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  2. UCC-1 financing statement - Wikipedia

    en.wikipedia.org/wiki/UCC-1_financing_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).

  3. Secured transactions in the United States - Wikipedia

    en.wikipedia.org/wiki/Secured_transactions_in...

    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.

  4. Uniform Commercial Code - Wikipedia

    en.wikipedia.org/wiki/Uniform_Commercial_Code

    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.

  5. What is an unsecured business loan and how does it work? - AOL

    www.aol.com/finance/unsecured-business-loan-does...

    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

  6. What documents are required for a business line of credit? - AOL

    www.aol.com/finance/documents-required-business...

    Bankrate insight. According to the SBA weekly lending report, so far in 2023, most SBA CAPLines have loan amounts between $350,000 and $500,000 (14.3 percent) and $500,000 and $2 million (54.5 ...

  7. How to get a small business loan without collateral

    www.aol.com/finance/small-business-loan-without...

    Bankrate insight. As of March 2024, for fiscal year 2024, 29.9 percent of 7(a) loans were approved for $50,000 and under. New businesses with under two years of experience made up just 18 percent ...

  8. UCC Insurance - Wikipedia

    en.wikipedia.org/wiki/UCC_Insurance

    In addition to the basic lien-priority coverage, UCC insurance covers many of the risks associated with the perfection of a security interest through the central filing system, such as the authorized execution of the lien-granting document by the debtor, misindexed filings, unauthorized termination statements filed against the record, the ...

  9. Security agreement - Wikipedia

    en.wikipedia.org/wiki/Security_agreement

    The document used by lenders to obtain a lien on real property is a mortgage or deed of trust. The security agreement sets out the various rights the grantee will have with respect to the collateral, which are in addition to all other rights which the lender may have by law, such as those rights contained in Article 9 of the Uniform Commercial ...

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