UCC-1

A public filing that puts creditors on notice of a security interest in listed collateral.

Why it matters

A filed UCC-1 creates a public lien on the business receivables. Other lenders may require a subordination or payoff before extending credit.

Related terms

Related article: UCC filing in factoring

Related reading

Sources

  • Uniform Commercial Code Article 9 - Uniform Law Commission. Accessed 2026-05-19. Reference for secured transactions concepts including receivables and filings.
  • Secured Finance Network - Secured Finance Network. Accessed 2026-05-19. Industry education source for secured finance and asset-based lending context.
Financial disclaimer. This page is educational only and is not financial, legal, tax, accounting, or credit advice. Factoring terms vary by provider and contract. Read the full disclaimer.