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The document is a Personal Financial Statement (Form 413) required by the U.S. Small Business Administration (SBA) for individuals applying for 7(a) or 504 loans and surety bonds. It collects detailed financial information about the applicant's assets, liabilities, income sources, and contingent liabilities to assess creditworthiness and repayment ability. The form must be completed by key stakeholders in the business and submitted to the appropriate lender or agency. It also includes legal notices regarding penalties for false statements and compliance with various federal laws.

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2021	4.8 Satisfied (140 Votes)
2018	4.3 Satisfied (105 Votes)
2014	4.4 Satisfied (540 Votes)
2012	4.3 Satisfied (105 Votes)
2011	4.3 Satisfied (35 Votes)
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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Which are eligibility requirements for a SBA grant choose 3 answers?

Eligibility requirements Be an operating business. Operate for profit. Be located in the U.S. Be small under SBA size requirements. Not be a type of ineligible business. Not be able to obtain the desired credit on reasonable terms from non-federal, non-state, and non-local government sources.

What will disqualify you from an SBA loan?

The most common reasons SBA loans are denied are poor credit, too much-existing debt, or insufficient collateral. Other reasons include: Prior bankruptcy. Negative taxable income.

What can I spend my SBA disaster loan on?

Home Disaster Loans Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles. SBA disaster loans also may be used to pay insurance deductibles, if needed.

What is the easiest SBA loan to get approved for?

What is an SBA Express loan? This term loan or line of credit offers fixed or variable SBA loan rates as well as the easiest SBA application process, quick approval times, flexible terms, and lower down payment requirements than conventional loans.