Glossary · People and paperwork
In short
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.
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.
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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