Personal Financial Statement - Emprise Bank 2026

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  1. Click ‘Get Form’ to open the Personal Financial Statement in the editor.
  2. Begin with Section 1, where you will enter your individual information. Fill in your name, address, social security number, date of birth, and contact details accurately.
  3. If applicable, complete Section 2 for any other party's information. This includes their name, address, and financial details if you are relying on their income or assets.
  4. Proceed to Section 3 to detail your financial condition. List all assets and liabilities clearly. Ensure that you omit cents when entering dollar amounts.
  5. In Section 4, provide your annual income and expenditures for the year ended. Be thorough in detailing all sources of income and expenses.
  6. Review all sections for accuracy before signing electronically at the end of the document.

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List your assets: Identify and value all your assets using current market values for investments and real estate. List your liabilities: Include all your debts, noting the remaining balances and interest rates. Calculate your net worth: Subtract your total liabilities from your assets to determine your net worth.
At its core, a personal financial statement simplifies your financial details into two categories: Assets are what you own, such as cash, investments, real estate, savings, and valuable personal property like vehicles or jewelry.
Ordinarily a CPA can compile personal financial statements based on the individuals representation of the estimated current values of assets and the estimated current amounts of liabilities.
Decision Making: Financial statements aid banks in making informed decisions about the loan terms, interest rates, and collateral requirements they can comfortably extend. Creditworthiness: Your financial history helps banks determine your creditworthiness.
Two primary types of financial statements are the personal cash flow statement and personal balance sheet. A personal cash flow statement tracks money earned and spent, showing whether you have a positive or negative cash flow. A personal balance sheet summarizes your assets and liabilities to calculate your net worth.

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What is SBA Form 413? SBA Form 413, also known as the personal financial statement, is intended to collect details about applicants personal finances. The Small Business Administration and approved lenders use this form to help determine a borrowers creditworthiness and ability to repay the loan.

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