When a business is considering invoice factoring as a way to increase capital availability, they must be certain that their accounts receivables are clear to offer as collateral. If the business has used its assets to secure any credit from an individual or credit facility, chances are a UCC-1 financing statement was filed on that collateral. The Uniform Commercial Code (UCC) has a long history based on laws passed to modernize and codify the various individual state laws that apply to commercial transactions. You can read much more about the UCC Read More...
[Source: The Money Blogs]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment