Using a UCC
Some Creditors are comfortable filing a UCC Notice in order to help secure their position and in order to secure their loan or funding to a borrower or customer. However, when the borrower or customer is in the construction business, why stop at a UCC–why not go all the way and file a UCC and then, later on, a Mechanic’s Lien?
Plus a Mechanic’s Lien
If you are extending credit to the construction industry, there is no more powerful or secure position to have than to file both a UCC, when appropriate, and a Mechanic’s Lien, when appropriate together. After the UCC is no longer effective (after goods are used in real property) we move you seamlessly into our Mechanic’s Lien process. A huge benefit of continuous securitization is that the lienor continues to maintain its interest in equipment, inventory and receivables under the UCC together with the Mechanic’s Lien rights.
= Continuous Securitization
Another benefit of continuous securitization is that the user of the continuous securitization may assign its lien rights to its lender, thus making its lender more secure.
To keep your receivables secure, file a mechanics lien today with LienItNow.com. LienItNow.com provides mechanics lien and construction lien filing services in all 50 States.