The personal guarantee
Most small business loans carry one. The lender wants to see what backs your signature: cash, property, investments.
On a business loan, you are the guarantee.
A personal financial statement for a business loan lists the owner's personal assets and liabilities. Lenders read it beside the business financials because the owner usually signs a personal guarantee, and SBA requires its own version, Form 413, from every 20%-or-more owner and every guarantor on 7(a) and 504 loans.
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Why the lender
reads your personal balance sheet.
The business P&L says whether the business can pay. Your statement says what happens if it cannot.
Other guarantees you have signed
Lenders ask about contingent liabilities, meaning other loans you have guaranteed. The statement has a line for them, and leaving it blank reads as concealment.
Your stake in the business
The value of your ownership goes on the asset side. Getting that line right is where owners spend the most time.
One statement,
both forms.
Build the statement once. Export the bank version or SBA Form 413 from the same numbers.
SBA Form 413, filled
The current 2025 form, main sections filled from your statement and overflow written to labelled attachments, in one PDF.
Business interests as assets
The app has a line for business ownership with type, percentage, and value, so your stake is on the page the way the form expects.
Contingent liabilities
Record every loan you have guaranteed. It flows into the bank statement and into Section 1 of Form 413.
Share and sign
Sign in the app, invite a co-owner to sign by link, and send the lender a link that expires when you say.
What's
included.
Items marked Pro or Pro Plus need that plan. The free trial covers one connected bank, one statement, and one watermarked export.
- Personal assets and liabilities with current balances
- Business interests with ownership percentage and value
- Contingent liabilities for other guarantees
- SBA Form 413 export with attachments
- Standard PDF and Chase PFS exports, Word and Excel copies
- Signing and expiring share links
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Common questions.
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Do I need a personal financial statement for a business loan?
On most bank and SBA business loans, yes, from each owner the lender considers material. SBA sets the line at 20% ownership and every guarantor. Banks vary; ask what ownership threshold they use.
Is SBA Form 413 different from a regular personal financial statement?
It asks for the same numbers in SBA's own layout, with eight numbered sections and a certification. The current version took effect February 13, 2025, and for 7(a) and 504 loans submitted from October 1, 2026 it must be dated within 90 days of submission, even though the printed form still says 120.
How do I value my business on the statement?
Lenders accept a reasonable estimate: a recent valuation, a multiple of earnings, or book value, with the method noted. Be consistent between the statement and the business financials the lender also has.
What is a contingent liability?
A debt you would owe only if something happens, such as a loan you guaranteed for someone else. Lenders ask for them because they can become real debts overnight.
How often will the lender want it updated?
For a 7(a) or 504 application, SBA sets 90 days from October 1, 2026. After funding, many lenders ask for a fresh statement at annual review, and some loan covenants require it. With synced balances the update is an export, not a rebuild.
Start your statement.
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