Download Our Free eBook: What Your Small Business Needs to Know About UCC Liens

Meredith Wood

Meredith Wood

Editor-in-Chief at Fundera
Meredith Wood is the editor-in-chief at Fundera. She has specialized in financial advice for small business owners for almost a decade, and is sought out frequently for her expertise in small business lending. Meredith’s advice has appeared in the SBA, SCORE, Yahoo!, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, and more.
Meredith Wood

If you have ever applied for a business loan, you may be shocked to learn that there could be a lien filed against your business or certain business assets right now.

That statement isn’t meant to terrify you, only to make you aware of a situation that too few small business owners realize they may face.

It may sound unbelievable, but it’s a true. A bank or finance company just might have a form filed with your state’s authorities declaring their right to your office, warehouse, property, equipment or other business assets should you ever default on a loan or declare bankruptcy.

This form is called a UCC-1 form and our guide will explain to you why you may have a lien filed against your business right now, who might have filed that lien, and how to find out if any such liens exist. 

Download your free eBook here.

 

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Editorial Note: Fundera exists to help you make better business decisions. That’s why we make sure our editorial integrity isn’t influenced by our own business. The opinions, analyses, reviews, or recommendations in this article are those of our editorial team alone. They haven’t been reviewed, approved, or otherwise endorsed by any of the companies mentioned above. Learn more about our editorial process and how we make money here.
Meredith Wood

Meredith Wood

Editor-in-Chief at Fundera
Meredith Wood is the editor-in-chief at Fundera. She has specialized in financial advice for small business owners for almost a decade, and is sought out frequently for her expertise in small business lending. Meredith’s advice has appeared in the SBA, SCORE, Yahoo!, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, and more.
Meredith Wood

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