Risk isn’t limited to the pandemic. These industries are historically the riskiest industries for creditors, because the failure rate is incredibly high.
Article 9 of the Uniform Commercial Code (UCC) provides you an opportunity to secure receivables by leveraging the personal property assets of your customer.
A properly perfected security interest, will mitigate your risk and exposure in the event of customer default or bankruptcy.
Creditors, like you, actively implement UCC filings for security.
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