This resolution will indicate that a meeting of the company's board of directors has taken place and that there was a vote allowing the company to go into debt. Download the free corporate borrowing resolution template as a word document or PDF.It is perfect to write a board resolution for an SBA loan from a bank. Free Sample Corporate Resolution to Authorize Borrowing on a Line of Credit. Customize and download over 70 free corporate resolutions samples. Lender is authorized to make loans for business purposes. C. The Corporation wishes to obtain from Lender a loan for. "Loans" means any type of loan product the credit union offers. This includes, but is not limited to, consumer loans, lines of credit, credit cards, member. RESOLVED, that this corporation borrow from Regions Bank (hereinafter called the "Bank) from time to time, such sums of money as, in the judgment.