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OMB APPROVAL NO.: 32450188 EXPIRATION DATE: 03/31/2021PERSONAL FINANCIAL STATEMENT 7(a) / 504 LOANS AND SURETY BONDS U.S. SMALL BUSINESS Administrations of:SBA uses the information required by this
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To fill out SBA 413 Personal Financial Statement form, follow these steps: 1. Start by downloading the form from the official SBA website.
02
Begin by providing your personal information, such as your name, address, and contact details.
03
Proceed to fill out the sections related to your assets. Include detailed information about your real estate properties, personal belongings, cash accounts, investments, etc.
04
Move on to the liabilities section and provide details about your debts, loans, mortgages, credit card balances, etc.
05
Fill out the section regarding your income, including your salary, business income, rental income, etc.
06
Provide information about your expenses, such as monthly bills, payments, insurance, taxes, etc.
07
Complete the section that requires information about your ownership interest in other businesses.
08
Finally, review the form for accuracy, sign and date it, and submit it as directed by the SBA.

Who needs sba 413 personal financial?

01
SBA 413 Personal Financial Statement is required by individuals who are applying for a loan or financing from the Small Business Administration (SBA). It is typically needed by individuals who are seeking funds for starting or expanding a small business.
02
In addition, SBA 413 may also be required by lenders, banks, or financial institutions when evaluating the creditworthiness and financial stability of an individual or business entity.
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SBA Form 413, also known as the Personal Financial Statement, is a document required by the Small Business Administration (SBA) to evaluate the financial stability of a loan applicant.
Anyone applying for an SBA loan or seeking an increase in their existing SBA loan may be required to file SBA Form 413.
To fill out SBA Form 413, individuals must provide detailed information about their assets, liabilities, income, and expenses. The form can be downloaded from the SBA website and must be completed accurately and honestly.
The purpose of SBA Form 413 is to assess the financial health and creditworthiness of loan applicants to determine their ability to repay the loan.
Information such as assets, liabilities, income, expenses, and other financial details must be reported on SBA Form 413.
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