Welcome to the new Lien Solutions blog – insights and resources to help professionals reduce risk and shape the future of their business. You’ll find articles on thought leadership, practical tips, and an exchange of ideas that drive innovation and better outcomes.
It is important for lenders to learn of changes to a borrower’s name and to learn if the business organization is no longer in good standing in its formation state. Not all borrowers notify lenders of these changes.
UCC filing monitoring notifies a lender if another secured party tries to amend, continue or terminate the lender’s own UCC filing. It’s important to track any change to UCC filings which could undermine a lender’s position. Staying on top of this enables a quick response and can protect the filer’s interest. UCC filing monitoring is […]
Solar panels aren’t cheap. Frequently purchases have to be financed or leases are made. Solar panel installers differ from most businesses in that the money they get to start their businesses and provide loans to customers comes not from traditional banks, but from federal, state and local governments and/or investors. For most small businesses, a bank might help show the new company the tricks of the trade when it comes to lending and leasing, But solar panel installers don’t always get that free and valuable education as they don’t often deal with banks. So they’re left to figure it out on their own. That can cause big problems down the road in the event of future borrower difficulties.
Leasing a piece of equipment is no different than loaning someone money. You expect to be paid a return on your asset during the lease period. However, if the lessee encounters financial trouble during the lease and files bankruptcy, or even goes out of business, what happens to your forklift, copier, oven, furniture or solar panel? Do you get them back? Or are they liquidated to pay off creditors? And what happens to your investment in that equipment or the remaining money owed on the lease? Where do you stand in line to be paid off? Are you even in the line at all?
Solar power is the green energy wave of the future, offering businesses and consumers clean, affordable energy while protecting our environment and reducing greenhouse gases. Thanks to advances in technology, solar panels can now be installed at an affordable price, one unthinkable just a decade or so ago.
But what you may not know could come back to darken your business’ bright future. That is: how to best protect your equipment – and your investment in it – if you are engaged in, or will enter into, a lease or power purchase agreement (PPA) with a customer.
Equipment leasing companies face two twin challenges on a daily basis: reducing risks and streamlining lien management workflows. If your business isn’t sure how to meet these tests, you may be exposing yourself to financial trouble. Fortunately, there’s a company ready to partner with you to provide the guidance and solutions you need to overcome […]
There are two key areas of equipment leasing and finance that are most susceptible to change and pose the greatest challenges to companies in the industry: risk mitigation and workflow optimization. To successfully meet the challenges and changes ahead, equipment leasing and finance companies must figure out a way to protect their assets in case of customer financial difficulty and to ensure their operations are flexible, efficient and adaptable to evolving market conditions.
The PMSI holds a favored position under UCC Article 9. If a transaction qualifies as a PMSI, the secured party can achieve a superior position even in relation to other secured parties that have perfected before it. A PMSI is generally a two-party transaction; the supplier or seller of goods retains a security interest for the purchase price.
With an opinion that contains the classic line, “A secured party is the master of its own termination statement,” the Delaware Supreme Court held on Oct. 17, 2014, that a UCC-3 termination statement, which was filed by mistake and resulted in the termination of a $1.5 billion term loan, was effective because the filing was authorized by the secured parties involved.