Your UCC record in Utah
Funders file a UCC-1 financing statement with the Utah Division of Corporations and Commercial Code UCC Search 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 Utah registry yet, so your report will not list Utah filings. The Debt Check still measures your remittance ratio, stacking and tier from your own answers.
Commercial financing disclosure in Utah
Utah Code Title 7, Chapter 27, Commercial Financing Registration and Disclosure Act, effective 2022-05-04, with registration required from 2023-01-01: A provider of commercial financing, including purchases of future receipts (how the statute classifies MCAs), must register annually with the Department of Financial Institutions and disclose before consummation the total funds provided, funds disbursed, total to be paid, total dollar cost, payment manner, frequency and amount, and prepayment costs or discounts. Threshold stated in the statute: transactions over $1,000,000 are exempt (§7-27-102(11)). Source, checked 2026-11-04.
Confession of judgment in Utah
Levraq has not recorded a Utah statute on confessions of judgment in commercial contracts. Whether a confession of judgment in an MCA contract can be entered against a Utah 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 Utah business
