I wouldn't get a loan from Chase Bank because Chase Bank, they put a UCC on any…

I wouldn't get a loan from Chase Bank because Chase Bank, they put a UCC on any line of credit you get. UCC is pretty much like a mortgage, a lien on that business. Why don't you want a UCC? Because if you go for future funding, you have to pay off that line of credit before you can get another line of credit. , is that what it's for? Yeah, it's almost like a

another line of credit. , is that what it's for? Yeah, it's almost like a mortgage. I thought if you pay it, I thought UCC only matters if you don't pay. It matters regardless. It's almost like getting a second mortgage on your house, right? You would It matters regardless. So it's almost like getting a... need to make sure the first mortgage is paid off. That's where you're tapped. Exactly.

Once you get that UCC, the lending options are limited, but there's many banks. And again, the average consumer would know that. There's many banks where you can get 100, 150, 200 ,000 line of credit, like Western Alliance. I got $200 ,000 from them and I got no UCC. but some banks like td bank for example for example, borrow ten thousand dollars and you get that lien on you

they put a ucc on you regardless you can But some banks, like TD Bank, see that sucks right it does suck but people do that because they don't know and also like business credit from so that's in the line of credit if you get a business credit card through td bank it reports to the personal side that's another thing you just wouldn't know any of the loans or lines

side that's another thing you just wouldn't know any of the loans or lines of credit we're doing it only reports to the business side it doesn't show up in the personal unless like you said Open the personal, unless, like you said, you start missing payments, which, , that's going to report regardless. you start missing payments which

in the personal unless like you said Open the personal, unless, like you said, you start missing payments, which, , that's going to report regardless. you start missing payments which

start missing payments, which, , that's going to report regardless. you start missing payments which