UCC filings are a common practice lenders use to secure a business loan, but it’s important you understand how they work and their repercussions. Many, or all, of the products featured on this page ...
UCC-1 Financing Statements, commonly referred to as simply UCC-1 filings, are used by lenders to announce their rights to collateral or liens on secured loans. They're usually filed by lenders with ...
As a small-business owner, obtaining capital to build your business is a top priority. But when you get a loan, you may notice something new on your credit reports in addition to the credit account: a ...
It’s a new year, and state legislatures around the country are beginning new legislative sessions. We expect to see more of them enacting Article 12 of the Uniform Commercial Code (UCC), which is ...
August 30, 2025 @ 5:06 pm By Joshua Ashley Klayman, Danelle Le Cren, John Hwang, Michael Bassett, Philip Lee and Jessica Blatz Imagine this: A lender, confident in its documentation, makes a secured ...
The Uniform Commercial Code sets the standards of good faith in a commercial transaction for the sale of goods. With every sales contract, there is an implied obligation for both the seller and the ...
Proper attention to the unsexy “Uniform” Commercial Code financing statement may well be the single most consequential checklist item in a secured bond financing from the perspective of bondholder ...
The Uniform Commercial Code (“UCC”) is a comprehensive set of laws governing commercial transactions. It was designed and drafted with the aim of standardizing, harmonizing, and simplifying the laws ...
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