Once the borrowing resolution has passed, the document goes to the bank providing the loan. The company should also keep a copy of the document internally.Resolutions of the board of directors of a Minnesota corporation electing directors to fill director vacancies. Free template for board of director resolutions. Learn about corporate records and easily document your corporation's board resolutions. 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. The commercial loan process starts with the borrower filling out a loan application and providing the lender with actual and projected financial information. Free template for an LLC member resolution. Editable document you can use to formally record member resolutions for your limited liability company.