Asked by: Benton Aronov,Aaronbusiness and finance bankruptcy
What is a UCC search?
Last Updated: 22nd May, 2021
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Subsequently, one may also ask, what does UCC stand for?
Uniform Commercial Code
Beside above, how do I check my UCC filings? Scroll down to "Find Your Secretary of State" andenter the name of the state. Enter yourinformation. The type of information you can use tosearch UCC filings varies among states. In some states, youcan only search using the financial statement numberor the name of the debtor.
Considering this, are UCC filings bad?
No, not really. UCCfilings don't typically affect your trucking company's creditscore or normal business operations. However, if your truckingcompany has a blanket filing in place, it can make itdifficult to get additional financing for equipment, or traditionalbusiness loans.
What is a UCC filing on a business?
A UCC filing on your business is usuallymade to create a lien against property used as collateral.Typically, a UCC filing is required in order to secureprivate financing. Protecting Transactions Across State Lines.Generally, commercial transactions occur across statelines.