Entity Documents Typically Required

If you are applying for a loan and there are entities involved be smart and make sure you have all of the correct paperwork and that it is up to date. I have seen many loans get postponed until proper documentation is received by the bank. Here is a list of documents for the most common entities that you will most likely have to provide before closing your loan:

Articles of Incorporation

Amendments-(if applicable)

Fictitious Business Name Statement-(if applicable)

Statement of Information-No more than one year old if the Corporation is “for profit”

Bylaws

Amendments to Bylaws

List of Corporate Officers and Directors, stating the % interest owned by each – Signed & Dated

Secretary of State website indicating the Corporation is “Active”

Certificate of Good Standing-No more than 30 days old

Borrowing Resolution

Is the Escrow Vesting Correct

Statement of Partnership (GP-1)

Amendment-(if applicable)

Fictitious Business Name Statement-(if applicable)

Partnership Agreement

Certificate of Good Standing-No more than 30 days old

Borrowing Resolution

Is the Escrow Vesting Correct

Articles of Organization (LLC-1)

Certificate of Amendment (LLC-2)-(if applicable)

Fictitious Business Name Statement-(if applicable)

Statement of Information (LLC-12)-No more than two years old

Operating Agreement

Amendment to the Operating Agreement

Secretary of State website indicating the LLC is “Active”

Certificate of Good Standing-No more than 30 days old

Borrowing Resolution

Is the Escrow Vesting Correct

Limited Liability Partnership Registration (LLP-1)

Amendment to Registration of Limited Liability Partnership (LLP-2)-(if applicable)

Fictitious Business Name Statement-(if applicable)

Limited Liability Partnership Agreement

Board of Accountancy website indicating licensing is “Current”

Certificate of Good Standing-No more than 30 days old

Borrowing Resolution

Is the Escrow Vesting Correct

Certificate of Limited Partnership (LP-1)

Certificate of Amendment (LP-2)-(if applicable)

Fictitious Business Name Statement-(if applicable)

Limited Partnership Agreement

Amendment to Limited Partnership Agreement

Secretary of State website indicating the LP is “Active”

Certificate of Good Standing-No more than 30 days old

Borrowing Resolution

Is the Escrow Vesting Correct

First Page of Trust

Appropriate Powers

Signature Page of Trust

Certification of Trust

Is the Escrow Vesting Correct.