Do you add a business loan in a personal financial statement?
Only if you are personally liable for it. A guaranteed or co-signed business loan goes under contingent liabilities; a loan with no personal guaranty stays off.
The answer,
in full.
Checked against the current SBA rules and forms on October 28, 2026.
Only if you are personally on the hook for it. A loan in the business’s name that you have not guaranteed is a business liability. It belongs on the company’s balance sheet. A personal financial statement lists personal assets and personal debts.
A business loan you personally guaranteed, co-signed, or took out in your own name is different, and it has a specific home on SBA Form 413. A guaranteed or co-signed loan goes on the contingent liabilities panel beside Section 1, on the “As Endorser or Co-Maker” line, with the balance you would owe if the business stopped paying. A loan you borrowed personally and lent on to the business goes under Notes Payable to Banks and Others in Section 2, like any other personal note.
Lenders cross-check the form against your credit report, where a personally guaranteed loan often appears. Leaving it off reads as an omission, and that is the kind of gap that sends a form back.
Start your statement.
Free for 7 days. No credit card.