Glossary · Doing the deal
In short
These are public notices filed by lenders to claim a security interest in a borrower's assets, like equipment or inventory. As a buyer, you need to ensure the seller's UCC-1s are released at closing.
During due diligence, a lien search will reveal any existing UCC-1 filings against the business's assets. Your lender will require these to be terminated at closing so they can establish a first lien position on all business assets as collateral for your SBA loan.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
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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