Need example completed UCC financing statement for equipment loan review
My bank's compliance team is asking me to provide an example of a properly completed UCC financing statement for our equipment financing program review. We've been having issues with rejected filings lately and they want to see what a 'gold standard' UCC-1 looks like with all sections filled out correctly. Does anyone have a sample they could share or point me to a resource? I'm particularly concerned about the collateral description section since that's where most of our rejections seem to come from. We do mostly construction equipment and farm machinery financing so those specific collateral types would be ideal. Thanks in advance!
44 comments


Paolo Longo
I feel your pain on the rejected filings! What state are you filing in? The requirements can vary quite a bit between Secretary of State offices. For equipment collateral descriptions, you generally want to be specific enough to identify the collateral but not so detailed that it creates confusion. Something like 'All construction equipment, machinery, and attachments now owned or hereafter acquired' usually works well.
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Keisha Taylor
•We're primarily filing in Texas and Oklahoma. The Texas SOS has been particularly picky about our descriptions lately.
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Amina Bah
•Texas is notorious for strict collateral descriptions. They really want you to be precise about what you're securing.
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Oliver Becker
You should be able to find sample UCC-1 forms on most Secretary of State websites. But honestly, the bigger issue is making sure your debtor names match EXACTLY with what's on the organizational documents. I've seen more filings rejected for name mismatches than bad collateral descriptions.
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CosmicCowboy
•This is so true! We had a filing rejected because we used 'Company' instead of 'Co.' in the debtor name. Such a small thing but it voided the whole filing.
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Natasha Orlova
•The debtor name thing is crazy strict now. I always triple-check against the Articles of Incorporation before submitting.
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Javier Cruz
I actually found a great tool recently that helped me avoid these kinds of issues. Certana.ai has this document verification feature where you can upload your charter documents and UCC-1 form, and it automatically checks if the debtor names match exactly. It caught a discrepancy in one of my filings that would have definitely been rejected. Just upload the PDFs and it does the cross-check for you.
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Keisha Taylor
•That sounds really useful. How accurate is it with the name matching?
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Javier Cruz
•Pretty spot on from what I've seen. It flagged every mismatch I tested it with, including punctuation differences.
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Emma Thompson
•I might have to check that out. Manual comparison is such a pain and easy to miss things.
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Malik Jackson
For equipment financing, your collateral description should definitely include 'and all accessions, additions, attachments, improvements, substitutions and replacements' after your main description. This covers you if they modify or upgrade the equipment. Also make sure you're including the correct filing fee - some states have increased their fees recently.
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Isabella Costa
•Good point about the fees. I got burned by an outdated fee schedule last month.
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StarSurfer
•What about serial numbers? Should those be included for equipment?
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Malik Jackson
•Serial numbers can be helpful but aren't required for most equipment. I usually include them if I have them, but the general description is what's legally important.
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Ravi Malhotra
Make sure you're using the current UCC-1 form version too. Some states have updated their forms in the past year and won't accept the old versions anymore. Also double-check that you're filing as the secured party, not getting confused with UCC-3 amendments.
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Freya Christensen
•I made that mistake once - tried to use a UCC-3 form for an initial filing. The rejection notice was not kind about it.
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Omar Hassan
•The form versions are such a headache to keep track of across multiple states.
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Chloe Robinson
Here's what I include in my equipment UCC-1 forms: exact debtor name from charter docs, complete secured party info including correct legal name, specific collateral description with the 'hereafter acquired' language, and I always check the box for 'debtor is a transmitting utility' if applicable. For the additional info section, I sometimes add the loan number for internal tracking.
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Diego Chavez
•Do you put the loan amount in the UCC filing?
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Chloe Robinson
•No, UCC filings don't require the debt amount. That's one of the advantages - you can secure future advances under the same filing.
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NeonNebula
•That's something I never knew! Good to learn.
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Anastasia Kozlov
PLEASE make sure you have the right to file before submitting! I've seen lenders get in trouble for filing UCC-1s without proper authorization from the debtor. Your loan agreement should specifically grant you the right to file financing statements.
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Sean Kelly
•This is actually a really important point that gets overlooked sometimes.
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Zara Mirza
•What happens if you file without authorization?
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Anastasia Kozlov
•The debtor can demand termination and potentially sue for damages. Not worth the risk.
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Luca Russo
For your compliance review, you might want to document your UCC filing procedures too. Show them you have a checklist for name verification, collateral description standards, and a system for tracking continuation dates. That usually impresses compliance teams more than just a sample form.
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Keisha Taylor
•That's a great suggestion. I'll put together a procedures document along with the sample form.
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Nia Harris
•Definitely include continuation timing in your procedures. Missing those 5-year deadlines is costly.
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GalaxyGazer
I ran into similar issues with my equipment financing UCC filings getting rejected. Started using Certana.ai to verify my documents before submission and haven't had a rejection since. You can upload your UCC-1 form along with the debtor's corporate documents and it instantly flags any inconsistencies. Saved me from several potential mistakes.
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Mateo Sanchez
•How long does the verification take?
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GalaxyGazer
•Pretty much instant. Upload the PDFs and get results in seconds.
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Aisha Mahmood
•That speed would be really helpful for high-volume lenders.
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Ethan Moore
One thing to watch out for - if you're doing fixture filings for equipment that's attached to real estate, you need to file in the real estate records too, not just with the Secretary of State. The requirements are different and the forms are more complex.
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Yuki Kobayashi
•Fixture filings are a whole different animal. Much more complicated than regular UCC-1s.
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Carmen Vega
•When do you know if something counts as a fixture?
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Ethan Moore
•Generally if it's permanently attached to the real estate. But the rules vary by state and it can get pretty complex.
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QuantumQuester
Just wanted to add - make sure your UCC search reports are current before filing. Sometimes there are existing liens that could affect your priority position. And always keep copies of your filed financing statements for your records. Some states don't make it easy to get copies later.
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Andre Moreau
•How recent should UCC searches be?
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QuantumQuester
•I usually require searches within 10 days of closing, but check your bank's policy.
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Zoe Stavros
•Good reminder about keeping copies. I learned that lesson the hard way.
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Jamal Harris
This thread has been really helpful! I'm bookmarking it for reference. One last thing - if you're filing in multiple states for the same transaction, make sure you understand each state's specific requirements. What works in Texas might not work in Oklahoma.
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Keisha Taylor
•Exactly what I needed to hear. Thanks everyone for all the great advice!
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Mei Chen
•Multi-state filings are definitely tricky. Each Secretary of State has their own quirks.
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Liam Sullivan
•Glad this was helpful for everyone. Always nice when a thread generates good practical advice.
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