In plain English
It is filed with the state and shows up when other lenders search your business. A blanket filing covers all assets; a specific one covers named collateral such as a financed truck.
Filings remain visible until they are terminated, so old paid-off loans can still be sitting on your record.
Example
An equipment lender files a UCC on the forklift it financed. A later bank sees it during underwriting.
Why it matters
Existing filings change what the next lender is willing to do, and at what price.
COMMON MISTAKEGiving an early lender a blanket filing over everything, then finding the bank will not lend behind it.