{"ok":true,"canonical_url":"https://dealroom.so/glossary/uniform-commercial-code","api_url":"https://dealroom.so/api/public/glossary/uniform-commercial-code","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":"uniform-commercial-code","term":"Uniform Commercial Code","aka":"UCC","group":"People and paperwork","definition":"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":"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.","url":"https://dealroom.so/glossary/uniform-commercial-code","official_sources":[],"related":[{"slug":"ucc-filing","term":"UCC filing","url":"https://dealroom.so/glossary/ucc-filing"},{"slug":"perfect-lien","term":"Perfect lien","url":"https://dealroom.so/glossary/perfect-lien"},{"slug":"lien","term":"Lien","url":"https://dealroom.so/glossary/lien"},{"slug":"security-interest","term":"Security Interest","url":"https://dealroom.so/glossary/security-interest"}],"related_questions":[{"question":"How does an incorrect NAICS code on SBA Form 1919 impact 7(a) loan eligibility for a borrower?","url":"https://dealroom.so/for-lenders/questions/how-does-an-incorrect-naics-code-on-sba-form-1919-impact-7-a-loan-eligibility-for-a-borrow"},{"question":"How does the SBA determine if a business is considered \"small\" for eligibility based on its NAICS code?","url":"https://dealroom.so/for-lenders/questions/how-does-the-sba-determine-if-a-business-is-considered-small-for-eligibility-based-on-its-"},{"question":"How does the SBA handle a loan where the business assets are mostly intellectual property, such as software code?","url":"https://dealroom.so/sba-7a/questions/how-does-the-sba-handle-a-loan-where-the-business-assets-are-mostly-intellectual-property-"},{"question":"What are the consequences if the NAICS code entered into E-Tran differs from the primary business activity in the loan narrative?","url":"https://dealroom.so/for-lenders/questions/what-are-the-consequences-if-the-naics-code-entered-into-e-tran-differs-from-the-primary-b"},{"question":"What is the specific impact if the NAICS code entered into E-Tran differs from the primary business activity described in the loan narrative?","url":"https://dealroom.so/for-lenders/questions/what-is-the-specific-impact-if-the-naics-code-entered-into-e-tran-differs-from-the-primary"},{"question":"How do SBA 7(a) loan interest rates compare to standard commercial loans?","url":"https://dealroom.so/sba-loans/basics/how-do-sba-7-a-loan-interest-rates-compare-to-standard-commercial-loans"}]},"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 — Uniform Commercial Code","url":"https://dealroom.so/glossary/uniform-commercial-code","source_type":"DealRoom Data"}}