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Loan / Borrowing / Financing Authorization Resolution Template
Formally approve company borrowing and financing authority with clear signer permissions using this Financing Authorization Resolution Template.
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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: ___________________________
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Learn more about
Loan / Borrowing / Financing Authorization Resolution Template
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For quick answers, scroll below to see the FAQ.
Click below for detailed info on the template.
For quick answers, scroll below to see the FAQ.
LOAN / BORROWING / FINANCING AUTHORIZATION RESOLUTION TEMPLATE FAQ
What is a financing authorization resolution?
A Loan / Borrowing / Financing Authorization Resolution is a formal approval by a company’s board, members, or shareholders authorizing the company to borrow money or enter financing arrangements. Lenders often require it to confirm that the company has authority to sign loan documents.
When is it needed?
It’s commonly needed when applying for bank loans, lines of credit, equipment financing, SBA loans, private lending, or refinancing. It can also be used to authorize guarantees, collateral pledges, or specific finance transactions.
What should it include?
Include: entity name, the authorized financing type, maximum borrowing amount, approved lenders (optional), collateral authority (if any), and who is authorized to negotiate and sign documents. This template includes limits, multiple signer options, and a certification section.
Who should approve it — directors, members, or shareholders?
It depends on the entity type and governing documents. Corporations usually use a board resolution; LLCs may require a member or manager resolution; some major financing may require shareholder approval. This template includes a checkbox to select the approving group.
Does it need to be notarized?
Usually not, but some lenders request notarization. This template includes an optional notary section.
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