What every business-loan lender, SBA or conventional, actually looks at on your personal financial statement, plus the thresholds underwriters quietly use.
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.
A personal financial statement template captures your assets, liabilities, and net worth on a short balance-sheet form. Here is what each section needs.
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.