Need completed UCC-1 financing statement example for equipment loan

The debtor name accuracy is absolutely crucial - even minor variations can void your security interest. For equipment financing, your collateral description should be specific enough to identify the equipment but broad enough to cover future additions. Something like 'all machinery, equipment, and fixtures now owned or hereafter acquired' works well for manufacturing setups.

I just went through this exact situation last month. The key is matching the debtor name EXACTLY to their official business registration. I had a filing rejected because I used 'ABC Manufacturing LLC' when their official name was 'ABC Manufacturing, LLC' - that comma made all the difference.

Here's what I include in equipment financing UCC-1s: Full legal debtor name (from SOS records), complete address, and collateral description like 'All equipment, machinery, fixtures, and personal property used in debtor's manufacturing operations, whether now owned or hereafter acquired.' Keep it broad but industry-specific.

UGH the name matching requirements are insane! I had THREE rejections on one filing because the debtor's LLC had multiple variations in different databases. The SOS website showed one version, their bank account had another, and their business license had a third. Took weeks to sort out.

For your $180K equipment loan, make sure you're filing in the correct state - it should be where the debtor is organized, not necessarily where the equipment is located. Also double-check that your secured party information is complete and accurate.

been filing uccs for years and the electronic systems have gotten better but name matching is still a pain point. make sure you have the exact legal entity name from their formation documents, not just what they go by day to day

One thing that helped me was creating a checklist: 1) Verify debtor legal name against SOS records 2) Confirm debtor address matches their principal place of business 3) Write collateral description broadly but specifically for the industry 4) Double-check secured party info 5) Review everything twice before submitting. Haven't had a rejection since I started using this process.

Had a similar equipment financing deal recently. What really helped was doing a preliminary UCC search first to see if there were any existing liens on the equipment. You want to know your lien priority before filing.

The collateral description for equipment can be tricky. Too specific and you might miss something, too broad and it might not be enforceable. For manufacturing equipment I usually go with 'All machinery, equipment, tools, and fixtures now owned or hereafter acquired and used in debtor's manufacturing operations' - gives good coverage without being overly broad.

Update us when you get it filed! Always interested to hear how equipment financings go. The $180K amount suggests this is a substantial piece of machinery - make sure your lien captures any accessories or attachments that might be added later.

As someone new to UCC filings, this thread has been incredibly educational! I'm curious about the timing aspect - how far in advance of funding should the UCC-1 be filed? And is there a grace period if you discover an error after filing, or do you need to file an amendment immediately? The emphasis on name accuracy has me wondering if there are any other common pitfalls that cause rejections beyond the debtor name issues mentioned here.