UCCs Reduce Risk for Creditors in Foodservice Industry

If you're supplying goods, equipment, or services to the foodservice, beverage, or hospitality industries, you are faced with a unique set of credit challenges. The most common challenge? The high rate of company failure. Article 9 of the Uniform Commercial Code (UCC) provides an opportunity for trade creditors to secure goods and/or accounts receivable by leveraging the personal property assets of their customer as collateral. Download this flipbook to learn how UCC filings can reduce your risk as a creditor supplying to the foodservice, beverage, and hospitality industries.   Editor’s Note: This content was originally published in August 2017. It has since been updated and revised for 2023.