A California Corporate Resolution for SBA Loan is a legal document that outlines the decision-making process of a corporation in relation to obtaining a Small Business Administration (SBA) loan in the state of California. It serves as an official record of the corporation's approval to apply for and accept the loan from the SBA. The resolution typically includes essential details such as the name of the corporation, its unique identification number, and the date of the resolution. It also specifies the purpose of the resolution, which is to authorize the corporation to apply for and accept an SBA loan. Different types of California Corporate Resolutions for SBA Loan may vary depending on the specific circumstances of the corporation. However, some common types could include: 1. General Corporate Resolution: This type of resolution authorizes the corporation to apply for and accept any SBA loan that meets certain predefined criteria or guidelines set by the corporation's board of directors. 2. Specific Loan Resolution: This resolution is more specific and narrowly tailored to authorize the corporation to apply for and accept a particular SBA loan. It may include details such as the loan amount, interest rate, repayment terms, and any other relevant conditions. 3. Officer Designation Resolution: In some cases, the corporation may need to designate specific officers or individuals who are authorized to act on behalf of the corporation during the SBA loan application and acceptance process. This type of resolution appoints and empowers these designated officers to negotiate, sign documents, and represent the corporation throughout the loan process. In summary, a California Corporate Resolution for SBA Loan is a legally binding document that authorizes a corporation to pursue and accept an SBA loan. It may come in various types, such as general, specific, or officer designation resolutions, depending on the corporation's needs and requirements.
California Corporate Resolution for SBA Loan
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How to fill out California Corporate Resolution For SBA Loan?
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