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:

CORPORATION DOCUMENTS

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

GENERAL PARTNERSHIP DOCUMENTS

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

LIMITED LIABILITY COMPANY DOCUMENTS

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 DOCUMENTS

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

LIMITED PARTNERSHIP DOCUMENTS

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

TRUST DOCUMENTS

First Page of Trust

Appropriate Powers

Signature Page of Trust

Certification of Trust

Is the Escrow Vesting Correct.