What is the significance of the 'tional' column in the UCC-1 form for Aunt Millies Bakeries?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
| Exhibit A - State Regulators; Agents for Service | |
|---|---|
| of Process | |
| Exhibit B-Financing Documents from First Capital | |
| Acceptance Corp. | |
| (1)(a) | Promissory Note |
| (b) | Disbursement Authorization |
| (2) | Financing Security Agreement |
| (3) | UCC-1 (Representative Sample) |
| (4) | Purchase of Receivables |
| Exhibit C - Form of Distribution Agreement | |
| Exhibit D - Bill of Sale |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
Based on the 2025 FDD, the excerpts provided do not contain information about a 'tional' column in the UCC-1 form for Aunt Millies Bakeries. The excerpts do mention UCC-1 forms in the context of financing and security agreements. Specifically, Exhibit B lists 'UCC-1 (Representative Sample)' as a financing document from First Capital Acceptance Corp., and Exhibit H also includes 'UCC-1 (Representative Sample)' related to DSA Financing Documents.
However, the documents do not elaborate on the specific fields or columns within the UCC-1 form itself. The UCC-1 form is generally used to create a public record of a lender's security interest in the assets of a borrower. In the context of an Aunt Millies Bakeries franchise, this could relate to the financing of the distributorship itself, including equipment or receivables.
To understand the significance of any specific columns, such as a 'tional' column, a prospective franchisee should request a copy of the actual UCC-1 form used by Aunt Millies Bakeries and consult with a legal or financial advisor. This will help them understand the implications of the security interest being granted and the specific details captured in the UCC-1 filing.