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Alternative Financing

Shela Heramis

August 26, 2025

August 29, 2025

6 Minutes Read

What are the common ineligibilities or red flags related to "NGS" status for lender?

For Illinois-based companies, encountering a "Not Good Standing (NGS)" status is a significant red flag that demands immediate attention and a clear understanding of its implications.

Alternative Financing

Shela Heramis

August 26, 2025

August 27, 2025

6 Minutes Read

Why is your business currently listed as Not Good Standing (NGS) with the Illinois Secretary of State?

In Illinois, a business listed as "Not Good Standing (NGS)" means that it "is currently operational but has not met certain state requirements, such as filing deadlines or fee payments, and is at risk of further penalties or dissolution if not rectified".

Alternative Financing

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

News

Shela Heramis

August 19, 2025

6 Minutes Reas

Payday Ponzi CEO Gets 7 Years For $66M Theft

FBI, SEC, and Florida Office of Financial Regulation Increased Scrutiny

News

Shela Heramis

August 19, 2025

August 16, 2025

9 Minutes Read

Madison Realty Capital $585M Foreclosure Battle

RICO Allegations Expose Construction Lending Liability Risks

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