Garrett Pierson

Articles by Garrett Pierson

A personal financial statement showing assets, debts, and net worth beside bank statements and a property deed folder

Personal Finance

Personal Financial Statement for Divorce Disclosure

A personal financial statement for divorce inventories every asset and debt before you sign the court's sworn disclosure. Here is how to build one right.

June 8, 202615 min read

A red-brick mid-rise apartment building with a foreground clipboard comparing Property and Personal columns

Commercial Real Estate

DSCR vs. Personal-Income Mortgage for Investors

A DSCR loan qualifies the property; a personal-income mortgage qualifies you. Here's what each one asks for, what it costs, and when to choose which.

June 3, 202618 min read

A personal financial statement page beside a business balance sheet on a wooden desk, a pen resting between them

Personal Finance

Personal Financial Statement vs. Balance Sheet

A personal financial statement and a balance sheet both subtract what you owe from what you own. Here's what each shows and which a lender asks for when.

June 1, 202612 min read

A one-page Personal Financial Statement on a wooden desk with asset and liability columns, beside a pen and a calculator

Personal Finance

What Is a Personal Financial Statement? (2026 Guide)

A personal financial statement is a dated snapshot of your assets, liabilities, and net worth. Here's what goes on one, who needs it, and how lenders read it.

May 31, 202615 min read

A financial statement page on a wooden desk, a four-row contingent-liabilities panel beside the income box, pen across it

SBA Lending

SBA Form 413 Contingent Liabilities (Not Section 5)

On the current SBA Form 413, contingent liabilities sit beside Section 1, not in Section 5. Here is what counts on each of the four lines.

May 29, 202614 min read

A two-story fourplex rental building seen from the street, with a checklist on a clipboard on a brick wall in the foreground

Commercial Real Estate

DSCR Loan Requirements in 2026: What Lenders Want

DSCR loan requirements in 2026: the minimum ratio, FICO, down payment, and reserves most lenders set, plus the borderline cases that still get funded.

May 28, 202615 min read

A yellow legal pad lying on a warm wooden desk beside an open laptop, with a six-item checkbox list drawn in navy ink, the first three boxes checked

Business Lending

Personal Financial Statement for a Business Loan in 2026

What every business-loan lender, SBA or conventional, actually looks at on your personal financial statement, plus the thresholds underwriters quietly use.

May 27, 202617 min read

An SBA Form 413 personal financial statement on a clean desk with section dividers visible along the left margin and a black pen resting over Section 5

SBA Lending

How to Fill Out SBA Form 413: A Section-by-Section Guide

SBA Form 413 is the personal financial statement every 20%+ owner of an SBA 7(a) or 504 borrower submits. Here is how to fill out each section.

May 26, 202622 min read

A clean wooden desk with a personal financial statement template and a black ballpoint pen resting across it

Personal Finance

Personal Financial Statement Template: A 30-Minute Guide

A personal financial statement template captures your assets, liabilities, and net worth on a short balance-sheet form. Here is what each section needs.

May 26, 202615 min read

A multi-section personal financial statement with Assets and Liabilities columns and numbered section dividers along the left margin, photographed on a wooden desk with a pen, calculator, and reading glasses in soft window light

SBA Lending

SBA Form 413 Example: A Worked Walkthrough for a $350K 7(a)

A real example of a completed SBA Form 413 for a hypothetical 7(a) applicant, with every line annotated — what underwriters see and why it matters.

May 26, 202622 min read