UCC-1 Financing Statement
A UCC-1 is the public filing a secured lender makes to perfect its security interest in a borrower’s collateral.
A UCC-1 financing statement is filed by a secured party — typically with the debtor’s state filing office — to give public notice of a security interest in a business borrower’s collateral. It identifies the debtor, the secured party, and the collateral covered.
Filing a UCC-1 is how a lender perfects its interest: it establishes priority against other creditors and puts the world on notice that the collateral is already encumbered. A UCC-1 is generally effective for five years unless continued.
Why it matters for lenders
A new UCC-1 on a business you’ve already funded usually means it took on additional secured financing. For a lender watching its portfolio, that filing is often the earliest sign of stacking or a changed collateral position.
Related terms
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