SBA Form 25 PCGP Corporate Partner Certificate

25-Model Corp. Resol. or GP Certif., 33-Model Letter to Selling Agent, 34-Bank ID, 1065-Appl. Lic. Assure. of Compliance

3245-0081 SBA Form 25 PCGP rev 06-3-01-2021

OMB: 3245-0081

Document [pdf]
Download: pdf | pdf
OMB Approval No.: 3245-0081
Expiration Date: 04-30-2021

Model
Corporate General Partner Resolution
for SBA Commitment
CERTIFICATE
I, 1 ___________________, Secretary of 2 ________________, a
corporation of the State of 3 ________________ (Corporation),
which is a general partner of 4 _________________ (Licensee),
a licensed small business investment company, hereby certify
that the following is a true and complete copy of a
resolution adopted by the Board of Directors of the
Corporation at a meeting duly called and held on 5 __________,
______, at which a quorum was present throughout; and that the
said resolution has not been amended, modified, or repealed.
RESOLVED, that
(1) (Two or more officers of the Corporation, designated
by name and title), or any of them, are hereby authorized to
cause this Corporation, in its capacity as a general partner
of the Licensee, to apply to the Small Business Administration
(SBA) for its commitment to reserve funds for the future use by
the Licensee in an amount up to 6 $__________, and to apply for
draws against such commitment at such times as the Licensee may
deem advisable, and in connection with such applications to
execute or submit on behalf of the Licensee a commitment letter
and all such other instruments or documents as SBA may require;
and
(2) SBIC Funding Corporation (Funding Corp.) is authorized
as agent for the Licensee to sell the securities to be issued by
the
Licensee
under
a
commitment
letter
from
SBA
(the
"securities"), at such price, on such date, at such rate, and on
such terms and conditions as may be deemed proper and as
approved by SBA; and to deliver on behalf of the Licensee any
and all documentation required by the purchaser(s) to effect the
sale and guarantee of the securities, and to receipt for the
purchase price for said securities for the account of the
Licensee, less selling expenses and other fees and expenses
deemed necessary by SBA for itself, Funding Corp., or any of
SBA's agents; and
SBA Form 25 PCGP (Revised 06-15)

(3) SBA, directly or through its duly appointed agent,
is authorized to insert in the securities the following, as
applicable: the SBIC license number, the date of issuance, the
rate, the payment dates, the maturity date, and any other
information deemed necessary by SBA; and
(4) The Licensee's Limited Partnership Agreement as of the
date of this certificate includes all necessary provisions to
fully comply with Section 107.1810(i) of Title 13 of the Code of
Federal Regulations, effective as of the date hereof; and
(5) The above resolutions shall be effective unless and
until written notice of any amendment or rescission is received
by SBA and Funding Corp. at least five days before the execution
by Funding Corp. of an agreement for the sale of the securities.
IN WITNESS WHEREOF, I have executed this certificate this
7 _____________ day of ___________, _______.

8 _____________________________
Signature

SBA Form 25 PCGP (Revised 06-15)

INSTRUCTIONS FOR COMPLETION OF CERTIFICATE
Please execute and file the correct version of this model resolution,
together with the other required documents for the submission of the
SBIC
debenture
commitment
application
to:
U.S.
Small
Business
Administration, Investment Division, Funding Admin. Branch, 409 Third
Street, SW, Washington, DC
20416. This certificate when properly
executed provides certain formal resolutions from an authorized
official(s) of the small business investment company.
It is required
to be submitted to SBA with each application for an SBA guaranty
commitment.
NOTE: Any financial data submitted in connection with the commitment
request is protected from disclosure under the Freedom of Information
Act; specifically, exemptions 4, 6 and 8, which allow SBA to withhold
from disclosure financial data on individual companies.

Blank Number

Instructions

1

Name of Officer

2

Name of Corporate General
Partner

3

Name of the State

4

Name of the Licensee

5

Date

6

Maximum Amount of Commitment
Request

7

Date

8

Signature of Secretary

PLEASE NOTE: The estimated burden for completing this form is 20
minutes per response. You are not required to respond to any collection
of information unless it displays a currently valid OMB approval
number. Comments on the burden should be sent to U.S. Small Business
Administration, Chief, AIB, 409 Third Street, SW, Washington D.C. 20416
and Desk Officer for the Small Business Administration, Office of
Management and Budget, New Executive Office Building, Room 10202,
Washington, D.C. 20503. OMB Approval Number (3245-0081). DO NOT SEND
FORMS TO OMB.

SBA Form 25 PCGP (Revised 06-15)


File Typeapplication/pdf
File TitleOMB Approval No
AuthorInvestment Division
File Modified2021-03-01
File Created2019-10-16

© 2024 OMB.report | Privacy Policy