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OMB APPROVAL NO.: 32450188 EXPIRATION DATE: 05/31/2024PERSONAL FINANCIAL STATEMENT U.S. SMALL BUSINESS ADMINISTRATION The purpose of this form is to collect information about the Business Applicant
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01
Gather all necessary financial documents such as bank statements, tax returns, and investment statements.
02
Fill in your personal information including name, address, and contact details.
03
Complete the section on assets by listing all your current assets such as real estate, vehicles, and savings accounts.
04
Fill out the liabilities section by detailing all outstanding debts including mortgages, loans, and credit card balances.
05
Calculate your net worth by subtracting your total liabilities from your total assets.
06
Review the form for accuracy and completeness before submitting it to the Small Business Administration.

Who needs sba-form-413-personal-financial-statement?

01
Anyone applying for a loan from the Small Business Administration may need to fill out sba-form-413-personal-financial-statement.
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The SBA Form 413 Personal Financial Statement is a document that individuals use to provide a comprehensive overview of their personal financial situation including assets, liabilities, and net worth, primarily for certain SBA loan applications.
Individuals applying for SBA loans are generally required to file the SBA Form 413, including business owners, partners, and anyone with a 20% or greater ownership stake in the business.
To fill out the SBA Form 413, you should provide detailed information about your personal assets, liabilities, and net worth. This includes listing bank accounts, investments, real estate, loans, and other financial obligations. It's important to be accurate and honest in your reporting.
The purpose of the SBA Form 413 is to help lenders assess the financial position of the applicant, evaluate their ability to repay the loan, and make informed lending decisions.
The SBA Form 413 requires reporting of personal assets such as cash, savings, investments, real estate, and personal property, as well as liabilities including mortgages, loans, and other debts to calculate the applicant's net worth.
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