Your UCC record in Connecticut
Funders file a UCC-1 financing statement with the Connecticut Secretary of the State UCC (business.ct.gov) to put other creditors on notice. Search it by your exact legal business name. Lien position: a UCC filing names a secured party, not who gets paid first.
Levraq reads this registry: 984 filings naming a known MCA funder are on record, last read 2026-11-04. This is one state's registry, not national coverage. A matching filing shows on your Debt Pressure Report; no match is not proof that nothing was filed.
Commercial financing disclosure in Connecticut
Connecticut General Statutes §§36a-861 to 36a-872 (Public Act 23-201), effective 2024-07-01: A provider must register with the Banking Commissioner and, when extending a specific offer of sales-based financing, disclose in the Commissioner's format the total financing amount, disbursement amount, finance charge, total repayment amount, estimated repayment period, payment amounts, other fees and prepayment charges. Threshold stated in the statute: covers sales-based financing of $250,000 or less (§36a-861(1)). Source, checked 2026-11-04.
Confession of judgment in Connecticut
Levraq has not recorded a Connecticut statute on confessions of judgment in commercial contracts. Whether a confession of judgment in an MCA contract can be entered against a Connecticut business is a question for a lawyer licensed there.
Work the numbers
Two calculators that need nothing from any registry: the annualized cost of an advance, and the share of revenue going to remittances. The Debt Check combines both with what you report.
Total payback
$67,500
Advance × factor rate
Cost of the advance
$17,500
Payback minus advance
Simple annualized rate
71%
Cost ÷ advance × 365 ÷ term days. Not a compounded APR; the true cost of a daily-remittance advance is higher because the balance falls while the fee does not.
Average daily payment
$375
Payback ÷ term days
Monthly remittance
$9,450
Daily × 21 business days
Remittance-to-revenue
24%
Between 10% and 25%: Strained in the Debt Check rule.
Paid to advances per year
$113,400
At today's pace
UCC coverage is five states (CT, CO, OR, FL, CA) plus SEC filers; no match is not proof of no filing. Informational only, not legal or financial advice. Levraq is a diagnostic and referral service, not a lender, law firm or debt-settlement company. See about.
Run the Debt Check for a Connecticut business
