What is the journal entry to the following situation?

1. On September 15, 2016, the Board authorized Rosen to seek out $200,000 in financing for the warehouse expansion and renovation project. On October 13, 2016, the Board noted in the minutes that the loan had been obtained from Fleet Bank at a rate of 6.5% for five years. An analysis of the bank confirmation indicated that $100,000 was outstanding at year end.