skip to main content

Resolution to Loan Funds

Sample Corporate Resolution

It's a big deal when an LLC or Corporation establishes a corporate resolution to loan funds. Establishing this resolution means the company has sufficient financial resources. This means the loan is deemed reasonably secure. It also means that the company may loan funds and have the peace of mind in knowing that this loan would not impact their own growth or profitability.

Beyond knowing that a company can create a corporate resolution to loan funds, the other party that benefits is the company receiving the funds. In creating this corporate resolution, they will know you have their best interests in mind.

Fill and Sign 
Image of a Resolution to Loan Funds

How do our sample corporate resolutions work?


Select a resolution

Choose the document you need from our list of over 60 free corporate resolution samples.


Fill in your details

Replace the highlighted sections of the document with the details relevant to your business.


Download your resolution

Once completed, you can download your resolution as a word document or print directly from the browser.

Sample Corporate Resolution to Loan Funds
(Text Only Version)


Resolution to Loan Funds

WHEREAS, FULL NAME a ROLE of this Corporation, has requested of this Corporation an advance and loan in the amount of AMOUNT ($AMOUNT NUMERICAL), together with interest, and WHEREAS, the Corporation has adequate financial resources to make such loan without impairing its growth or profitability, and that said loan is deemed reasonably secure and in the best interests of the Corporation to make, be it:

RESOLVED, that the Corporation issue a loan to FULL NAME in the amount of AMOUNT ($AMOUNT NUMERICAL) to be repaid within NUMBER OF MONTHS months with interest of PERCENT percent (PERCENT NUMERICAL%) on the unpaid balance, and that the borrower execute to the Corporation promissory notes evidencing said indebtedness.

The undersigned hereby certifies that he/she is the duly elected and qualified Secretary and the custodian of the books and records and seal of COMPANY NAME,a corporation duly formed pursuant to the laws of the state of YOUR STATE and that the foregoing is a true record of a resolution duly adopted at a meeting of the DIRECTORS/MEMBERS and that said meeting was held in accordance with state law and the Bylaws of the above-named Corporation on MEETING DATE,and that said resolution is now in full force and effect without modification or rescission.

IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the above-named Corporation this DAY OF THE WEEK, CURRENT MONTH of CURRENT YEAR.


What kind of information do I need to create a resolution to loan funds?

The purpose of any corporate resolution is to document the actions the board of directors will take on behalf of a corporation. When you create a resolution to loan funds, you need to include the following information:

  1. The legal name of the corporation
  2. Full name and the role in the corporation
  3. Numerical loan amount requested, along with interest
  4. Statement if the corporation has adequate financial resources to take out this loan and the loan is deemed reasonably secure
  5. Name of the individual which the corporation will issue this loan
  6. Number of months the loan is to be repaid with interest percentage
  7. The state where the business is formed
  8. Information about the directors/members
  9. The date on which the agreement to loan funds is made
  10. The current day, month, and year when the agreement is signed
  11. Signature and date signed

This resolution must document the actions that are authorized to be taken by the business and should be stored along with your corporate records.

Frequently asked questions

Power of attorney is a legal status. It may be granted to one person, known as the agent or attorney-in-fact, who has the power to act for another person known as the principal. The principal or the agent may sign a POA document to make decisions regarding the principal's property and finances. This document must be signed with a notary present.

Yes, a corporation may grant power of attorney. They may grant another professional or business, such as a law firm, the authority to execute deeds or additional documents on behalf of the corporation.

If you experience any difficulty in accessing our content, please contact us at 877.692.6772 or email us at

Live Chat Assistance