Official Resolution Form For Sba Loan In Sacramento

State:
Multi-State
County:
Sacramento
Control #:
US-0036-CR
Format:
Word; 
Rich Text
Instant download

Description

The Official Resolution Form for SBA Loan in Sacramento is a crucial document for corporations looking to authorize specific actions related to their SBA loan application. This form allows directors to officially designate a corporate officer or representative responsible for filing necessary official documents. It includes sections for outlining the resolution’s substance, ensuring clarity and specificity about the actions being approved. The form also requires signatures from the directors and a certification from the secretary, adding an extra layer of validity to the resolution. This document is designed for use during a regular or special meeting of the board of directors, making it a versatile tool for corporate governance. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form particularly useful for maintaining compliance with corporate formalities when seeking an SBA loan. It streamlines the process of documenting board decisions and provides clear accountability among corporate officers. By following the completed instructions, these professionals can ensure that the resolution is filed correctly and in a timely manner, facilitating smoother loan processing and approval. Overall, the form supports effective management practices and aids in securing vital funding for business operations.
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FAQ

(b) SBA Form 652, a certification by the concern you are financing that it will not illegally discriminate (see part 112 of this chapter).

Form 770 is the financial statement of debtor that is used by SBA servicing centers for actions that require current financial information for a specific borrower or debtor.

The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead.

SBA Form 160, Resolution of Board of Directors is a form issued by the Small Business Administration (SBA) and filed with SBA Business expansion loans including direct, guaranteed or participation loans.

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Official Resolution Form For Sba Loan In Sacramento