What is the UCC List?
UCC List stands for Uniform Commercial Code. If you offer alternative finance solutions to entrepreneurs and business operants, it is important to know that the Uniform Commercial Code, or UCC data, makes a lot of business data available to assist your prospecting. Merchant cash advance providers, business cash advance providers, and financial services or lending financial institutions are among the providers that can benefit the most from UCC data. Data is often available for delivery in mere hours. This List assists them to identify valuable prospects and help them by funding when they are in urgent need of cash.
What does the UCC List Contain?
The UCC Database from D&B tracks the Unified Commercial Code Registration around the US with high speed and accuracy because of Dun & Bradstreet; by using DUNS 9 digit number verification system. UCC List contains various vital data which is collected during the UCC Filing Process. They are:
- Filling Date.
- Contact Name.
- Contact Title.
- Company Name.
- Postal Mailing Address.
- SIC Code and details.
- Sales volume.
UCC List Used By:
The UCC List helps you to identify the needs for a broad range of commercial lenders and borrowers alike. That is why the UCC List is sought after by many organizations due to its valid information and systematic approach. UCC Lists used by:
- The MCA Industry.
- Local or Mainstream Banks.
- Accounting Firms.
- Office Supplies Contractors.
- Business Service Providers.
- Web Service Providers.
- Marketing and Advertising Firms.
- Legal Aids.
- Investment Firms.
- Consulting Firms.
How The UCC List Became The Primary Method To Generate MCA Leads?
The UCC Database contains over 30 million UCC Files with data. UCC Filing is a standard procedure for secured borrowing and Merchant Cash Advance Loans in the United States, this filing also includes a description of the collateral pledged to secure the loan or lease agreement. For that reason, the UCC List contains valuable data which will help you generate Merchant Cash Advance Leads. By using this list, you can get a clear picture of why the business got funded in the past and will again possibly in the future for an MCA loan.
UCC List becomes the primary method to generate MCA Leads due to its massive data collection. After collecting this list, you can immediately approach small business owners with a little bit more precision. A UCC List contains information of how much a business owner may have been looking for when they received the MCA Loan and might be looking for another in the present time.
Unlike other business listings, the UCC List is very niche and all of its information is verified through proper authority. So generating MCA Leads is pretty much more comfortable than other methods. Another plus point is you don’t need to explain everything to your prospective clients because they are already familiar with Unsecured Business Loans.
There is no doubt about UCC Lists being the primary method of generating Merchant Cash Advance Leads. Just like everything else UCC Lists has its pros and cons; so through UCC List you can acquire large data but can not generate MCA Leads without manual work. You have to approach every business owner to see if they are interested enough to fund them as time goes on it's quite harsh to find MCA Leads this way.
If you integrate UCC filings into your alternative financing marketing strategies, you will outpace the majority of your competitors who overlook this opportunity. With regular updates to source data, you will know when a business is in need of capital that you can provide before most other providers. Also on top of that when you add the critical property and finance information gleaned from UCC to these other resources, you get a complete view of a prospect’s viability as a client for your services towards receiving an MCA, which funds the business owner at a quicker pace with legitimacy.
When Does UCC Filing Occur For Businesses or Entrepreneurs When Applying For MCA?
When your business enters into a financing agreement that is secured by collateral, a UCC lien could be filed against any assets you pledged to secure the loan. A UCC lien does not generally hurt your business’s day-to-day operations but could prevent you from getting additional funding before satisfying the lien. So in terms of large loans which you may not be able to pay in cash with, you may be able to put in collateral if needed. Flexibility is in your hands when in need. Under state UCC provisions when tangible business assets are used as collateral, a UCC filing creates a lien. Once established, you cannot dispose of the property before the debt to the lender is paid. Items or assets you can use, that may fall under a UCC filing include:
- Office equipment
- Financed goods – farm equipment, heat pumps
- Commercial instruments such as drafts or promissory notes
- Letters of credit
- Investment securities
Other types of liens may include a mortgage on a building. A business vehicle may have a lien. Paying off the debt is the only way to remove the lien. You will not be able to get the deed on an office building or title to the company vehicle until the lien is paid in full. Your business is, however, allowed to use the building or vehicle while you are making payments. Flexibility and time are key in such situations, which is why it's important to take advantage of such opportunities in times of risky situations.
Related Topic:"Don’t Pay for Bad MCA Leads Ever! Try Our 100% Guaranteed MCA Live Transfer Leads and Start Funding Now!"
Overall there is a bright side to all this, DTX Business Solutions is one of the leading MCA Lead Generating Companies in South East Asia. We have been working in Leads Generation Industry for over ten years and dedicatedly working in MCA Industry for more than six years. We only scrub DNC and TCPA Compliant Lists, so that you don’t have to face Legal problems. Rest assure you will only pay for good leads because we follow strict rules during the Merchant Cash Advance Leads Generating and if you feel as though you have any particular requirements, we will gladly comply. Once we get the opportunity to support you with your business loans, you will get time to focus on completing the application process and funding the business owners. For more information, please contact us or talk to us directly through live chat.