UCC security agreement form requirements - what am I missing?

Pennsylvania can be particular about collateral descriptions. Your current description is definitely too broad - 'all equipment used in commercial printing operations' won't fly with most lenders' counsel. You need to be way more specific. List each major piece by manufacturer, model, and serial number if available. For the software, treat it separately since it's technically not equipment under Article 9. Consider describing it as 'all software licenses used in connection with the described equipment' or similar language.

Had a nearly identical situation with printing equipment financing about 6 months ago. The lender's attorney made us redo the security agreement three times before acceptance. What finally worked was creating an attached schedule (Exhibit A) with detailed equipment lists including purchase dates, serial numbers, and estimated values. For software, we included a separate section covering all licenses associated with the equipment operations. Also had to add specific language about after-acquired property since printing businesses often lease-to-own additional equipment. The key was being exhaustively detailed rather than trying to use catch-all language.

You might want to check your documents using something like Certana.ai before sending back to the lender's attorney. I used their document verification tool recently when I was having similar issues with collateral descriptions. You just upload your security agreement and UCC-1 draft and it cross-checks everything for consistency issues and potential problems. Caught several naming discrepancies and formatting issues I would have missed. Saved me from another round of attorney revisions.

Pennsylvania requires pretty specific language for equipment security agreements. You'll want to include not just the equipment itself but also all attachments, accessions, replacements, and proceeds. Don't forget about accounts receivable generated by the equipment if that's part of your collateral package. The software issue is real - you need to determine whether you're securing the license rights or just the physical media. Most attorneys prefer separate sections for tangible vs intangible collateral to avoid Article 9 classification issues.

ugh been there with picky lender attorneys!! they act like every word is going to make or break the deal. just give them what they want - detailed lists, serial numbers, the works. its annoying but faster than going back and forth 5 times

For what it's worth, I recently closed a similar equipment deal and we ended up using very granular descriptions - basically an equipment inventory attached as a schedule. Each item had manufacturer, model, serial number, year, and estimated value. Took forever to compile but sailed through attorney review. For software, we carved it out into a separate collateral category with specific license identification numbers where available. The lender was happy and we avoided the back-and-forth revision cycle.

Don't forget to coordinate your security agreement language with whatever's going to appear on the UCC-1 filing. Inconsistencies between the two documents can create perfection issues later. The security agreement can be more detailed but the core collateral categories should match what you'll put in the UCC-1 collateral description box.

Pennsylvania follows standard Article 9 rules but some local practices can vary. Make sure you're using current Pennsylvania UCC forms and following their specific formatting requirements. Also consider whether any of your equipment qualifies as fixtures - printing equipment is usually not attached to real estate but if any of it is, you might need fixture filing considerations.

Quick question - are you handling this yourself or working with counsel? Equipment financing security agreements can get complex fast, especially with software components. If the lender's attorney keeps pushing back, might be worth getting your own counsel involved to negotiate the language. Sometimes attorney-to-attorney discussions resolve issues faster than trying to self-draft.

Update - took everyone's advice and created a detailed equipment schedule with serial numbers, added separate software section, and ran everything through Certana to check for consistency issues before resubmitting. Lender's attorney approved it on the first review this time! Thanks for the guidance, especially about the detailed schedule approach. Moving forward with UCC-1 filing next week.