Fillable Model Corporate Resolution for SBA Commitment resolution adopted (U.S. Small Business Administration)

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Model Corporate Resolution for SBA Commitment resolution adopted (U.S. Small Business Administration)

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OMB Approval No.: 3245-0081
Expiration Date: 04-30-2018
Model
Corporate Resolution for SBA Commitment
I, 1 ___________________, Secretary of 2 ________________, a corporation of the State of 3
________________ (Licensee), hereby certify that the following is a true and complete copy of a
resolution adopted by the Board of Directors of the Licensee at a meeting duly called and held on
4 __________, ______, at which a quorum was present throughout; and that the said resolution
has not been amended, modified, or repealed.
RESOLVED, that
(1) (Two or more officers of the Licensee, designated by name and title), or any of them, are
hereby authorized to cause this Licensee to apply to the Small Business Administration (SBA)
for its commitment to reserve funds for the future use by the Licensee in an amount up to
5 $__________, and to apply for draws against such commitment at such times as the Licensee
may deem advisable, and in connection with such applications to execute or submit on behalf of
the Licensee a commitment letter and all such other instruments or documents as SBA may
require; and
(2) SBIC Funding Corporation (Funding Corp.) is authorized as agent for the Licensee to sell the
securities to be issued by the Licensee under a commitment letter from SBA (the "securities"), at
such price, on such date, at such rate, and on such terms and conditions as may be deemed proper
and as approved by SBA; and to deliver on behalf of the Licensee any and all documentation
required by the purchaser(s) to effect the sale and guarantee of the securities, and to receipt for the
purchase price for said securities for the account of the Licensee, less selling expenses and other
fees and expenses deemed necessary by SBA for itself, Funding Corp., or any of SBA's agents;
and
(3) SBA, directly or through its duly appointed agent, is authorized to insert in the securities the
following, as applicable: the SBIC license number, the date of issuance, the rate, the payment
dates, the maturity date, and any other information deemed necessary by SBA; and
SBA Form 25 PC (Revised 06-15)
(4) The Licensee's Articles of Incorporation as of the date of this certificate includes all
necessary provisions to fully comply with Section 107.1810(i) of Title 13 of the Code of Federal
Regulations, effective as of the date hereof; and
(5) The above resolutions shall be effective unless and until written notice of any
amendment or rescission is received by SBA and Funding Corp. at least five days before the
execution by Funding Corp. of an agreement for the sale of the securities.
IN WITNESS WHEREOF, I have executed this certificate this
6 _____________ day of ___________, ______.
7 _____________________________
Signature
SBA Form 25 PC (Revised 06-15)
INSTRUCTIONS FOR COMPLETION OF CERTIFICATE
Please execute and file the correct version of this model certificate, together with the other
required documents for the submission of the SBIC debenture commitment application to: U.S.
Small Business Administration, Office of Investment an Innovation, Funding Admin. Branch, 409
Third Street, SW, Washington, DC 20416. This certificate when properly executed provides
certain formal resolutions from an authorized official(s) of the small business investment
company. It is required to be executed and submitted to SBA with each application for an SBA
guaranty commitment.
NOTE: Any financial data submitted in connection with the commitment request is protected
from disclosure under the Freedom of Information Act; specifically, exemptions 4, 6 and 8,
which allow SBA to withhold from disclosure financial data on individual companies
Blank Number Instructions
1 Name of Corporate Secretary
2 Name of the Licensee
3 State of Incorporation
4 Date
5 Maximum Amount of Commitment Request
6 Date
7 Signature of Licensee's Secretary
NOTE: The estimated burden for completing this form is 20 minutes per response. You are not
required to respond to any collection of information unless it displays a currently valid OMB
approval number. Comments on the burden should be sent to U.S. Small Business
Administration, Chief, AIB, 409 Third Street, SW, Washington D.C. 20416 and Desk Officer
for the Small Business Administration, Office of Management and Budget, New Executive
Office Building, Room 10202, Washington, D.C. 20503. OMB Approval Number (3245-0081).
DO NOT SEND FORMS TO OMB.
SBA Form 25 PC (Revised 06-15)
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Model Corporate Resolution for SBA Commitment resolution adopted (U.S. Small Business Administration)

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Completed 11 February 2021

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