The Basics of the UCC Process
You Need to Secure Your Collateral
Worried about customers filing bankruptcy? Concerned about extending credit to marginal accounts?
UCC filings secure collateral in agreement with your customer’s promise to pay. Attend this free webinar to learn how UCC filings can offer:
- PROTECTION when your customer files Chapter 7, Chapter 11, or defaults
- OPPORTUNITIES to take first priority in your inventory or equipment
- AN INCREASE in your comfort level when there is risk involved in marginal accounts
- COLLATERALIZATION Banks consistently require collateral against the credit lines they extend; trade creditors can do the same