UCC filing

A UCC filing is an official notice made with the government to show that a lender has a legal claim, or security interest, in a borrower's personal property, like equipment or inventory, to secure a loan or credit. This filing helps protect the lender by publicly recording their interest, making it clear to others that the property is pledged as collateral. If the borrower defaults, the lender can use this claim to recover the owed money. UCC filings are common in commercial lending and are important for establishing priorities among creditors.