Glossary · People and paperwork
Uniform Commercial Code(UCC)
In short
The Uniform Commercial Code is a set of standardized laws governing commercial transactions, including secured transactions, across U.S. states. It provides the legal framework for how your SBA lender establishes and perfects their lien on business assets.
What it means in a deal
The UCC ensures consistency in commercial law, particularly regarding security interests and collateral. Your loan documents and the process of perfecting liens (e.g., via UCC filings) are guided by UCC provisions. Understanding the UCC helps clarify the legal standing of your lender's claims.
Related terms
Common questions about Uniform Commercial Code
- How does an incorrect NAICS code on SBA Form 1919 impact 7(a) loan eligibility for a borrower?
- How does the SBA determine if a business is considered "small" for eligibility based on its NAICS code?
- How does the SBA handle a loan where the business assets are mostly intellectual property, such as software code?
- What are the consequences if the NAICS code entered into E-Tran differs from the primary business activity in the loan narrative?
- What is the specific impact if the NAICS code entered into E-Tran differs from the primary business activity described in the loan narrative?
- How do SBA 7(a) loan interest rates compare to standard commercial loans?
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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