How to fill out SBA Form 413 Personal Financial Statement?

Follow these steps to complete SBA Form 413. Step 1: Gather financial documents. ... Step 2: Select your loan or contracting program. ... Step 3: Fill in personal and business information. ... Step 4: Add your assets and calculate their total value. ... Step 5: Add your liabilities and calculate their total value.

What is SBA Personal Financial Statement Form 413?

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 the contract.

What is secured or endorsed type of collateral?

How secured or endorsed/Type of collateral: Describe the object or property used as collateral, such as the make and model of the automobile securing the loan. If collateral wasn't required, write unsecured in the text box. Most credit cards are unsecured.

What is an SBA personal financial statement?

SBA uses this form to assess the financial situation of applicants for multiple SBA programs and certifications. This form is used to assess repayment ability and creditworthiness of applicants for: 7(a) loans.

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36-12 Updated Sba Form 413 - Nadco - Nadco

Get 36-12 Updated Sba Form 413 - Nadco - Nadco

Technical Issues Memo 36-12 To: NADCO Members (Please disseminate to all appropriate personnel) From: Mary Mansfield, Vice Chair for Regulatory Affairs Subj: Updated SBA Form 413 (05-12) Date: August.

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