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UCC filings are common among lenders, especially when providing small business loans. The good news is that having a UCC lien is unlikely to affect your business unless you cant make your payments or try to get additional financing using the same assets as collateral or if you default on the loan.
Why would someone file an UCC?
The Uniform Commercial Code (UCC) is a set of regulations adopted to make commerce from state to state easier. It provides a standardized legal framework for the sale of goods, commercial paper, secured transactions, and other business transactions.
Is a UCC filing good or bad?
What Are the Benefits of Filing a Uniform Commercial Code-1 (UCC-1) Statement? Filing a UCC-1 allows creditors to collateralize their loans by utilizing the personal property assets of their customers.
What is a UCC 11 used for?
The UCC-11 information request is the method for getting official search results of the UCC records in Wisconsin. If you need official search results (either Certified or not) for any purpose, you will need to complete a UCC-11 request.
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UCC Forms - Division of Corporations - State of Delaware
Effective July 1, 2001, the National Standard Form will be the only UCC form acceptable. The following forms are PDF files which require Acrobat Reader to
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