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Personal Financial Statement 7 a 504 Loans and Surety Bonds Form

Personal Financial Statement 7 a 504 Loans and Surety Bonds Form

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hey in this video I am going to walk you through how to fill out the SBA personal financial statement also known as the SBA form 413 uh so this form is probably one of the most important forms in your SBA loan application uh it is your personal financial statement so this is helping the SBA understand your personal financial situation not just uh your business so yes your your business plan your projections your past historical Financial results if you're in existing business those are all going to be really important uh but especially for startups or early stage businesses your personal financial statement is going to be critical uh and so I am going to walk you through because this form um can get a little bit tricky you know it's a government form there's there's some language in here that um doesn't always make the most sense and um during my time uh as an SBA micr lender I I spent over a decade as the executive director of an SBA micr lender

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