Names are recorded as the filer typed them, so one funder appears as an abbreviation, a numbered entity, a trading alias or an agent acting as representative. deBanked publishes a public list of advance companies and the names they file under, which is where alias roll-up starts.
Full guide
Counting a merchant’s existing positionsDistinct secured parties, not distinct filings — and which filings are not positions at all.
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.
Funder
The party that deploys the capital in a merchant cash advance and carries the risk of repayment.
Filing agent
A service company that files a UCC-1 on a funder’s behalf and is named as the secured party itself, so the funder’s own name never appears on the record.
Debtor
The business whose assets a UCC filing attaches to — the party that granted the security interest, not necessarily a business behind on a payment.
Collateral
Assets a secured party can claim if the obligation is not met.