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Replace Date Field in the Financial Statement (Personal)

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Aug 6th, 2022

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How to Replace Date Field in the Financial Statement (Personal)

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34 votes

when you go to apply for an sba loan one of the very first things your lender is going to request is the personal financial statement or 413 as the sba calls it government really needs to get better at naming forms anywho based on my 10 plus years experience as an sba lender youre gonna get this form wrong more often than you get it right and thats gonna lead to unnecessary back and forth between you and your lender and nobody wants that hey im ray drew an actual sba lender and in this video im gonna show you step by step how to fill out the 413 and at the end of this video im going to share the number one mistake applicants make when completing this form [Music] first of all make sure youre filling out the right version of the personal financial statement the sba updates it every couple of years in the top right of page one youll see an expiration date if the form is expired you have the wrong one page 1 shows the instructions for the form and based on my experience 99 of peopl

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Which of the following is not a personal financial statement?

Answer and Explanation: The correct answer is e. Revenue statement. A revenue statement is not a basic financial statement.

What are the three personal financial statements?

The three main types of financial statements are the balance sheet, the income statement, and the cash flow statement.

Which financial statement reports information as a specific date?

A balance sheet reports financial information on a specific date and includes the assets, liabilities, and owners equity. A balance sheet reports information about the elements of the accounting equation.

What are the 4 commonly used financial statements?

For-profit businesses use four primary types of financial statement: the balance sheet, the income statement, the statement of cash flow, and the statement of retained earnings.

What do you put on a personal financial statement?

A personal financial statement is a snapshot of your personal financial position at a specific point in time. It lists your assets (what you own), your liabilities (what you owe), and your net worth. To get your net worth, subtract liabilities from assets.

What are the personal financial statements?

A personal financial statement is a spreadsheet that details the assets and liabilities of an individual, couple, or business at a specific point in time. Typically, the spreadsheet consists of two columns, with assets listed on the left and liabilities on the right.

How do you write the date on a financial statement?

The income statement covers the entire period, whether that is a month, a quarter or a year. Therefore, when completing the income statement, the date in the heading should be For the (month/quarter/year) ended (date).

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