C T Corporation System, Corporation Service Company, First Corporate Solutions and Middesk all appear in this role, sometimes with a representative capacity noted beside the name. CSC and CT Corporation market the arrangement openly, on the basis that it keeps their client’s name out of public records.
Full guide
Why some UCC filings name an agent instead of the funderThe position is real. The index just does not say whose it is.
Related terms
UCC-1 financing statement
A public notice filed with the secretary of state recording a secured party’s claim against a business’s assets.
Secured party
The party named on a UCC-1 as holding the security interest in a business’s assets — on an advance filing, usually the funder.
Funder
The party that deploys the capital in a merchant cash advance and carries the risk of repayment.
UCC search
A query run against a state filing office’s UCC index to find the financing statements naming a particular business as debtor.
Position
An individual outstanding advance against a merchant, counted in order — first position, second position, and so on.