{"ok":true,"canonical_url":"https://dealroom.so/glossary/corporate-resolution","api_url":"https://dealroom.so/api/public/glossary/corporate-resolution","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"corporate-resolution","term":"Corporate resolution","group":"People and paperwork","definition":"A formal document recording a specific decision or action approved by a corporation's board of directors or shareholders. It grants authority for major business decisions.","what_it_means":"When acquiring a business structured as a corporation, you'll see seller corporate resolutions authorizing the sale of assets or stock. As the buyer, if you're forming a new corporation, your board will pass resolutions to authorize the loan and acquisition. This is standard legal paperwork for corporate entities.","url":"https://dealroom.so/glossary/corporate-resolution","official_sources":[],"related":[{"slug":"corporation","term":"Corporation","url":"https://dealroom.so/glossary/corporation"},{"slug":"llc","term":"LLC","url":"https://dealroom.so/glossary/llc"},{"slug":"partnership","term":"Partnership","url":"https://dealroom.so/glossary/partnership"},{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"}],"related_questions":[{"question":"What specific conditions trigger the requirement for a corporate guaranty in addition to personal guarantees?","url":"https://dealroom.so/for-lenders/questions/what-specific-conditions-trigger-the-requirement-for-a-corporate-guaranty-in-addition-to-p"},{"question":"Can a corporate entity provide a guaranty instead of a personal one for some minority owners?","url":"https://dealroom.so/sba-7a/questions/can-a-corporate-entity-provide-a-guaranty-instead-of-a-personal-one-for-some-minority-owne"},{"question":"Are there specific circumstances where the SBA might require a corporate guaranty in addition to personal guarantees?","url":"https://dealroom.so/for-lenders/questions/are-there-specific-circumstances-where-the-sba-might-require-a-corporate-guaranty-in-addit"},{"question":"Can a corporate entity, not an individual, provide a gift that counts towards my equity injection for an SBA loan?","url":"https://dealroom.so/sba-7a/questions/can-a-corporate-entity-not-an-individual-provide-a-gift-that-counts-towards-my-equity-inje"},{"question":"Can an SBA 7(a) loan be used to purchase a business with a complex corporate structure involving multiple entities?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-be-used-to-purchase-a-business-with-a-complex-corporate-structure-invo"},{"question":"Under what specific circumstances might a non-owner corporate entity be required to provide a guaranty for an SBA 7(a) loan?","url":"https://dealroom.so/sba-7a/questions/under-what-specific-circumstances-might-a-non-owner-corporate-entity-be-required-to-provid"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Corporate resolution","url":"https://dealroom.so/glossary/corporate-resolution","source_type":"DealRoom Data"}}