Glossary · People and paperwork
In short
This state-level office is responsible for registering businesses, processing UCC filings, and maintaining public records related to corporations and other entities. It's a key touchpoint for legal entity verification.
Lenders will perform searches with the Secretary of State to verify the legal existence and good standing of the seller's business and to conduct UCC lien searches. As a buyer, you should also confirm the seller's entity status and ensure all necessary filings are up to date before closing. This office also registers your new business entity.
Defined by DealRoom.so 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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Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
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