{"ok":true,"canonical_url":"https://dealroom.so/glossary/ucc-financing-statement","api_url":"https://dealroom.so/api/public/glossary/ucc-financing-statement","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-financing-statement","term":"UCC Financing Statement","group":"People and paperwork","definition":"Also known as a UCC-1, this is a public notice filed by a lender to establish its legal claim (lien) on a borrower's assets used as collateral. It alerts other creditors that specific assets are already pledged.","what_it_means":"Your SBA 7(a) lender will file a UCC-1 to perfect their lien on your business's assets, giving them priority if you default. As a buyer, you must perform a UCC search during due diligence to identify any existing liens on the seller's assets, ensuring they are cleared before closing to give your lender a first lien position.","url":"https://dealroom.so/glossary/ucc-financing-statement","official_sources":[],"related":[{"slug":"ucc-1","term":"UCC-1","url":"https://dealroom.so/glossary/ucc-1"},{"slug":"ucc-filing","term":"UCC filing","url":"https://dealroom.so/glossary/ucc-filing"},{"slug":"lien","term":"Lien","url":"https://dealroom.so/glossary/lien"},{"slug":"perfect-lien","term":"Perfect lien","url":"https://dealroom.so/glossary/perfect-lien"}],"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":"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":"What if my personal financial statement shows low liquid assets?","url":"https://dealroom.so/sba-loans/basics/what-if-my-personal-financial-statement-shows-low-liquid-assets"},{"question":"If a lender obtains a blanket lien, what are the key UCC filing requirements for interstate operations?","url":"https://dealroom.so/for-lenders/questions/if-a-lender-obtains-a-blanket-lien-what-are-the-key-ucc-filing-requirements-for-interstate"},{"question":"How important is my personal financial statement for an SBA 7(a) loan application?","url":"https://dealroom.so/sba-7a/questions/how-important-is-my-personal-financial-statement-for-an-sba-7-a-loan-application"},{"question":"What are the specific requirements for a lender to obtain a valid first lien position on UCC collateral when prior liens exist?","url":"https://dealroom.so/for-lenders/questions/what-are-the-specific-requirements-for-a-lender-to-obtain-a-valid-first-lien-position-on-u"}]},"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 Financing Statement","url":"https://dealroom.so/glossary/ucc-financing-statement","source_type":"DealRoom Data"}}