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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
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Individuals applying for an SBA loan
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It is a document that outlines an individual's financial situation, including assets, liabilities, income, and expenses.
Individuals who are requested to provide information on their financial status by a specific entity or organization.
The form can be completed by providing accurate details about one's assets, liabilities, income, and expenses in the designated sections.
The purpose is to provide a clear overview of an individual's financial position, helping lenders, investors, or other parties assess their creditworthiness or financial stability.
Details about assets (such as properties, investments), liabilities (such as loans, mortgages), income sources, and expenses.
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