A Washington Corporate Resolution for IDL Loan is a legal document that authorizes a corporation to apply for an Economic Injury Disaster Loan (IDL). It is typically required by the Small Business Administration (SBA) as part of the loan application process to ensure that the corporation's board of directors or members have approved the loan request. The resolution outlines the specific details related to the loan application, including the amount requested, the purpose of the loan, and any other relevant terms and conditions. It serves as an official record of the corporation's decision to seek financial assistance through the IDL program. The keywords relevant to a Washington Corporate Resolution for IDL Loan may include: 1. Washington: Indicates that the resolution is specific to corporations operating within the state of Washington. Each state may have its own set of legal requirements and documentation for such resolutions. 2. Corporate Resolution: Refers to a formal decision made by a corporation's board of directors or members, typically documented through a resolution. It showcases the collective agreement and authorization to proceed with the loan application. 3. IDL Loan: Stands for Economic Injury Disaster Loan, which is a financial assistance program offered by the SBA to help small businesses recover from economic losses resulting from a declared disaster, such as a pandemic or natural disaster. The resolution is tailored specifically for this type of loan. Different types of Washington Corporate Resolutions for IDL Loans may include: 1. Initial Resolution: This is the first resolution passed by the corporation's board of directors or members, formally authorizing the application for an IDL Loan. 2. Amended Resolution: If there are changes in the loan application details or if additional approvals are required during the loan process, an amended resolution may be passed to reflect these modifications. 3. Dissenting Resolution: In some cases, there may be dissenting members or directors who disagree with the decision to apply for an IDL Loan. In such instances, a dissenting resolution may be drafted to record their objections or to outline alternative proposals. 4. Ratification Resolution: If the loan application was submitted prior to obtaining the necessary corporate authorization, a ratification resolution may be passed to retroactively approve and validate the submission. It is important to consult with legal professionals or experts in Washington corporate law to ensure compliance with state-specific requirements and to draft a proper and effective Corporate Resolution for IDL Loan.
Washington Corporate Resolution for EIDL Loan
Description
How to fill out Corporate Resolution For EIDL Loan?
US Legal Forms - among the largest collections of legal documents in the United States - provides an extensive selection of legal document templates that you can either download or print.
By utilizing the website, you will find thousands of forms for both business and personal purposes, organized by categories, states, or keywords. You can access the latest versions of documents like the Washington Corporate Resolution for EIDL Loan within moments.
If you currently possess a subscription, Log In to download the Washington Corporate Resolution for EIDL Loan from the US Legal Forms collection. The Acquire button will appear on every document you view. You have access to all previously obtained documents from the My documents section of your account.
Make adjustments. Fill out, modify, print, and sign the downloaded Washington Corporate Resolution for EIDL Loan.
Each document you place in your account does not have an expiration date and belongs to you permanently. Therefore, if you wish to download or print another copy, simply go to the My documents section and click on the document you desire. Access the Washington Corporate Resolution for EIDL Loan with US Legal Forms, the most extensive collection of legal document templates. Utilize thousands of professional and state-specific templates that meet your business or personal needs and requirements.
- If you are intending to use US Legal Forms for the first time, here are simple steps to help you get started.
- Ensure you have selected the accurate document for your city/region. Click the Preview button to view the content of the document. Review the document details to confirm that you have chosen the correct document.
- If the document does not meet your needs, utilize the Search field at the top of the screen to find the one that does.
- When you are satisfied with the document, confirm your selection by clicking the Purchase now button. Next, choose the pricing plan you prefer and provide your information to register for an account.
- Complete the transaction. Use your credit card or PayPal account to finalize the transaction.
- Select the format and download the document to your device.
Form popularity
FAQ
EIDL Loan Forgiveness. EIDL loans cannot be forgiven. EIDL loans do have a deferment period, however. Loans made during the 2020 calendar year have a 24-month deferment window from the date of the note.
The US Small Business Administration (SBA) has extended the deferment period for COVID-19 Economic Injury Disaster Loan (EIDL) payments for the third time in 12 months.
Use this form to designate additional authorized individuals to act on behalf of the Licensee.
A certified board resolution is a written document that provides an explanation of the actions of a company's board of directors that has been verified by the secretary of the organization and approved by the board's president. It gives authority to an individual or group to act on behalf of the corporation.
SBA Form 160, Resolution of Board of Directors is a form issued by the Small Business Administration (SBA) and filed with SBA Business Expansion loans - including Direct, Guaranteed, or Participation loans.
The resolution of board of directors is the convenient form that satisfies this requirement. The completed form signifies that the board of directors is aware of the fact that the finances are requested, of the exact sum, and has authorized the organization indicated in the document to receive funds.
The EIDL documents require a Board Resolution to be submitted within 6 months of loan disbursement. Proof of Hazard insurance is due within 1 year of loan disbursement.
A certified board resolution is a written document that provides an explanation of the actions of a company's board of directors that has been verified by the secretary of the organization and approved by the board's president.
A corporate resolution form is used when a corporation wants to document major decisions made during the year. It is especially important when decisions made by a corporation's directors or shareholders are in written form.
The Certified Corporate Resolution is a document that states that certain officers can act on behalf of the entity: It provides rights to particular officers. One unique rule is that the person that certifies the corporate resolution cannot be the same person that authorizes the transaction request.
More info
Election 2017-18 Resolution Board Chair Position 2 Budget Summary Resolution Board Member Resignation Resolution Board New Member Introduction 2 Resolution Body and Resolution Board Executive Meetings Resolution Body Executive Meetings 2 Resolution Board Meetings 2 Resolution Board Business Meeting 2 Resolution Board Business Meeting December 2016 Resolution Board Business Meeting October 2016 Resolution Body Governance Meeting 2 Resolution Body Governance Meeting April 2016 Resolution Body Governance Meeting February 2016 Resolution Body Governance Meeting January 2016 Resolution Board Meetings 2.
