Glossary · People and paperwork
Article 9 of the Uniform Commercial Code
In short
This is a set of laws governing secured transactions, specifically how lenders can take a security interest in personal property and fixtures. It dictates how liens are created, perfected, and enforced.
What it means in a deal
Article 9 is the legal framework that allows your SBA 7(a) lender to secure the loan with business assets. It defines the process for filing a UCC Financing Statement to establish lien priority. Understanding Article 9's principles is key to comprehending the security interests your lender will require.
Related terms
Common questions about Article 9 of the Uniform Commercial Code
- How does the SBA handle a loan where the business assets are mostly intellectual property, such as software code?
- Can an SBA 7(a) loan finance the purchase of a commercial building for my business?
- How does the SBA determine if a business is considered "small" for eligibility based on its NAICS code?
- Can the value of my owner-occupied commercial real estate serve as collateral for an acquisition loan?
- What are the consequences if the NAICS code entered into E-Tran differs from the primary business activity in the loan narrative?
- Can an SBA 7(a) loan finance the cost of purchasing a commercial vehicle fleet as part of a business acquisition?
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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