Get Borrowing Resolution Form

Completing the Borrowing Resolution Form online is an essential step for corporations looking to secure a loan through a promissory note. This guide will walk you through each section of the form, ensuring that you provide all necessary information accurately and efficiently.

Follow the steps to complete the Borrowing Resolution Form online:

1. Click the ‘Get Form’ button to obtain the Borrowing Resolution Form and open it in your online form editor.
2. In the first section, specify the amount to be borrowed by replacing [$ __________________] with the exact dollar amount.
3. Identify the lender by filling in the blank where it states ‘from _____________________________’ with the name of the lending institution.
4. Enter the annual interest rate in the appropriate field, ensuring it does not exceed the specified limit.
5. Indicate the maturity date of the loan by filling in the day and month, along with the year in the provided blanks.
6. Review the resolution clause and confirm that the President or Treasurer is authorized to execute the necessary documents. Ensure their names are accurate.
7. Ratify that any actions undertaken by officers prior to this resolution are acknowledged by affirming the concluding part of the document.
8. At the end of the form, enter the name of the Secretary, their signature, and the date on which the resolution was adopted.
9. Once all sections are complete, save your changes, and consider downloading or printing the document for your records.

Complete your Borrowing Resolution Form online now to ensure a smooth borrowing process.