{"ok":true,"canonical_url":"https://dealroom.so/glossary/ucc-1","api_url":"https://dealroom.so/api/public/glossary/ucc-1","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"ucc-1","term":"UCC-1","aka":"Uniform Commercial Code financing statement","group":"People and paperwork","definition":"A UCC-1, or Uniform Commercial Code financing statement, is a public notice filed by a lender to establish their legal claim on specific collateral. This filing ensures the lender has priority over other creditors if the borrower defaults.","what_it_means":"Your SBA lender will file a UCC-1 statement to perfect their lien on the business's assets, including accounts receivable, inventory, and equipment. This ensures their security interest is publicly recorded and takes priority over subsequent claims. You should conduct a UCC search during due diligence to identify existing liens on the seller's assets.","url":"https://dealroom.so/glossary/ucc-1","official_sources":[],"related":[{"slug":"ucc-lien","term":"UCC lien","url":"https://dealroom.so/glossary/ucc-lien"},{"slug":"perfect-lien","term":"Perfect lien","url":"https://dealroom.so/glossary/perfect-lien"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"lien-search","term":"Lien Search","url":"https://dealroom.so/glossary/lien-search"}],"related_questions":[{"question":"Is a UCC-1 filing sufficient to perfect a lien on business assets?","url":"https://dealroom.so/for-lenders/questions/is-a-ucc-1-filing-sufficient-to-perfect-a-lien-on-business-assets"},{"question":"How does the SBA define an \"associate\" for affiliation purposes under 13 CFR 121?","url":"https://dealroom.so/for-lenders/questions/how-does-the-sba-define-an-associate-for-affiliation-purposes-under-13-cfr-121"},{"question":"Can an SBA 7(a) loan finance 100% of the goodwill in a $1,500,000 business acquisition?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-finance-100-of-the-goodwill-in-a-1-500-000-business-acquisition"},{"question":"What if the business assets are located in multiple states, requiring multiple UCC filings?","url":"https://dealroom.so/for-lenders/questions/what-if-the-business-assets-are-located-in-multiple-states-requiring-multiple-ucc-filings"},{"question":"How does SBA define an 'associate' for affiliation purposes under 13 CFR 121, impacting size determination?","url":"https://dealroom.so/for-lenders/questions/how-does-sba-define-an-associate-for-affiliation-purposes-under-13-cfr-121-impacting-size-"},{"question":"How does the SBA define an 'associate' for affiliation purposes under 13 CFR 121, beyond direct ownership?","url":"https://dealroom.so/for-lenders/questions/how-does-the-sba-define-an-associate-for-affiliation-purposes-under-13-cfr-121-beyond-dire"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — UCC-1","url":"https://dealroom.so/glossary/ucc-1","source_type":"DealRoom Data"}}