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.
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.
Why it matters to a broker
Count filings and you count names, not funders. Two entries that are really one funder’s abbreviations read as two positions, and price a file worse than it deserves.
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