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A list of filings is not a position count, and treating it as one is how a broker talks a merchant out of a fundable file, or submits one that comes back with a position nobody mentioned. The filings are evidence; the count is worked out from them.
| What the record shows | Most likely reading | What it does not settle |
|---|---|---|
| Two filings, one secured party | One position, renewed or amended | Whether the second is new money |
| Two filings, two advance funders | Two positions | Whether either has been repaid |
| A filing naming an agent as representative | A position held by somebody unnamed | Who holds it, and what product |
Count secured parties, not filings
One funder can file more than once on the same merchant, and usually has an innocent reason: a renewal papered as a fresh advance while the original sits unterminated, an amendment that adds collateral, a filing in a second state. So collapse the list by secured-party name first. The mirror-image error is worse, because it under-counts — advance companies file under trading names and holding companies, and deBanked publishes a public, ungated alias list, checked on 10 September 2026, that maps most of them back to one company.
The filings that are not advances
| Secured party reads like | Collateral usually reads | A position? |
|---|---|---|
| A bank or credit union | All assets, blanket | No. Read the covenants instead |
| An equipment lessor or finance arm | One machine, by make and serial number | No |
| A solar installer or energy financier | The panels, often a fixture filing | No |
| A factoring company | Accounts receivable, specifically | No, but it competes for the receipts |
| A state or federal tax lien | Not a UCC filing at all | No. Funders want a payment plan first |
Name-matching does not work either: a substring match for ADVANCE against Colorado’s published data puts a mortgage lender, a medical company and a bank ahead of the first genuine funder, which which states publish UCC data free counts out. And a filing naming an agent as representative is valid and uninformative at once, so count it on its own line and do not guess — why an agent appears as the secured party.
A count measures claims, not what they take. Three advances of $20,000 with two nearly paid off consume less of a day’s receipts than one $150,000 advance written last month, which is why how many positions is too many answers fundability and this page answers only the count.
Reconcile the record against the statements
- A filing with no matching debit. Most likely repaid and never terminated. Ask which, and whether it was repaid or refinanced.
- A debit with no filing. A funder who filed under a representative, in a state you did not search, or not at all. This is the one that gets missed, and it is live.
- Both sides match. A position you can size: the debit times roughly 21 business days is the monthly cost.
A worked example: three filings, two names
A merchant doing $140,000 a month returns three filings: March 2025 and September 2025 naming the same advance funder, January 2026 naming a different one. Only January has a matching debit, $438 every business day.
Three defensible answers for one merchant. Only the bottom row is a number a funder would recognise, and only the statements produce it.
Submit all three filings anyway, with the reconciliation attached and your reasoning in a line. A funder who finds a filing you left out assumes you were hiding it; one who reads why two look historic gets a file they can move on.
Questions brokers ask
Do two UCC filings from the same funder mean two positions?
Usually not. A renewal is often papered as a new advance with a new filing while the old one sits unterminated, and amendments and multi-state filings produce duplicates too. Treat two filings from one secured party as one position until the statements say otherwise.
Which UCC filings are not MCA positions?
Banks and credit unions, equipment lessors and manufacturers’ finance arms, solar and energy financiers, and factoring companies, which compete for the same receipts without being a position. The collateral description is a faster tell than the secured party’s name.
Does a tax lien count as a position?
No. It is not a UCC filing and it does not sit in the priority queue with the advance filings. It matters for another reason: many funders want a payment plan in place before they look at the file.
What if a daily debit has no filing behind it?
Treat it as a live position. The funder may have filed under a representative, in a state you did not search, or not at all. This is the position that gets missed, and finding it yourself is the difference between a conversation and a decline.
Reference
Reading the statementsThe six things to check, in order, and where the positions are actually found.
Alex Makowski
Founder, Infinite Bookings
Runs the lead generation operation behind Infinite Bookings — paid traffic, the funding application, and the delivery pipeline that puts records into brokers’ CRMs.
Reachable directly at alex@infinitebookings.com or 732-609-7182.