Your UCC record in Texas
Funders file a UCC-1 financing statement with the Texas Secretary of State SOSDirect UCC 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 Texas registry yet, so your report will not list Texas filings. The Debt Check still measures your remittance ratio, stacking and tier from your own answers.
Commercial financing disclosure in Texas
Texas Finance Code Chapter 398, Commercial Sales-Based Financing (HB 700, 2025), effective 2025-09-01, with provider and broker registration required by 2026-12-31: A provider extending a specific offer of commercial sales-based financing must disclose the total financing amount, disbursement amount, finance charge, total repayment amount, estimated repayment period, payment amounts and frequency, other fees, early-payoff charges, collateral and any broker compensation, and obtain the recipient's signature before finalizing. Threshold stated in the statute: specific offers of less than $1,000,000 (§398.051(a)). Source, checked 2026-11-04.
Confession of judgment in Texas
Texas Civil Practice and Remedies Code §30.001: in an instrument executed before suit is brought, a person may not accept service and waive process, enter an appearance or confess a judgment, so a pre-dispute confession clause is ineffective. Source, checked 2026-11-04.
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 Texas business
