What is a UCC Lien/Confession of Judgment?
What Is a Confession of Judgment? UCC Liens & Your Legal Rights of Judgment? What Is a Confession of Judgment? A confession of judgment (COJ) is a legal document signed by a business borrower at the time of taking out a loan that authorises the lender to obtain a court judgment against the borrower without […]
The Dangerous Hidden Clause in Your Business Loan
The Dangerous Hidden Clause in Your Business Loan These are challenging times and small business owners are seeking financing in record numbers. The SBA (Small Business Administration) has been a significant help for many industries, but not all industries are covered (Here’s the SBA’s list of eligible and ineligible industries) and, as we learned this month, the PPP (Paycheck Protection Program) fund has run dry. Cash-strapped business owners looking for financing […]