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. Resolution to authorize borrowing (bank loan).Free Sample Corporate Resolution to Authorize Borrowing on a Line of Credit. Customize and download over 70 free corporate resolutions samples. This document is a board resolution for a company to borrow money. It authorizes specific officers to borrow up to a certain dollar amount from a lender. This is the first correction to the subject Council Resolution. If no, attach copies of any previous approved correction memos. 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.