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If you are here reading this blog article then you’ve likely taken your bank through some unprecedented times. Thankfully, for most lenders, you were in a decent place in terms of capital levels when the pandemic occurred. However, there are many new considerations as a result of these difficult times to help guide how things proceed.
It has felt like a trial of sorts over the past 3 months of our lives. A trial to see how well we come together over the hurdle of a microscopic problem. This hurdle in comparison would put Mount Olympus to shame. We were asked to abandon our everyday lives and adapt to a new way of life.
With this newest state addition to our Database Direct® searching capabilities, benefits are not so far, far away. Obtain more results and uncover potential “hidden” liens through our expanded search logic which includes hundreds of name equivalents.
Since safety above all is important to us, Capitol Lien is doing what we can in being proactive to keep our employees, clients, and community healthy and safe. The staff at Capitol Lien is taking this very seriously and we are proactively taking extra precautions to reduce the spread of the virus while also following our Business Continuity Plan (BCP).
The UCC Financing Statement filing process can seem overwhelming if you are unsure of the proper procedure. It’s also important to know that filing rules can vary from state to state.
The time for transitioning from the London Interbank Offered Rate (LIBOR) is quickly approaching with the looming May 2021 deadline and there are things for your lending group to consider in the meantime.
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