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<p class="MsoNormal">Folks,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I received an email from the SBA asking for:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p style="vertical-align:baseline">Per your Loan Authorization and Agreement, please provide the following document(s): <o:p></o:p></p>
<ol start="1" type="1">
<li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo1;vertical-align:baseline">
<b>[Corporation – including Non-Profits]</b> <o:p></o:p></li></ol>
<p style="margin-left:.75in;line-height:105%">The SBA requires a Resolution that includes:<o:p></o:p></p>
<p style="margin-left:1.25in;line-height:105%">a.<span style="font-size:7.0pt;line-height:105%;font-family:"Times New Roman",serif">
</span>A statement <b>that the Board held a meeting </b><o:p></o:p></p>
<p style="margin-left:1.25in;line-height:105%">b.<span style="font-size:7.0pt;line-height:105%;font-family:"Times New Roman",serif">
</span>A statement <b>that the Board authorizes acceptance of the SBA loan and specifying the loan amount </b><o:p></o:p></p>
<p style="margin-left:1.25in;line-height:105%">c.<span style="font-size:7.0pt;line-height:105%;font-family:"Times New Roman",serif">
</span>A <b>statement designating an individual or individuals by name and title authorized to sign the SBA loan closing documents</b> <o:p></o:p></p>
<p style="margin-left:1.25in;line-height:105%">d.<span style="font-size:7.0pt;line-height:105%;font-family:"Times New Roman",serif">
</span>The <b>statement should be dated and signed by at least one member/manager/managing member of the Corporation.</b><o:p></o:p></p>
<ol start="2" type="1">
<li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l2 level1 lfo2;vertical-align:baseline">
<b>[For loans over $25,000 – hazard insurance on business contents required] </b>
<o:p></o:p></li></ol>
<p style="margin-left:.5in;text-indent:-.25in;vertical-align:baseline">1)<span style="font-size:7.0pt;font-family:"Times New Roman",serif">
</span>Please provide hazard insurance covering your business contents. They include: phones, computers, printers, paper for printers, fax machines, chairs, desks/tables, etc.<o:p></o:p></p>
<p style="margin-left:.5in;text-indent:-.25in;vertical-align:baseline">Hazard Insurance:<o:p></o:p></p>
<p style="margin-left:.5in;text-indent:-.25in;vertical-align:baseline">• The hazard insurance policy needs to be in the name of the borrower.
<o:p></o:p></p>
<p style="margin-left:.5in;text-indent:-.25in;vertical-align:baseline">• It needs to specifically reflect coverage and the amount of coverage for business contents or business personal property.
<o:p></o:p></p>
<p style="margin-left:.5in;text-indent:-.25in;vertical-align:baseline">• A liability insurance policy is not acceptable unless business personal property has been added.
<o:p></o:p></p>
<p style="margin-left:.5in;text-indent:-.25in;vertical-align:baseline">• A renters insurance policy is acceptable if the policy is in the name of the borrower and specifically covers business contents or business personal property.<o:p></o:p></p>
<p style="margin-left:.5in;text-indent:-.25in;vertical-align:baseline">• Vehicles are titled and cannot be taken as collateral under a general security interest.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<ol style="margin-top:0in" start="1" type="1">
<li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level1 lfo3">Is this legitimate?<o:p></o:p></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l1 level1 lfo3">Have you gone thru this process for the EIDL?<o:p></o:p></li></ol>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:#1F497D">--Raj </span><span style="font-size:12.0pt;color:#1F497D"><br>
<br>
</span><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:#1F497D">Rajesh Goel, CISSP </span><span style="font-size:12.0pt;color:#1F497D"><br>
</span><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:#1F497D">cell </span><span style="font-size:12.0pt;color:#1F497D">(917) 685-7731</span><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:#1F497D"> </span><span style="font-size:12.0pt;color:#1F497D"><br>
<a href="mailto:raj@brainlink.com"><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:blue">raj@brainlink.com</span></a></span><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:#1F497D"> </span><span style="font-size:12.0pt;color:#1F497D"><br>
</span><span style="font-size:11.5pt;font-family:"Arial",sans-serif;color:#1F497D">You run your business, and leave the IT to us. <br>
<br>
Author, SOP Maven, TV Personality, Keynote Speaker, Gothamite, Friar, Minor Literary Character</span><span style="font-size:12.0pt;color:#1F497D"><br>
</span><span style="font-size:13.0pt;color:#44546A"><a href="http://www.rajgoel.com/new-book/" target="_BLANK翻"><span style="color:blue">Unplugged</span></a> |<a href="http://www.rajgoel.com/book/" target="_BLANK翻"><span style="color:blue">Secrets</span></a> | <a href="https://www.brainlink.com/tv/" target="_BLANK翻"><span style="color:blue">TV</span></a> | <a href="https://www.brainlink.com/category/white-paper/" target="_BLANK翻"><span style="color:blue">Whitepapers</span></a></span>
<o:p></o:p></p>
<p class="MsoNormal"><b>Brainlink ranked #62 among <a href="https://www.brainlink.com/brainlink-international-inc-ranked-62-among-worlds-most-elite-501/">
<span style="color:#0563C1">World’s Most Elite Managed Service Providers</span></a></b><o:p></o:p></p>
<p class="MsoNormal"><b><a href="https://www.brainlink.com/veeam-world-records/"><span style="color:#0563C1">VEEAM Speed breaker</span></a></b> – for fastest disaster recovery in Microsoft Azure<o:p></o:p></p>
<p class="MsoNormal"><b>Won <a href="https://www.brainlink.com/brainlink-named-progressive-partner-inaugural-channelnomics-innovation-awards/">
<span style="color:#0563C1">MOST PROGRESSIVE PARTNER</span></a> – 2018 Channelnomics Innovation Awards<o:p></o:p></b></p>
<p class="MsoNormal"><b>Won <a href="https://www.brainlink.com/smartceo/"><span style="color:#0563C1">SMARTCEO Culture Award</span></a> – for our documentation, ticketing and process management<o:p></o:p></b></p>
<p class="MsoNormal"><o:p> </o:p></p>
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