The Impact of COVID19 on Your Credit-Granting Process
We recently asked our clients whether the COVID-19 pandemic is impacting their credit-granting processes. Has your credit granting process become more stringent?
NCS Credit LienFinder™: Innovation & Business Intelligence Like You Have Never Seen
LienFinder™ is an online database that captures construction project data nationwide, from hundreds of recording offices daily.
Expected Bankruptcy Spike in Food, Beverage, & Restaurant Industries
The food, beverage, and restaurant industries have been devastated by the pandemic. Are you a secured creditor?
What is the Contractual Chain and Who's Involved?
Who is in the contractual chain? What is privity of contract? Who's covered by mechanic's lien and bond claim rights? Get answers here!
A Properly Perfected PMSI & the Importance of a Timely UCC Filing
When the required steps are met, a Purchase Money Security Interest (PMSI) can give a creditor a first or priority security interest in the goods, even if other secured parties hold prior perfected security interests in the same collateral.
Download this infographic and learn what should be included in your PMSI filing, when it should be filed, and how to protect yourself from the bankruptcy preference period.
Types of Bonds in Construction Credit: a Bond Breakdown
The construction credit world is full of industry-specific terms and definitions; sometimes it’s hard to keep them all straight. “Bond” is one of those terms.
In this infographic, we'll discuss the various types of bonds that are common in construction credit and provide some best practices to ensure you are a secured creditor.
Top 5 Reasons You Should File UCCs
Are reducing your DSO, mitigating risk and improving working capital not enough reasons to file UCCs? Good thing we have 5 more reasons! Including, how UCCs can help increase your sales and how you can end your fiscal year with fewer write-offs.
The Important Role of Proofs of Delivery & Bills of Lading in the Mechanic's Lien Process
Did you know, failure to obtain and save copies of these documents can jeopardize your position as a secured party? Without proof that your materials made it to your customer or the job site, a judge could invalidate your claim, and the debtor or the owner could use the lack of proof as leverage in settlement negotiations.
Check out this infographic to learn more about the important role these documents play and what information should always appear on each proof of delivery or bill of lading.
Understanding the Assignment of Mechanic's Lien & Bond Claim Rights
It's true, mechanic’s lien and bond claims may be assigned from one party to another. However, whether assignment rights are available will vary by state and circumstance.
In this infographic, you'll learn what it means to assign lien rights, who's involved in the assignment of rights, and whether rights are always assignable.