Below is the  Board Resolution Approving Loan Of Fundstemplate body. If necessary, please put the personal information, company information, such as text to replace the specific content you need. you can download the .doc template file on the end of the article by click download link. 

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 with interest of [RATE]% on the unpaid balance, and that the borrower execute to [YOUR COMPANY NAME] promissory notes evidencing said indebtedness.

RESOLVED, that the officers of this corporation are, and each acting alone is, hereby authorized to do and perform any and all such acts, including execution of any and all documents and certificates, as such officers shall deem necessary or advisable, to carry out the purposes and intent of the foregoing resolutions.

RESOLVED FURTHER, that any actions taken by such officers prior to the date of the foregoing resolutions adopted hereby that are within the authority conferred thereby are hereby ratified, confirmed and approved as the acts and deeds of this corporation.

It is hereby certified by the undersigned that the foregoing resolution was duly passed by the Board of Directors of the above-named Company on the [DAY] day of [MONTH, YEAR], in accordance with the Memorandum or By-Laws and Articles of Incorporation of the Company and the laws and by-laws governing the Company and that the said resolution has been duly recorded in the Minute Book and is in full force and effect.



          
[DIRECTOR]



          
[DIRECTOR]



          
[DIRECTOR]

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