Lender is authorized to make loans for business purposes. C. The Corporation wishes to obtain from Lender a loan for.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. Newly created directorships resulting from an increase in the number of. Directors shall be filled as described in the resolution approving such increase. Resolved, the WEDC Board of Directors authorizes and directs the staff to make such adjustments to loans with the account numbers 162, 163, and 176. What are the terms of the loan or grant?