Board Resolution Approving Loan of Funds

About this template:

Use this template as an example of a document containing details of the approval of extending a loan to be signed by the board. The point of a Board Resolution is to address a specific issue that the board needs to decide on. It is a way of documenting a decision made by a Corporation's Board of Directors or Shareholders on behalf of the Corporation in writing. This particular board resolution deals with approval of a loan. Find more board resolution templates here https://www.templateguru.co.za/documents/board-resolutions/

Excerpt:

BOARD RESOLUTION OF [YOUR COMPANY NAME] TO LOAN FUNDS 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]

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