On Sunday, December 22nd we will be performing routine maintenance and access to our services will be intermittent. Please contact your Account Manager with any questions or concerns.
First Corporate Solutions
Three Phases of Due Diligence Series – Phase Two: UCC Filing
March 25, 2011
UCC, Corporate, Due Diligence
In phase two of the due diligence cycle, a lender has decided to advance funds. The lender will file a UCC Financing Statement to perfect their interest in the collateral and secure a priority position to collect should the debtor default. It is critical that UCCs get filed correctly since inaccurate or incomplete filings can open the door for secondary parties to claim a priority position.
When preparing and filing UCC Financing Statements…READ MORE
Three Phases of Due Diligence Series – Phase One: Pre-Funding
March 18, 2011
UCC, Corporate, Due Diligence, Revised Article 9
In the pre-funding phase, lenders perform public records searches to uncover any existing liens or outstanding financial obligations that bind their prospect. Searching helps lenders determine if they could obtain a priority position to collect if they decide to fund the deal. Companies who require additional intelligence and insight in corporate due diligence may wish to hire investigators to assist with the process.
Focusing on the…READ MORE
Coming Soon: Updated Website with New UCC & Corporate Risk Management Resources
March 12, 2011
[caption id="attachment_807" align="alignright" width="280" caption="Sneak Preview of First Corporate Solutions' New Website & Free Educational Resources"][/caption]
First Corporate Solutions is excited to announce that we are launching a brand new website on Monday, March 14, 2011. Visit us at www.ficoso.com to see the sleek new look and expanded resources.
The new site includes:
Reference library with 40+ FREE educational…READ MORE
Three Phases of Due Diligence Series: Preview
March 04, 2011
It is important to remember that public records research isn’t just a one-time task when evaluating an applicant; rather it should be an ongoing effort to keep an eye on accounts and maintain priority. With today’s blog post, we begin a brand new series that explores three phases during the life of a loan in which a secured party may be required to interact with public records data. Here is a preview of what you can expect from us in…READ MORE