Blog - Lien Solutions

When to Order a “Search-to-Reflect”

Written by Tim Hall
Date March 2017

Filing offices are not immune from human error. Errors occur in indexing the filing type, and in listing the debtor and secured party names. Whether the error occurred in the original filing, or at the filing office, filers can uncover and correct such errors by ordering a search-to-reflect.

 

Monitor Borrowers’ Business Entity Status

Written by Tim Hall
Date March 2017

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.

 

Monitor UCC Filing Activities

Written by Tim Hall
Date March 2017

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 […]

 

For Solar Companies, Securing Assets Could Brighten Future Collections

Written by Suzie Neff
Date March 2017

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.

 

For Solar Equipment Lessors, It Pays to Perfect

Written by Suzie Neff
Date March 2017

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?

 

New White Paper Must Read for Solar Power Lenders

Written by Suzie Neff
Date March 2017

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.

 

Protecting Your Assets in a Solar Power Purchase Agreement

Written by Suzie Neff
Date March 2017

A solar service provider’s area of expertise is putting in clean, efficient solar power systems. You know every nut and bolt, the makeup and capacity of every panel, and how to put the system in place the right way the first time. You hire the best people and install the best equipment.

 

Lien Solutions: A Business Partner to Help You With Equipment Leasing

Written by Skip Lafon
Date March 2017

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 […]

 

Financing Solutions for a Changing World

Written by Skip Lafon
Date March 2017

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.

 

Back-to-School with UCC Basics: PMSI

Written by Amanda Rasizzi
Date March 2017

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.