Certificate of Good Standing for a bank loan
Banks, credit unions, and SBA lenders require a current Certificate of Good Standing before closing virtually every business loan. The document proves your entity is properly registered with the state and current on its compliance filings. Lenders treat a missing or stale certificate as a hard blocker on funding.
Most lenders want a certificate dated within 30 days.
Bank underwriting policy almost always specifies a 30-day recency window for the Certificate of Good Standing. SBA 7(a) and 504 loans codify this: the certificate on file at funding must be dated within 30 days of the funding event. Some larger commercial lenders extend to 60 days; very few accept beyond that.
If your loan closing date has been pushed and your certificate is about to age out, order a fresh one. Most states deliver within 1–2 business days and several deliver same-day.
Which loans require it?
- · SBA 7(a), 504, and Express loans — universally require Certificate of Good Standing within 30 days of funding
- · Conventional commercial term loans and lines of credit — most lenders require it at closing
- · Equipment financing — lessors often require it before funding the equipment purchase
- · Asset-based lending (ABL) and factoring lines — required as part of perfecting the security interest
- · Mortgage and CRE financing — required by both lender and title company
- · Investor and partner buyouts — frequently required at closing
Bank loan certificate questions
Bank closing this week?
Order today; most states deliver within 1–2 business days. From $50, state filing fee included.