US Legal Forms
Agreements - Agreement Forms
Minutes of Meeting of the Directors regarding Bank Loan

Directors Loan To Buy Property In North Carolina

Category:

Loans and Lending - Minutes

State:

Multi-State

Control #:

US-00420BG

Format:

Instant download

Description

This form contains a resolution of the Board of Directors authorizing the refinancing of a loan of the corporation and names the officers of the corporation authorized to sign the loan documents.

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I currently own the house but would like to transfer the ownership to the LLC without needing to take out a new loan in the LLC's name. USDA Rural Development's Section 502 Direct Loan Program provides a path to homeownership for low- and very-low-income families living in rural areas.ANSWER: Yes, unless your friend has a license from the State Commissioner of Banks. This program offers loan guarantees to lenders for their loans to rural businesses. The 504 loan program provides longterm, fixed rate financing for major fixed assets that promote business growth and job creation. The Loan Participation Program works with local lenders across North Carolina to help expand access to capital. Explore the best construction loans in Georgia, South Carolina, and North Carolina with AgSouth Farm Credit.

Directors Loan To Buy Property In North Carolina

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