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  • Question for anyone?

    On a loan of $150k or higher ...does a UCC have to be filed?

    If not, does that increase the rate?
    ​Anthony Simonini
    CEO
    Phoenix Funding and Finance
    917 793 9004 Office
    347 806 4010 Cell
    917 591 4958 Fax
    https://www.facebook.com/phoenixfinance2015/

  • #2
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    • #3
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      • #4
        UCC liens can be filed against businesses or individuals. They work on a first come first serve basis, so if there is a default, the first lender to file a UCC lien will have first rights to that asset. The lender is reserving their spot in line to collect on the assets you pledged to them.

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