Jump to Section
Need help with a legal contract?
What is a Borrowing Base Certificate?
A bank may ask a small business owner to complete a borrowing base certificate so the lender can calculate the value of the company’s collateral and determine how much credit it is willing to extend to the business.
The certificate includes the company’s assets such as plant, property, equipment, inventory, cash on hand, and accounts receivable. The bank will use the certificate in a calculation (this varies by institution) to decide whether to issue the business a line of credit, the maximum amount that can be borrowed, the interest rate to charge, and other terms.
Borrowing Base Certificate Sample
[Name of officer signing on behalf of the Borrower] is a duly elected, qualified and acting Authorized Financial Officer of the Borrower; and
The Borrowing Base as of ___________, 20__ (the “Report Date”) and the components thereof are calculated and set forth on Attachment 1 hereto.
Security Exchange Commission - Edgar Database, EX-10.1 3 exhbit101-exhibitcformofbo.htm EXHIBIT C FORM OF BORROWING BASE CERTIFIACATE, Viewed October 4, 2021, https://www.sec.gov/Archives/edgar/data/799292/000079929213000027/exhbit101-exhibitcformofbo.htm.
Who Helps With Borrowing Base Certificates?
Lawyers with backgrounds working on borrowing base certificates work with clients to help. Do you need help with an borrowing base certificate?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate borrowing base certificates. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
Meet some of our Borrowing Base Certificate Lawyers
High quality work product at affordable prices.
Full-service boutique law firm providing personalized services in business law, trademarks, and real estate closings/title work.
Providing attentive service since 1992, Mike has established himself as a go-to source for legal answers throughout the Southern New Jersey region.
Respected, driven, ethical, and high energy legal and business professional with strong focus on litigation, contracts and compliance issues. Critical management experience includes client development, developing core initiatives, and forecasting risk in major corporations. Strong legal research, analytical and problem solving skills with demonstrated adaptability in a multifaceted legal practice including delivering high value results in a Fortune 10 environment. Core competencies include: Tactical and strategic legal direction and support to clients which includes contract negotiation, drafting and review, business planning, and a passion for relationship management. Excellent legal research, writing, analytical and problem solving skills including legal training and compliance with regulatory requirements and corporate policies. Coordinates with in-house legal and business resources for team building with excellent verbal communication skills, coaching, and leadership.
I am a sole practitioner who has been in practice for over 25 years. I have represented many small businesses during this time. Let me bring my expertise to your business.
Diana is a registered patent attorney and licensed to practice law in Florida and in federal courts in Florida and in Texas. For nearly a decade, Diana has been known as the go-to brand builder, business protector, and rights negotiator. Diana works with individual inventors, startups, and small to medium-sized closely held business entities to build, protect, and leverage a robust intellectual property portfolio comprising patents, trademarks, copyrights, trade dress, and trade secrets.
Brandon is a Texas Super Lawyer®, meaning he is among the top 2.5% of attorneys in his state. He has designed his practice to provide a unique ecosystem of legal support services to business and entrepreneurs, derived from his background as a federal district law clerk, published biochemist, and industry lecturer. Brandon is fluent in Spanish, an Eagle Scout, and actively involved with the youth in his community. He loves advocating for his clients and thinks he may never choose to retire.