Fillable SBA Form 770: Financial Statement of Debtor 2025

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The purpose of this Statement of Finances is to determine the debtors financial situation so that satisfactory payment arrangements to clear the arrears can be made. The statement provides a sworn summary of the debtors income, expenses, assets and employment.
Form 770 is the financial statement of debtor that is used by SBA servicing centers for actions that require current financial information for a specific borrower or debtor.
How to fill out SBA Form 413 Gather required documents. Select the SBA loan type or program. Enter business and personal information. Add your assets and their value. Add your liabilities and their value. List income and any contingent liabilities. Add any additional details. Review the form, sign and date.
This includes information about the borrowers assets, liabilities, income, and expenses. Financial statement analysis for a bank loan using various metrics helps lenders better understand the borrowers liquidity and financial stability.
Balance Sheet Representation: Debtors are shown as assets in the balance sheet under current assets, while creditors are shown as liabilities under current liabilities. Accounting Terms: Debtors are accounts receivable, whereas creditors are accounts payable.

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How to fill out SBA 770 Obtain the SBA Form 770 from the official SBA website or your local SBA office. Read the instructions carefully before starting to fill out the form. Enter your businesss legal name and address in the designated fields. Provide your businesss Employer Identification Number (EIN) if applicable.
The Debtors Statement is the primary external document used in the control of customers accounts, and the collection of funds from credit account customers. Typically a Debtors Statement is produced for each account at the end of each month after all relevant entries have been completed for the month.
Debtors are individuals or businesses that owe money to financial institutions or individuals. Debtors are often referred to as borrowers if they owe money to a bank or financial institution but theyre called issuers if the debt is in the form of securities.

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