Our holistic and cost-effective UCC process will help you secure your equipment, inventory and receivables.
A UCC filing program will reduce your DSO, improve your cash flow and afford you the right to repossess your inventory or equipment. UCC filings can even increase your sales! With security in place, you can sell to previously unobtainable marginal accounts and increase your customer’s credit lines.
Dedicate More Time to Doing What You Do Best. We’ve Got It Handled.
Our Full-Service UCC Filing Program is designed with you in mind. You’ve got enough to worry about – let us prepare, file and monitor your UCCs.
Lower Your DSO
Reduce the time it takes to collect payment and improve your cash flow.
Increase Your Sales
Sell to previously unobtainable marginal accounts and increase your customers’ credit lines.
Reduce Your Write-Offs
Leverage your UCC filings in the collection of past due accounts. Fewer write-offs mean you can lower the costs associated with your products and services.
No Cost to Your Customer
Relax, there is no cost to your customer and it won’t impact their credit rating.
Get Paid Faster
Stop worrying about chasing payment. With UCC filings in place, you’re set to get paid faster.
Education Center
Big Foot, a Unicorn, and a UCC Financing Statement
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Using the Corporate Monitoring service NCS has been providing, our company has already identified two accounts with open credit limits which could have resulted in material losses: First, a $100,000 open credit limit and open accounts receivable. NCS identified the account as inactive with the State. Subsequent conference calls with the CFO of our customer found that the customer was “very close to running out of cash and it is unlikely to be funded further by outside investors.” Given such dire status provided verbally as well as the State standing, we reduced the limit to $0. Second, a $250,000 open credit limit. NCS identified the account as inactive with the State. HTA had no open exposure and decided to reduce the limit to $0 until the business returns to active status or until a sufficient explanation can be provided. As a general rule, HTA does not do business with companies that are inactive with the State without sufficient explanation and understanding.
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Recently, we were able to enforce our inventory lien in a high profile bankruptcy case. NCS had made all of the proper notifications when filing the lien and this placed our position as high as the lender and the floorplan company. The net result was payment in full for a low 6 figure balance. Using NCS provides the peace of mind of knowing that the proper procedures are being followed to validate our secured positions.
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The knowledge and due diligence of the NCS staff allows us to be confident that our secured filings are in order and perfected according to the laws of the United States and Canada.
Relax. We’re here for you.
Don’t spend your valuable time chasing past due accounts. Take advantage of NCS Credit’s services and give yourself a break!
What sets us apart?
We’re here to back you up, and get you paid.
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Big Foot, a Unicorn, and a UCC Financing Statement
NCS Credit Lien Index 2022 Q4
The Lien Index increased 3 points in Q4 2022 to 47, a 7% increase over Q3 2022 and 34% increase year over year. Throughout the last year, economists warned of the toll of high interest rates and possibility of recession, and we are now beginning to see significant signs of slowdown ahead.
