Board Resolution Approving Loan of Funds Template

Business-in-a-Box's Board Resolution Approving Loan of Funds Template

Document description

This board resolution approving loan of funds template has 1 pages and is a MS Word file type listed under our business plan kit documents.

Sample of our board resolution approving loan of funds:

BOARD RESOLUTION OF [YOUR COMPANY NAME] TO LOAN FUNDS DULY PASSED ON [DATE] LOAN OF FUNDS WHEREAS, [BORROWER NAME] a [DESCRIBE RELATIONSHIP] of [YOUR COMPANY NAME], has requested of this Corporation an advance and loan in the amount of [AMOUNT], and WHEREAS, [YOUR COMPANY NAME] has sufficient financial resources to make such loan without causing prejudice to its growth or profitability, and that said loan is deemed reasonably secure and in the best interests of [YOUR COMPANY NAME], be it: RESOLVED, that [BORROWER NAME] issue a loan to [NAME] in the amount of [AMOUNT], to be repaid within [NUMBER] months

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