Form with which a corporation may resolve to authorize an officer or representative to loan a specific amount of funds to another party.
Corporation Any Loan For Buying Land In Wake
State:
Multi-State
County:
Wake
Control #:
US-0043-CR
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
If you're thinking of forming a business entity to buy land, we've compiled a comparison list to help you decide. Land loans are used to finance the purchase of a plot of land.We explain the why and how behind filling out a balance sheet when getting a land loan. Article includes a balance sheet template. Your lender is going to need information about the land you want to purchase, the type of loan you desire and a few key financial documents. Yes, it's possible to get a loan on just the land, though not as many banks issue land loans as home loans. The USDA has some very good financing options and allowances depending on location, zoning and intent. Also check with your local DNR for programs. You may be able to get the seller to carry the loan. It will probably take a large percentage down and a higher interest rate, but it can be a good solution.