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UCC Filings in the Foodservice Industry

UCC Filings in the Foodservice Industry

The foodservice industry is on track to lose $240 billion in sales by the end of 2020. As a creditor supplying goods, equipment, or services to the foodservice industry, how can you reduce your credit risk? UCCs. In this article, you will learn the basics of UCC filings, the important role UCC filings play in these industries,  which UCC filing is right for you and what steps to take in the event your customer defaults and/or sells the business when you have a UCC in place.

 

UCC Filings Reduce Financial Risk

UCC Filings Reduce Financial Risk

Every time you extend credit to your customer, you assume some calculated risk, right? Because you know there are risks associated with extending...

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UCC Filings an Ounce of Prevention

UCC Filings an Ounce of Prevention

Extending credit is inherently risky, which is why credit professionals take appropriate steps to qualify customers. Credit professionals should not...

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5 Reasons to Consider UCC Filings Instead

5 Reasons to Consider UCC Filings Instead

Suppliers have widely used credit insurance to protect their accounts receivable, but credit insurance companies are cutting coverage and slashing...

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