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It's possible to avoid a UCC filing by taking out an unsecured business loan rather than a secured one. For example, many online and alternative lenders offer unsecured loans, and you can get an SBA 7(a) loan of up to $25,000 without collateral.

Beginning July 1, 2001, all financing statements that deal with personal property are to be filed with the Indiana Secretary of States Office. Only UCC's attached to the land, Fixture Filings, are to be recorded in the local Recorder's Office.

If you have not filed a UCC-1, then you are considered unsecured, and as such, you are placed in the ?back of the line,? behind the secured creditors. Secured creditors are taken care of first in the division of assets.

Removing a UCC-1 filing Pay off your loan: This is the surest way to have the UCC-1 filing removed. Depending on the state, the financing statement can remain in your state's searchable index for one year after the loan is repaid. In that case, the statement would reflect that the loan is repaid.

UCC filings are available on INBiz to verified users- these are individuals who previously had in.gov subscriber accounts. To file a UCC lien on INBiz, please log into your INBiz account and click Online Services. Under the UCC section, select your desired filing type.

Ask the lender to terminate the lien upon payoff. A good rule of thumb is to request that your lender file a UCC-3 form with your secretary of state as soon as possible after you pay off your loan. The UCC-3 will terminate the lien on your company's assets (or assets) and remove the UCC-1 filing.