The food, beverage, and restaurant industries have been devastated by the pandemic. Are you a secured creditor?
Personal Guarantees are an effective and popular credit tool, but they do have limitations. UCC filings can help!
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!
Do you know there are 19 states that require a preliminary notice be served to protect bond claim or public improvement lien rights?
In this NCS Extra Credit installment, Jerry Bailey (Executive Sales & Education Services Manager) compares personal guarantees and UCC filings.
In this NCS Extra Credit installment, Marla Zurlo (Senior Account Representative) reviews mechanic's lien rights on residential projects.
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.
In this NCS Extra Credit installment, Diane Toth (UCC Specialist) answers “Can a properly perfected UCC really give me the right to repossess?”
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.