Credit Tips Blog: Discover the Latest Industry Insights

60% of restaurants fail within three years and few survive beyond five years. Protect your company with UCC filings!

Use caution when identifying your customer on the UCC filing. If it’s an individual, carefully list their name exactly as it appears on their unexpired driver’s license.

Because the risk of failure is so prevalent in the food, beverage and hospitality industries, creditors must actively and aggressively implement UCC filings for security

There have been changes to Pennsylvania’s mechanic’s lien statute. The state has instituted a construction notice directory, but implementing this directory does not change the requirements for service of a formal notice or mechanic’s lien.

A recent court of appeals decision left one Illinois subcontractor with over $3 million in unpaid claims, and the construction and alternative energy industries with immeasurable concern and doubt.

Struggling with past-due invoices? Learn how to ask customers, ensuring better communication and improved payment processes.

Learn the essentials of Standby Letters of Credit & how banks provide guarantees for payments, ensuring security in financial transactions.

You can burn bridges, you can cry a river and build a bridge to get over it, you can even sing songs about bridges falling. But, you can’t place a construction lien on a bridge.

Today’s 3-in-3 features Notice & Lien Specialist, Keely Bindas. Read on to learn more about mechanic’s lien rights on leaseholds.

Explore the complexities of mechanic's liens in construction disputes. Learn how a project owner's appeal impacts contractor rights and fees.

Bills of lading and proofs of delivery can be critical in supporting your mechanic’s lien claim. Learn more about bills of lading and proofs of delivery here.

Waivers today are more formal and more complex and it’s very important to know exactly what you’re signing before you sign it.