Sep 20 in General discussion
UCC liens // Shopping for Factoring
One of the Factoring industry's dirty little secrets is the UCC filing process on prospects. ALL the majors and most smaller factoring companies will place a UCC on someone when they are calling around shopping.
My advice to anyone shopping. Start off your call telling the salesperson to confirm they WILL NOT place a UCC lien in your or your business's name until you have signed a contract.
This terrible practice of prefiling adds unnecessary time (5+ days on avg.) to onboarding with whatever factor you choose. Its bullsheet.
That said, HaulPay does not file until after you have been sent through our Underwriting process.
Brokers Factoring paying over 1.5%, let's connect.
Carriers Factoring paying over 2.49%, let's connect.
562.261.2981
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UCC liens // Shopping for Factoring
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