The resolutions banks, lenders, and investors ask for

Why a bank or lender's request stalls small LLCs

Sooner or later a bank wants a resolution authorizing the account and naming the signatories, a lender wants proof the LLC approved the borrowing, or an investor's counsel wants the consent behind a raise. These requests arrive with a deadline attached. If the LLC has never produced a resolution in a consistent form — or produced one and can't find it — the deal waits while someone recreates the paperwork and chases signatures. The authorization usually exists in principle; what's missing is the clean, findable document that proves it.

What MinuteSmith does

• Authority resolutions in the form third parties expect. Resolutions authorizing an account, a loan, or signing authority are drafted in a clean, consistent form and tied to the meeting or consent that adopted them, so what a bank or lender asks for is stated the way they expect to see it.
• Signatory authority, clearly recorded. Who is authorized to open accounts, borrow, or sign on behalf of the LLC is captured with the resolution that granted it, so there is a clear answer when a bank asks who can act for the company.
• Findable when the deadline hits. Ask AI searches your resolutions and consents and returns the exact one, cited, so when a lender or investor requests the authorization you can produce it in seconds rather than rebuilding it.

What you keep

• Resolutions authorizing accounts, borrowing, and signing authority
• The signatories each resolution names and what they may do
• The link between each resolution and the meeting or consent that adopted it
• A searchable history of what the LLC has authorized for banks and lenders

Ask your archive

Questions this record can answer — every answer cites the exact meeting it came from:

• “What resolution authorized our business checking account, and who are the signatories?”
• “Has the LLC approved taking on this loan?”
• “Who is authorized to sign contracts on behalf of the company?”
• “Show me the resolution the investor's counsel asked for.”

Security & data handling

Private AI over your own records — your minutes are never used to train AI models. See the Trust Center and Security page; for a procurement or security review, contact our security team.

Frequently asked questions