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UCC lien filing, if applicable: ... SBA Form 1920. SBA Form 1919 (borrower’s personal information) SBA Form 413 (borrower’s personal finance statement)
A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).
Some lenders require a Uniform Commercial Code (UCC) lien filing to formalize their right to your collateral if you default. The lender should generate this as a part of your loan’s closing ...
The most common method of perfection is through filing a financing statement (often referred to by its form number: UCC-1) in the appropriate state office (usually the office of the Secretary of State) in the U.S. state in which the debtor is located. See U.C.C. §§ 9-301, 9-310.
The official 2007 edition of the UCC. The Uniform Commercial Code (UCC), first published in 1952, is one of a number of uniform acts that have been established as law with the goal of harmonizing the laws of sales and other commercial transactions across the United States through UCC adoption by all 50 states, the District of Columbia, and the Territories of the United States.
A UCC lien is a claim against your company’s assets. If your company fails to pay the loan, the lender will come after these assets to recover its losses. Types of unsecured business loans
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