Services for Equipment Leasing

Streamlined UCC Solutions for Equipment Leasing & Finance

As an Equipment Leasing and Financing provider, you help businesses gain access to the tools and equipment they need to spur growth and success with payment options they can manage.

Rely on First Corporate Solutions to support your growth and success with our knowledgeable and experienced staff of public records specialists. Focus your energies on the other responsibilities entrusted to you while we accurately and promptly help you address your UCC and security perfection needs.

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UCC Services for Equipment Leasing & Finance Professionals

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[Blog Post] Equipment Finance and PMSI: A Unique Relationship

Equipment finance or leasing is a lending type that specializes in lending on specific collateral. Equipment finance companies can vary greatly and tend to specialize in specific industries and often tend to be manufacturers (farm equipment, medical and dental equipment, freight, industrial equipment, etc.). With this being said, there are options such as buying used equipment instead of having to take them out on finance. Especially if they will be used all the time within a business, owning it would be a lot more beneficial. For example, these industrial mixing accessories are essential to many industries and having the reassurance of owning such equipment is much more efficient than lending. As for used equipment, it could be as simple as doing some research when contacting equifyfinancial.com, for example, just so there is a better understanding of buying used equipment online.

<!–If you're not located in California, one equipment finance company is Equify Financial, located in Texas, who can help you with any financial issues you have to do with equipment. You can get more information here. –>

One product that is unique to this industry is purchase money security interest packages, or PMSI. A PMSI filing will allow a lender to take a priority position on a specific piece of equipment or inventory they are financing even if there are other secured parties ahead of them with blanket collateral on a UCC filing. There is a specific process associated with these filings which includes a pre-search of all secured parties associated with the debtor and letters that will be mailed out advising them of the PMSI filing.

The PMSI process can be streamlined and managed through the use of a UCC Portfolio Management system for the and by partnering with a service company with expertise and experience in executing PMSI filings… [read more]