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Personal Financial Statement Personal Financial Statement Small Business Growth Corporation Small Business Growth Corporation 504 Loan Program 504 Loan Program As of, 20 As of, 20 Personal Financial
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How to fill out a personal financial statement:

01
Gather all necessary documents, such as bank statements, investment statements, and loan statements.
02
Begin by entering your personal information at the top of the statement, including your full name, address, and contact information.
03
List all your assets, including cash, savings accounts, investments, real estate, and vehicles. Include the estimated value of each asset.
04
Deduct any liabilities you have, such as credit card debt, student loans, or mortgage payments. Include the outstanding balance for each liability.
05
Calculate your net worth by subtracting your total liabilities from your total assets.
06
Provide details of your income, including your salary, bonuses, dividends, or any other sources of income. Include the amount and frequency of each income source.
07
List your monthly expenses, including housing costs, utilities, transportation, groceries, entertainment, and any other regular expenses you have.
08
Calculate your net monthly income by subtracting your expenses from your income.
09
Review the completed personal financial statement carefully to ensure accuracy and completeness.
10
Sign and date the statement, indicating that the information provided is true and accurate to the best of your knowledge.

Who needs a personal financial statement:

01
Individuals applying for loans: Banks and financial institutions often require a personal financial statement when evaluating loan applications to assess the borrower's financial health and ability to repay the loan.
02
Entrepreneurs and business owners: When starting a business or seeking investors, entrepreneurs and business owners may need to provide a personal financial statement to demonstrate their financial stability and commitment to the venture.
03
Estate planning and wealth management: Creating a personal financial statement can be beneficial for individuals planning their estate or managing their wealth. It helps in analyzing assets, liabilities, and net worth to make informed financial decisions.
04
Individuals seeking financial advice: Financial advisors may request a personal financial statement to better understand their clients' financial situation and provide appropriate guidance and recommendations.
05
Personal financial planning: Individuals interested in assessing and managing their personal finances may find it helpful to create a personal financial statement as a starting point for financial goal-setting and budgeting.
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A personal financial statement is a document that outlines an individual's financial situation at a specific point in time.
Individuals who hold certain positions in government or public office may be required to file a personal financial statement.
To fill out a personal financial statement, individuals typically list their assets, liabilities, income, and expenses.
The purpose of a personal financial statement is to provide an overview of an individual's financial health and to disclose any potential conflicts of interest.
Information such as assets, liabilities, sources of income, debts, and investments must be reported on a personal financial statement.
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