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What is a UCC filing, and do I need one?

What is a UCC filing system and why do you need to implement UCC filing in your business? Viva Capital has all the answers below! What is a UCC? A UCC filing or lien is a legal form that creditors or lenders file with the secretary of state in a business’s home state. It’s typically done when the business secures a loan or line of credit. Types of UCCs There are two main types of UCC liens: specific collateral liens and blanket liens. blanket ucc filing Who uses UCC filings? If you are considering extending a business credit, you will usually check to see if any UCC filings already exist for the business and asset in question. Do you need a UCC filing system? You need a UCC filing system if you're applying for any kind of business credit. Now that you know what’s UCC filing, you might need some funding. Get immediate cash with Viva Capital if you are trying to avoid a loan or don’t qualify for credit. Contact Viva Capital for more info on a UCC filing system!