UCC Leads For Sale

UCC LEADS FOR SALE

Many of Synergy’s clients have been buying UCC leads. There are some good things and some bad things about UCC leads.

UCC Leads For Sale

What are UCC leads? UCC stands for Universal Commercial Code.

UCC Definition:

“A UCC Filing is a legal notice a lender files with the secretary of state when they have a security interest against one of your assets. It gives notice that the lender has an interest, or lien, against the asset being used by you to secure the financing.”

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Why do lenders file a UCC on a business that they lend money to? This is a great question. The answer is fairly simple to understand. If a lender lends you money they did so based on an evaluation of your risk. The underwriters looked over your credit profile and your bank account to determine how risky you would be.

If you take the lenders money and then take another loan what does that do to the risk level? It could make you over-leveraged. This could force you out of business. So if the first lender files a UCC filing then the next lender can see it. Then the second lender can evaluate your risk knowing that you already have a loan.

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UCC LEADS FOR SALE – THE GOOD

UCC leads can be good because these leads already understand how it works. They’ve already gone through the submission process. They understand the documents that will be needed to secure the funds. They won’t be surprised if they hear they need extra documents.

With UCC leads you can lower the sticker shock. Sticker shock is when you pitch the details of an MCA and the borrowers freaks out about daily payments and short term advances.

UCC LEADS FOR SALE- THE BAD

The problem with UCC leads for sale is that everyone has been calling these leads for years. UCC leads for sale are the most beat up leads in the industry. These borrowers are so tired of getting calls that they change their phone numbers and block spam calls to prevent talking to another broker.

Another issue is that with UCC leads for sale you often get borrowers who just got an advance. So now your working to get a small second position loan and will not make a high commission. Here at Synergy we have developed several ways to generate MCA leads.

Disclaimer: UCC Leads are not guaranteed to convert. Every company has their own agents who have different sales skills. Each company has their own follow up systems that may yield different results. Companies have their own lenders where they can obtain approvals. Synergy Direct Solution LLC can in no way guarantee conversions or sales.