Glossary · Doing the deal
In short
This is a public notice filed by a lender to claim a security interest in a borrower's assets. As a buyer, you need to ensure the seller's existing UCC-1s are released or properly addressed at closing.
Your lender will file a UCC-1 to perfect their lien on the business assets you're acquiring, ensuring they're first in line if something goes wrong. A lien search during due diligence reveals any existing UCC-1s against the seller's assets. You'll need to confirm these are either satisfied or assigned to your lender, or that your lender will secure a first lien position.
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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