Your UCC record in Minnesota
Funders file a UCC-1 financing statement with the Minnesota Secretary of State UCC / Tax Liens Online 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 does not read the Minnesota registry yet, so your report will not list Minnesota filings. The Debt Check still measures your remittance ratio, stacking and tier from your own answers.
Commercial financing disclosure in Minnesota
Levraq has not recorded a Minnesota statute requiring commercial financing providers to disclose cost and terms. Ask a lawyer licensed in Minnesota whether one applies to your contract.
Confession of judgment in Minnesota
Levraq has not recorded a Minnesota statute on confessions of judgment in commercial contracts. Whether a confession of judgment in an MCA contract can be entered against a Minnesota 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 Minnesota business
