Personal financial statement form instructions

Add you total liabilities to your total net worth. For your business phone, provide a direct business line, not a secretary or general business number. Put the name and address of the bank you owe money to. Each proprietor of the business.

SBA Form 413: Everything You Need to Know to Fill It Out

You will provide a full description of these properties in Section 4 on the 2nd page of this form. Make sure you provide the face value death benefit of your policy that would be provided to your beneficiaries if you die, as well as the cash surrender value if you have whole life of variable life.

If you have one of these policies, indicate the total you would receive.

You can obtain an estimate by calling a broker or use an online tool like Zillow or Trulia. Put the initial cost of your purchase.

File the short financial form

For residence phone, give your cell phone. List the purchase price.

Do not include leased vehicles in this total. Real Estate Owned This section is for a detailed description of all the property you own in your name. Use the same address that you list for Personal financial statement form instructions property on your personal tax return.

This is your annual net income from rental properties after expenses. List all of your debts on the chart. Fill in any other amounts deducted from your wages. This section includes any income from dividends and interest earned on stocks and bonds.

Since you are signing under the penalties of perjury, untrue statements can lead to criminal prosecution. If you made an agreement with someone without any documentation, that could cause you a significant amount of money, then you should list it here. Before you fill out the form you need to gather the following documents: Note the payment schedule, which is usually monthly.

Mortgages on Real Estate: Add up the value of all your liabilities here. For other loans, put the initial loan amount. Fill in the deductions that appear on your paycheck.

List only your income, not the income of other people involved in the case. Some examples of the types of liabilities that can be found here are: This section is for other income that you receive on a regular basis.

Try to use as accurate an estimate as possible and avoid over inflating the value. If you do not have enough space, attach another sheet of paper with the required information. If you are paid every two weeks, divide your gross income from each paycheck by 2.

Adjusted Net Weekly Income. This section is for the total balance of all your credit cards, personal loans, and personal lines of credit. Put the total amount you owe on all your personal mortgages. Applying for an SBA loan requires a lot of paperwork. Write in the legal name of your business as it is shown on your most recent business federal tax return.

This section is for products and services purchased on credit or on a regular payment basis. This section is for the total of all your vehicle loans and leases, including cars, boats, airplanes, etc. Fill in the present value of real estate, motor vehicles, retirement plans, life insurance, bank accounts, stocks and bonds and any other items of value you own.

Other Liabilities This section is a catch all where you can list any other liabilities not previously disclosed on the form.The SBA Form Personal Financial Statement is three pages long.

The first page provides an overview of your assets and liabilities, and subsequent pages ask for further detail on the numbers you provided on this first page.

SBA Form – the Personal Financial Statement is needed for SBA loan applicants to provide information on loan eligibility based on their own and their spouse’s personal net worth. This form is useful to those who apply for the following types of loans. A personal financial statement is a form or spreadsheet detailing a person's financial state at a certain point in time.

This statement is typically used to demonstrate a party's creditworthiness or financial stability. A personal financial statement form will outline an individual's financial situation in any given point in time.

Is the fillable personal financial statement accompanied by other forms? The personal financial statement is not accompanied by other forms of its kind, however, you may need to submit other required forms if applying for credit.

We would like to show you a description here but the site won’t allow us. PERSONAL FINANCIAL STATEMENT Section I Other Income of Other Person - Itemize Total Income Taxes Other Taxes Insurance Premiums Mortgage Payments Rent Payable Other Expenses I/We furnish the foregoing as a true and accurate statement of my/our financial condition.

Personal financial statement form instructions
Rated 4/5 based on 78 review