Personal financial statement form sba

Use the same address that you list for this property on your personal tax return. List any money you are setting aside to pay expected federal income taxes.

Personal Finance

Whether or not you are self certified small disadvantaged business, to become an SBA 8a SDB business, applicants must meet the following definition of small disadvantaged business to become certified.

While this is not a commonly used section, if you have lent any money, include that here. This is to enable quicker communication in case the SBA or the lender has questions about your application.

Only include the amount reported on your W-2 or tax forms. For cars, include the make, model, and year along with a quick estimate of current value from a tool such as Kelley Blue Book. An individual who is not a member of one of the presumed groups can be admitted into the 8 a Business Development program.

If you hold numerous mortgages from the same bank, put the last four digits of the account number as well to make it easier for the SBA or your lender to match it to your credit report. Each of the following people must complete their own version of the form: This does not apply to term life insurance policies.

Do not list any other totals in this section such as term life insurance policiesas the only portion of life insurance the SBA considers an asset is the cash surrender value of your whole life policies. Include any other installment loans in this section, such as student loans or other personal loans payable for more than one year.

It will also make it easier for you to answer any questions the SBA or your lender might ask of you. The 8 a Program opens the doors for disadvantaged firms to grow and develop for a period of 9-years.

Add up the value of all your liabilities here. Keep all undelivered copies in your records.

Sba Form 413 - Personal Financial Statement - U.s. Small Business Administration

Loans on Life Insurance: Local tax debts, such as property taxes, are more common and much less likely to stop you from being approved than state tax debts.

Provide the total present value of all of the cars, boats, and recreational vehicles you own, as reported in the Other Personal Property and Other Assets section of SBA Form Be prepared to provide your lender with copies not originals upon request.

Include all wage income for you and your spouse.


It also provides marketing, management, and technical assistance to microloan borrowers and potential borrowers. For your business phone, provide a direct business line, not a secretary or general business number.

Personal Financial Statement Form

The information contained on this website should not be construed as legal, financial or tax advice Boomer Business Solutions, LLC CANNOT provide you with legal or financial advice. Subsequently, readers should not act upon the information contained in this website without professional counsel.

The Personal Financial Statement Worksheet is used by a Midwest regional bank. It outlines all the information that conventional lenders will want to know about your personal finances, from a description of your assets and liabilities to identification of your sources of income. See more What others are saying "small business owners we hope that you will find them as de Company Financial Statement Template" "Statement form in pdf personal financial statement pdf statement Otherly".

sba issues new ‘personal financial information statement’ form effective july 24, Heads up SBA Lenders: Information Notice issued July 24, announces an updated Personal Financial Information Statement Form and the new form’s continued use through March 31, Commercial Term Lending Personal Financial Statement Important Information About Procedures for Opening a New Account: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

Community Small Business Enterprise (CSBE) Program. COMPLETING A PERSONAL FINANCIAL STATEMENT INSTRUCTION. All CSBE Owners MUST Submit An Up-To-Date Personal Financial Statement. Each CSBE Owner Must Provide His Or Her Own Individual Personal Financial Statement.

Married Owners, Must Provide Individual Personal Financial Statements.

Personal financial statement form sba
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