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.
22 min read
Official SBA Requirement
SBA Form 413 (Personal Financial Statement)
The mandatory personal financial statement for SBA 7(a) and 504 loan applications. Download the official PDF or generate it automatically.
SBA
OMB Control No. 3245-0188
Important for Applicants
This form must be current within 90 days of your application. If your loan process takes longer, you will be required to fill it out again.
How to Complete SBA Form 413
The SBA requires detailed disclosure of all assets and liabilities. This includes:
Assets to Disclose
- Cash on hand & in banks
- Savings accounts
- IRA or other retirement accounts
- Life insurance (Cash Surrender Value)
- Stocks and bonds
- Real estate
Liabilities to Disclose
- Accounts payable
- Notes payable to banks and others
- Installment account (Auto)
- Loans on life insurance
- Mortgages on real estate
- Unpaid Taxes
Handling Multiple Items & Schedules
The SBA Form 413 has limited space on the main form. If you have more items than can fit, overflow items must be placed on separate schedules.
| Section | Main Form Capacity | Overflow Schedule |
|---|---|---|
| Real Estate Properties | 3 properties | Schedule C |
| Stocks, Bonds & Securities | 4 items | Schedule B |
| Notes Payable | 5 items | Schedule A |
How It Works Automatically
When you use StatementsReady, our system automatically detects when you exceed these limits.
- Items up to the limit are placed on the main form.
- Additional items are automatically moved to the correct schedule page.
- Your final PDF export includes the main form plus all necessary schedule attachments in a single file.
Don't Let Paperwork Delay Your Loan
StatementsReady connects to your bank accounts and automatically populates the official SBA Form 413. No manual data entry, no math errors, and instant updates when the bank asks for a "fresh" copy.
Auto-Fill SBA Form 4138 min
Average completion time
Frequently Asked Questions
Who needs to fill out SBA Form 413?
SBA Form 413 is required for all proprietors, partners, officers, directors, and stockholders with 20% or more ownership in the small business applicant. It is also required for any guarantors.
Is this the latest version of SBA Form 413?
Yes, this template corresponds to the latest OMB Control No. 3245-0188. Using an outdated form can delay your loan application.
Can I sign SBA Form 413 electronically?
Yes, the SBA accepts electronic signatures. StatementsReady generates a digitally signable version of this form automatically.
How to complete SBA Form 413
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.
22 min read