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Shela Heramis

August 26, 2025

6 Minutes Read

What does an "NGS" status mean for Illinois businesses and how does it differ from active status?

An NGS status is a flashing yellow light, demanding a deeper dive than a straightforward 'Active' designation. Let's unpick what these mean for businesses in the Prairie State and, crucially, for your lending decisions.

Alternative Financing

Shela Heramis

August 26, 2025

August 25, 2025

6 Minutes Read

What are common reasons a business becomes admin dissolved in NC?

In North Carolina, when an entity enters "Admin. Dissolved" status, it has progressed through the administrative dissolution process "without filing the required filings and a Certificate of Administrative Dissolution was issued".

Alternative Financing

Shela Heramis

August 24, 2025

August 19, 2025

4 Minutes Read

How does ‘Pending Inactive’ differ from ‘Inactive’ for Virginia entities?

Within the Commonwealth of Virginia, two distinct, yet often conflated, business statuses — 'Pending Inactive' and 'Inactive' — carry profoundly different implications for risk and operational viability.

Alternative Financing

Shela Heramis

August 24, 2025

August 18, 2025

6 Minutes Read

What exactly does "Pending Inactive" status mean for my Virginia business?

When the Virginia State Corporation Commission (SCC) assigns a "Pending Inactive" status to a business entity, it's a clear signal that the business is on the precipice of losing its "Active" status. It indicates that the entity is in the process of becoming inactive.

Alternative Financing

Shela Heramis

August 22, 2025

August 15, 2025

6 Minutes Read

What platforms offer real-time UCC updates across multiple states?

Real-Time Multi-State UCC Updates for Enhanced Risk Visibility

Alternative Financing

Shela Heramis

August 21, 2025

August 20, 2025

6 Minutes Read

What does "admin dissolved" mean in North Carolina?

Unpacking "Administratively Dissolved" in North Carolina

Alternative Financing

Shela Heramis

August 14, 2025

4 Minutes Read

H.I.G. WhiteHorse $5.9B Fund Launch

$30-100M EBITDA Lending Competition Heats Up

Alternative Financing

Shela Heramis

August 12, 2025

August 14, 2025

6 Minutes Read

Are there risks involved if my Virginia business remains in Pending Inactive status?

While a business with "Pending Inactive" status in Virginia may technically still be operating during this transitional period, this status flags an imminent loss of good standing and legal authority if the underlying issues are not swiftly addressed.

Alternative Financing

Shela Heramis

August 12, 2025

August 13, 2025

6 Minutes Read

Can a business with Pending Inactive status still operate legally in Virginia?

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