A UCC lien filing, or UCC filing, is a notice lenders file when a business owner takes a loan against an asset. A UCC filing gives lenders a claim on assets a debtor pledges as collateral. The term originates from the Uniform Commercial Code (UCC), a set of rules governing commercial transactions. Strong borrowers may…
About the Author
Dennis Shirshikov
Dennis Shirshikov is a small business finance writer here at Fit Small Business. Before joining the team, he worked with firms like Cantor Fitzgerald and BGC Partners. He then earned his master’s with a focus in Financial Risk Modeling and spent much of his career working in the startup space as a consultant and as a founder. When not working with small businesses, Dennis also teaches Economics at Queens College.
Dennis’ expertise has been featured by publications like OppLoans, HuffPost, and the Wall Street Journal.
In his downtime, Dennis enjoys spending time with his family, reading, and exploring New York City.
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Business Auto Loans: The 7 Best Lenders Compared
Business auto loans offer companies the opportunity to finance vehicles to complete a job, transport employees, and bring customers to their business. Traditional and online lenders offer commercial auto loans with varying minimum requirements, repayment terms, and funding amounts. We conducted an auto loan comparison based on these criteria and selected seven top options. Top…
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How to Get a Business Loan With Bad Credit in 5 Steps
Business owners with low personal credit scores who face cash shortages wonder how to get a business loan with bad credit and no collateral. By identifying the factors lenders consider in the application, evaluating financing options, and submitting an application, borrowers can maximize their chances of getting a bad credit business loan. Fundbox offers a…
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Small Business Line of Credit: Types, Requirements, Rates & Terms
A business line of credit offers revolving financing similar to a credit card. The types of lines of credit fall into three categories: unsecured, secured, and personal. Unsecured business line of credit requirements are lower than secured options, but offer less funding. Costs typically start at 10% with funding from $5,000 to $5 million. How…
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OnDeck vs LendingClub: Business Loans Review 2019
In comparing OnDeck vs LendingClub, both offer solid small business financing options. While both lenders offer similar funding amounts, OnDeck has a higher overall cost and shorter repayment terms. LendingClub can take up to a week to provide funding and, unlike OnDeck, doesn’t offer a business line of credit. When to Apply With OnDeck Business…
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Fora Financial Business Loans & Top Alternatives 2019
Fora Financial offers short-term business loans to high-risk industries up to $500,000 with terms up to 18 months. Factor rates start at 1.1 times the loan or an APR of 14%, and Fora Financial business loans require at least $145,000 in annual revenue and a 500 or higher credit score to qualify. Fora Financial Business…
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QuarterSpot Business Loans & Top Alternatives 2019
QuarterSpot offers short-term business loans up to $250,000 with repayment terms up to 18 months. The starting rates are higher than most alternatives, with a low annual percentage rate (APR) of 20%. This direct lender is best for business owners in high-risk industries that need same-day funding and the option of a full prepayment discount….
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SBA Disaster Loans: Interest Rates, Qualifications & How to Apply
Small Business Administration (SBA) disaster loans provide businesses with affordable financing for disaster recovery. Businesses, nonprofit organizations, homeowners, and renters are eligible for funding with repayment terms up to 30 years and interest rates starting at 1.75%. Applicants can receive initial funding five days after signing loan closing documents. If you want to apply for…
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Uber & Lyft Financing: 10 Ways to Fund Your Rideshare Business
Uber financing and Lyft financing solutions include vehicle rentals, business loans, personal loans, and credit cards. Uber and Lyft partner with car rental companies, but don’t offer any direct financing solutions for drivers. Financing auto repairs, vehicles, and daily purchases like meals and gas requires drivers to work with an outside lender. Top Rideshare Business…
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LendingTree Business Loan Options & Top Alternatives 2019
LendingTree is a free business loan marketplace that matches businesses to lenders in minutes. LendingTree business loans range from short-term options like invoice financing to long-term options like Small Business Administration (SBA) loans. LendingTree rates depend on the individual lender, and borrowers receive up to five options from a pool of more than 40 lenders….
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6 Best Merchant Cash Advance Companies 2019
A merchant cash advance (MCA) provides a lump sum cash advance for a percentage of daily credit card receipts. An MCA provider is buying future credit card sales from a business to make the advance. We evaluated the top six MCA providers to determine that National Funding offers the best terms. Best Merchant Cash Advance…
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Kabbage vs OnDeck: Which Offers the Best Business Loans?
Deciding between Kabbage vs OnDeck depends on the needs of a business. OnDeck offers short-term loans up to $500,000 with a 10% starting APR and repayment terms up to three years, which are ideal for large projects. Kabbage’s lines of credit up to $250,000 with prepayment discounts are better for revolving credit needs. OnDeck: Best…
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