How Invoice Factoring Works – In 6 Easy Steps

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How Invoice Factoring Works | Riviera FinanaceInvoice factoring is a type of alternative financing that helps businesses improve their cash flow situation. It can be used in place of or sometimes in addition to other types of financing such as equipment financing, unsecured loans, and venture capital.

Let’s take a closer look at how invoice factoring works so you can decide if it’s worth considering for your own business to help with cash flow and more.

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Understanding UCC Filings as a Business Owner

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Understanding UCC filings as a business ownerIf you are seeking funding for your small business, you should be familiar with UCC filings.  The UCC or Uniform Commercial Code is the law that governs commercial financial transactions in the United States. The purpose of the UCC is to create a consistent set of laws that apply throughout the nation.

What You Need to Know About UCC Filings as a Business Owner

What is a UCC Filing?

If you’re a new business owner or looking for financing, you need to know about the UCC and its filings- forms that are filed and recorded at the Secretary of State when a business obtains financing. UCC forms are not filed by businesses but by their creditors.  These filings are called ‘financing statements.’

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