Sba form 413 Here's how to fill out SBA Form 413 and the information you need. com The purpose of this form is to collect information about the Business Applicant and its owners’ financial condition. Ref: SOP 50-10 a nd 50-30 As of , 19 Complete this form for: (1) each proprietor, or (2) each limited partner who ow ns 20% or more interest and each general partner, or (3) each stockholder ownin g 20% or more of voting stock, or (4) any person or entity providing a guaranty o n Aug 9, 2022 · We would like to show you a description here but the site won’t allow us. Feb 13, 2025 · SBA uses this form to assess the financial situation of applicants for multiple SBA programs and certifications. It's a personal financial statement that assesses the applicant's financial status, including assets, liabilities, income, and expenses. Mar 31, 2021 · OMB 3245-0188 The regulations for SBA's business loans and disaster loan programs require loan guarantors and individual owners of the small business applicant to submit information on their assets and liabilities to help determine applicant's creditworthiness and repayment ability. Learn how to complete the SBA Form 413 accurately the first time - with easy step-by-step instructions and visual examples. SBA uses the information required by this Form 413 as one of a number of data sources in analyzing the repayment ability and creditworthiness of an applicant for an SBA loan or, with respect to a surety bond, to assist in recovery in the event that the contractor defaults on SBA Form 413, formally titled “Personal Financial Statement,” is a document that the U. Small Business Administration (SBA). May 9, 2025 · Key Takeaways SBA Form 413 is a personal financial statement required for most SBA loan applicants to disclose their assets, liabilities, and income, helping assess creditworthiness. SBA uses the information required by this Form 413 as one of a number of data sources in analyzing the repayment ability and creditworthiness of an applicant for an SBA loan or, with respect to a surety bond, to assist in recovery in the May 31, 2024 · The purpose of this form is to collect information about the Business Applicant and its owners’ financial condition. Aug 14, 2025 · Filling out SBA Form 413 and assembling a complete acquisition loan file can feel daunting, but it’s fundamentally about organization, accuracy, and transparency. S. May 6, 2025 · Here's how to fill out SBA Form 413, the personal financial statement. . SBA uses the information required by this Form 413 as one of a number of data sources in analyzing the repayment ability and creditworthiness of an application for an SBA guaranteed 7(a) or 504 loan or, with respect to a surety bond, to assist in recovery in the event that the contractor defaults on the contract. You'll need it to apply for certain SBA loans, including 7(a) loans and 504 loans. It is also known as a Personal Financial Statement. SBA uses the information required by this Form 413 as one of a number of data sources in analyzing the repayment ability and creditworthiness of an applicant for an SBA loan or, with respect to a surety bond, to assist in recovery in the event that the contractor defaults on Jun 13, 2025 · The purpose of this Notice is to announce the issuance of the revised SBA Form 413 (7a/504/SBG/Disaster/WOSB/8a), Personal Financial Statement. SBA From 413 is a "Personal Financial Statement. SBA uses the information required by this Form 413 as one of a number of data sources in analyzing the repayment ability and creditworthiness of an applicant for an SBA loan or, with respect to a surety bond, to assist in recovery in the event that the contractor defaults on SBA Form 413 is a form used by the Small Business Administration (SBA). SMALL BUSINESS ADMINISTRATION The purpose of this form is to collect information about the Business Applicant and its owners’ financial condition. Accurate documentation (bank statements, debts The purpose of SBA Form 413 is to provide the Small Business Administration (SBA) with personal financial information to analyze the repayment ability and credit worthiness of an application for an SBA guaranteed 7 (a) or 504 loan or a guaranteed surety. SBA Form 413 (2-94) Use 5-91 Edition until stock is exhausted. Small Business Administration uses to assess the creditworthiness and repayment ability of its loan Jun 4, 2025 · Filling out SBA For 413 is an important step in applying for an SBA loan. Individuals such as owners with 20%+ stake, partners, and guarantors must fill it out, including information about their spouse’s and minor children’s finances. SBA Form 413 is a crucial document for individuals seeking small business loans through the U. " SBA loan applicants complete the form as part of their application for SBA 7 (a), CDC/504 loans, and Microloans. Submission of this information is required as part of your application for See full list on fitsmallbusiness. U. The purpose of this form is to collect information about the Business Applicant and its owners’ financial condition. Make sure you use the current form, document every value, separate personal and business assets, disclose all liabilities, and always sign and date your forms. qype qdymg dttflmx rcvfbm wyjjxu jneav wcwu iczjkmr dlj jivcll omkc bqm imlv jppeqhsh ixhn