What Are MCA UCC Leads?
Let’s examine MCA UCC Leads and their benefits. If a lender funds a merchant they might file a UCC lien on their future receivables. Why would they do this? Glad you asked. It’s because they want to ensure that the next lender doesn’t give the merchant another cash advance. The business would become overledergaed and default on every lender if they got another advance. I’m sure you’ve seen situations where a merchant changed bank accounts to hide a payment coming from ABC lender, right? Well if the UCC is filed it won’t matter – the next lender will find it. Therefore, UCC leads are lead that have taken out a cash advance.
Again, these leads are perfect for people who have higher risk lenders or lenders offering multiple positions! In many cases these borrowers need more money and they need someone that can do another MCA. These merchants already understand how a merchant cash advance works which makes them great for MCA Leads.
Why Would A Merchant Cash Advance Broker Want UCC Leads?
Higher Levels of Intent
UCC Leads are a good type of lead for brokers because these leads have show an interest in getting a loan or cash advance in the recent past. Additionally, these business loan leads have applied with a funding company which shows far more intent than traditional aged leads.
Higher Qualifications
Furthermore, these UCC leads have been qualified and funded by a lender – so you know they had previously met the minimum criteria to get approved. Lastly, these leads are business owners that said yes to a factor rate and typical MCA rates ad terms.
Do You Need High Risk Lenders?
Check out Daily Funder or Debanked for new MCA funding companies that can help you achieve your goals.
