This sample policy documents the approval process for capital-intensive businesses that will incur long-term debt or issue equity to fund major internal or acquisition-related expansion projects.

As a company grows and continues to operate through the use of its internally generated operating funds and borrowings from banks and other institutions, it will need to optimize the benefits of this funding, exercise control over financial obligations, and minimize investment risk. This sample provides policies to assist with optimization, such as: all banking and borrowing relationships, including lease financing, must be approved in advance by the finance department.