Glossary · People and paperwork
In short
A UCC filing is a legal notice filed by a creditor to publicly declare their security interest in a borrower's personal property, like equipment or inventory. Your SBA lender will file a UCC-1 to perfect their lien on your business assets.
The UCC-1 financing statement is filed with the Secretary of State in the relevant jurisdiction. It establishes the lender's lien priority on collateral under the Uniform Commercial Code. Before closing, your lender will conduct a UCC search to ensure no prior claims exist on your business assets.
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.
Know what you'll need before you apply
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.
Free · No documents · Usually same-day