Glossary · Doing the deal
In short
A review of public records to identify any existing Uniform Commercial Code (UCC) filings against a business's assets. As a buyer, these searches confirm the seller has clear title to the assets and identify any liens that must be satisfied at closing.
Your SBA lender will conduct UCC searches on the seller's business and its principals to uncover any existing liens on inventory, equipment, or other business assets. All identified UCC liens must be released or subordinated at closing so your SBA lender can take a first lien position on your purchased assets.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
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.
Line up financing while you're under LOI
Tell us the business, the price, and your timeline — we'll match you with lenders who close deals like yours and flag anything that stalls the process.
Free · No documents · Usually same-day