Loan / Borrowing / Financing Authorization Resolution Template

Entity Name: [Company/LLC/Nonprofit Name]
Entity Type: ☐ Corporation ☐ LLC ☐ Nonprofit ☐ Partnership ☐ Other: [Type]
State/Country of Formation: [State/Country]
Principal Address: [Address]

Date of Resolution: [Date]
Method: ☐ Meeting ☐ Written consent
Approving Group: ☐ Board of Directors ☐ Members ☐ Managers ☐ Shareholders ☐ Partners

1. Authority and Adoption

1.1 The Approving Group of [Entity Name] (the “Entity”) adopts this resolution in accordance with the Entity’s governing documents and applicable law.
1.2 Quorum: ☐ Present ☐ Not required (written consent).
1.3 Vote: ☐ Unanimous ☐ Majority ☐ Other: [Threshold].

2. Financing Authorization

2.1 Authorized Financing Type (Select All That Apply):
☐ Term loan ☐ Line of credit ☐ Equipment financing ☐ Commercial mortgage ☐ Business credit card ☐ SBA loan ☐ Invoice financing ☐ Other: [Type]

2.2 Maximum Principal Amount. Up to $[Maximum Amount] in aggregate (or per transaction: $[Amount]).
2.3 Approved Lender(s) (Optional). ☐ Any reputable lender ☐ Only: [Lender names].
2.4 Key Terms (Optional). Target term: [__ months/years]. Maximum interest rate: []%. Fees cap: $[].
2.5 Collateral Authority (Optional). The Entity may pledge: ☐ No collateral ☐ Specific collateral: [Describe] ☐ General business assets (if permitted).

3. Authorized Signers and Powers

3.1 The following persons are authorized to negotiate, execute, and deliver financing documents on behalf of the Entity:

• Authorized Signer #1: [Name], [Title]

• Authorized Signer #2: [Name], [Title]

• Authorized Signer #3 (Optional): [Name], [Title]

3.2 Authorized signers may:
☐ Submit applications and provide financial information
☐ Execute loan/credit agreements, notes, and disclosures
☐ Sign security agreements, UCC filings, or mortgage documents (if applicable)
☐ Open/maintain loan accounts and draw funds
☐ Pay fees and closing costs
☐ Amend terms within limits approved in Section 2
☐ Take actions necessary to complete the financing

3.3 Two-Signature Requirement (Optional):
☐ Not required
☐ Required for amounts above $[Amount]
☐ Always required for: ☐ borrowing ☐ collateral pledges ☐ guarantees

4. Guarantees (Optional)

4.1 The Entity is authorized to provide: ☐ No guarantees ☐ Corporate guarantee ☐ Personal guarantees by: [Name(s)], subject to separate written approval if required.

5. Certification

5.1 The undersigned certifies that this resolution was duly adopted and remains in effect, and the lender may rely on it until receiving written notice of revocation.

Signatures

Certifying Officer/Secretary (or Authorized Member/Manager): [Name]
Title/Role: [Title]
Date: [Date]
Signature: ___________________________

Chairperson/Authorized Officer (Optional): [Name]
Title/Role: [Title]
Date: [Date]
Signature: ___________________________