Every state runs its own index and none of them search each other, so filings sit in the state the debtor was organised in rather than the state it trades in. Matching is literal, so an entity suffix or a filer’s typo hides a record that is sitting right there.
Full guide
How to check if a merchant already has an advanceThe record proves a claim exists. The statements prove it is still running.
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.
UCC-3 termination
A filing that releases or amends an existing UCC-1, most often recording that a secured party’s claim has ended.
Secretary of state
The state office that holds a state’s business entity and UCC filing records, and the office a UCC-1 is filed with.
Position
An individual outstanding advance against a merchant, counted in order — first position, second position, and so on.
Stacking
A merchant taking an additional advance while an earlier one is still outstanding, so multiple remittances draw on the same receipts.