The Uniform Commercial Code is an open record that keeps track of all business credit obligations. Lenders submit a UCC Filing each time they provide funding to a new business. The UCC Filings indicate the details of the loan.
UCC Filings come in many varieties, from Liens to Tax Restrictions and Tax Liens. UCC Filings are given an order of priority based on the age of the filing and the supremacy of the organization. An IRS Tax Lien is the highest ranked kind of UCC Filing. Learn more about this and other important business financing terms in the Business Finance Glossary.
The Biz2Credit Business Finance Glossary: this free resource from Biz2Credit has all the information on key financial terms you need to know for your small business. Browse through all of the most important concepts you need to know when running your own business, all in one place. Discover more business finance terms at
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