LOOKING FOR UCC LEADS?
Many of Synergy’s clients have been buying UCC Leads. There are some good things and some bad things about UCC lists.
What are UCC leads? UCC stands for Universal Commercial Code.
LEARN MORE ABOUT OUR OTHER UCC LEADS!
Why do lenders file a UCC on a business that they lend money to? In other words, how does a business end up on UCC leads? 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 then the next lender can see it. Then the second lender can evaluate your risk knowing that you already have a loan.
UCC LEADS – THE GOOD
UCCs 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 these leads you can lower the sticker shock. Sticker shock is when you pitch the details of an MCA and the borrower freaks out about daily payments and short term advances.
UCC LISTS – THE BAD
The problem with UCC lists are that everyone has been calling these leads for years. UCC lists 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 lists 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.
Check out the different options we have to generate leads below:
Click HERE To Request A Call Now!
Want more info? Call us at 866-428-0172.
Read What Actual Clients Are Saying Right Now!
OTHER LEAD PRODUCTS!
REQUEST A CALL NOW!
CHECK US OUT SOCIALLY!
FAQS
Where to Find UCC Leads:
You can find UCC leads from several sources, including:
-
State Secretary of State Websites: Each state in the U.S. has a database where you can search UCC filings. These records are public, and many states allow you to perform searches online for free or for a small fee.
-
UCC Lead Generation Services: Several companies offer UCC filing databases or lead lists, helping businesses target specific types of filings. These services aggregate UCC filings and sell them as pre-qualified leads. Examples include:
- UCC Direct
- Lien Solutions
- UCC Lookup
- DataQuick
-
Commercial Credit Reporting Agencies: Companies like Equifax, Experian, and TransUnion provide UCC data as part of their business credit reports. These reports often include a company’s secured transactions, giving you insights into what kinds of financing they have.
-
Third-Party Data Providers: Some services specialize in compiling UCC data, allowing you to purchase targeted lead lists based on specific criteria, such as geography, industry, or the amount of debt secured by UCC filings.
How to Use UCC Leads:
-
Targeted Marketing: If you’re a lender or financial institution, you can use UCC filing leads to find businesses looking for financing or businesses that may need additional working capital.
-
Debt Collection: If you’re in collections, UCC leads can help you identify businesses that are struggling with multiple loans, which might indicate financial distress. These companies could be prime candidates for collection services.
-
Investment Opportunities: UCC filings can give you insight into businesses with valuable collateral, potentially allowing you to acquire distressed assets or invest in companies with secured debts.
-
Credit Risk Analysis: Lenders use UCC leads to assess risk. A company with many UCC filings or a history of frequent amendments may indicate financial instability, which is important to evaluate before extending more credit.
Key Tips for Working with UCC Leads:
-
Filter for Relevant Data: UCC data can be vast, so narrowing down your search criteria—such as industry, loan size, or number of filings—can help you identify the most relevant leads.
-
Monitor for Updates: Keep an eye on UCC amendments or terminations, as they can signal shifts in a company's financial situation or new opportunities.
-
Ensure Compliance: If you’re using UCC filings for debt collection or marketing, make sure you are following relevant regulations like the Fair Debt Collection Practices Act (FDCPA) or other laws governing debt collection and business communication.
- https://synergydirectsolution.com/aged-business-loan-leads/
- https://synergydirectsolution.com/business-loan-appointment-leads/
- https://synergydirectsolution.com/bank-loan-leads/
- https://synergydirectsolution.com/bank-loan-turndown-leads/
- https://synergydirectsolution.com/business-finance-leads/
- https://synergydirectsolution.com/business-loan-leads/
- https://synergydirectsolution.com/business-loan-leads-for-sale/
- https://synergydirectsolution.com/business-loan-leads-free-trial/
- https://synergydirectsolution.com/business-loan-leads-live-transfers/
- https://synergydirectsolution.com/business-loan-leads-sale/
- https://synergydirectsolution.com/business-loan-leads-with-applications/
- https://synergydirectsolution.com/business-loan-leads-with-bank-statements/
- https://synergydirectsolution.com/business-loan-live-transfers/
- https://synergydirectsolution.com/business-loan-trigger-leads/
- https://synergydirectsolution.com/business-to-business-data/
- https://synergydirectsolution.com/ucc-leads-for-sale/
- https://synergydirectsolution.com/unsecured-business-loan-leads/
- https://synergydirectsolution.com/exclusive-business-loan-leads/
- https://synergydirectsolution.com/free-business-loan-leads/
- https://synergydirectsolution.com/ucc-leads/
- https://synergydirectsolution.com/debanked-business-loan-leads/
- https://synergydirectsolution.com/finance-leads-online/
- https://synergydirectsolution.com/how-to-generate-business-loan-leads/
- https://synergydirectsolution.com/pre-qualified-business-loan-leads/
- https://synergydirectsolution.com/small-business-loan-leads/
- https://synergydirectsolution.com/ucc-filing-leads/