Glossary · People and paperwork
UCC filing(UCC-1 financing statement)
In short
A UCC filing is a legal notice filed by a creditor to publicly declare their security interest in a borrower's personal property, like equipment or inventory. Your SBA lender will file a UCC-1 to perfect their lien on your business assets.
What it means in a deal
The UCC-1 financing statement is filed with the Secretary of State in the relevant jurisdiction. It establishes the lender's lien priority on collateral under the Uniform Commercial Code. Before closing, your lender will conduct a UCC search to ensure no prior claims exist on your business assets.
Official sources
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Related terms
Common questions about UCC filing
- Is a UCC-1 filing sufficient to perfect a lien on business assets?
- If a lender obtains a blanket lien, what are the key UCC filing requirements for interstate operations?
- What if the business assets are located in multiple states, requiring multiple UCC filings?
- How does a recent personal bankruptcy filing affect my eligibility for an SBA 7(a) loan?
- How does the SBA generally treat a 7(a) loan applicant with a prior bankruptcy filing?
- What are the specific requirements for a lender to obtain a valid first lien position on UCC collateral when prior liens exist?
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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