{"id":7462,"date":"2018-06-01T16:41:42","date_gmt":"2018-06-01T16:41:42","guid":{"rendered":"https:\/\/liquidcapitalcorp.com\/?p=7462"},"modified":"2026-07-22T14:12:51","modified_gmt":"2026-07-22T14:12:51","slug":"why-you-should-perform-a-ucc-or-ppsa-search-asap","status":"publish","type":"post","link":"https:\/\/liquidcapitalcorp.com\/fr\/blog\/business-growth\/why-you-should-perform-a-ucc-or-ppsa-search-asap\/","title":{"rendered":"Why you should perform a UCC or PPSA search ASAP"},"content":{"rendered":"

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One of the most fatal financing problems is out-of-date or inaccurate \u201csecurity registrations\u201d filed against your business. Security registrations are filed by lenders or creditors when you buy or borrow to help guarantee you make your payments, often using personal property as collateral. These are common in the world of lending, and once your debt is paid off the record is discharged. But that isn\u2019t always the case\u2026<\/p>\n

When these security registration records are incorrect, they can stop you from being able to secure future financing. Other lenders will shy away from providing you further financing since they won\u2019t be able to claim the proper security interest against your assets.<\/p>\n

Example security registration<\/strong><\/h2>\n

Let\u2019s say you purchased a printer from an office supply company a few years ago, making regular payments until the full price is paid off. The vendor (aka the lender) filed a security registration against your company to act as security \u2014 a loan for the printer until it\u2019s fully paid.<\/p>\n

After agreeing to your side of the bargain, you paid the printer off last year, which should mean the security registration is discharged. But after doing a search, you see that it\u2019s still on your record and the vendor didn\u2019t make the proper updates.<\/p>\n

Now you\u2019ll need to go back to your supplier and ask that they discharge the registration. Their admin is backlogged, and they say it could take days or weeks to fulfill the request.<\/p>\n

How do you search for security registrations?<\/strong><\/h2>\n

In the USA, a basic UCC search should be performed, while in Canada, companies should perform a PPSA search (or RDPRM in Quebec).<\/p>\n

These searches, if done in the proper jurisdiction, will tell you if a third party is claiming a security interest in any property of your company (other than real estate).<\/p>\n

 <\/p>\n

\"How<\/p>\n

Follow all six steps to becoming \u00ab\u00a0lender friendly\u00a0\u00bb and get prepared to access funding from any lender.<\/a><\/em><\/span><\/p>\n

Access the complete eBook.<\/span><\/a><\/strong><\/span><\/p><\/blockquote>\n


\nWhat if I uncover incorrect security registrations?<\/strong><\/h2>\n

Sometimes the security registration records aren\u2019t clean. Even if you think there are no security registrations filed against your company, it\u2019s worth double-checking the official records. Some common problems include:<\/p>\n