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PERSONAL FINANCIAL STATEMENT of Financial Condition As Of / / Applicant Name: Co-Applicant Name: Residence Address City, State, & Zip Business Phone Residence Phone JOINT CREDIT APPLICATION By submitting

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How to fill out Generic Personal Financial Statement

1. Start with personal information: Write your name, address, and contact information at the top of the form.
2. List assets: Include cash, bank accounts, investments, real estate, and any other valuable items.
3. Detail liabilities: List all debts, including mortgages, loans, credit card debts, and any outstanding bills.
4. Calculate net worth: Subtract total liabilities from total assets to get your net worth.
5. Include income sources: Document all sources of income such as salary, rental income, investment income, etc.
6. Summarize expenses: Provide a breakdown of monthly expenses including housing, utilities, groceries, etc.
7. Review and verify: Double-check all entries for accuracy and completeness before submitting.

Who needs Generic Personal Financial Statement?

1. Individuals applying for loans or mortgages.
2. Business owners seeking financing.
3. Financial advisors preparing for client consultations.
4. Anyone needing to assess or demonstrate their financial status.

• Who needs a Personal Financial Statement (PFS)?
• What is the PFS for?
• Is the PFS accompanied by other forms?
• • When is PFS due?
  • How do I fill out PFS?
  • Where do I send PFS?

Who needs a Personal Financial Statement (PFS)?

Any individual applying for a bank loan needs to provide his/her personal financial statement to the bank. An applicant may apply for an extension of credit individually or jointly with another applicant.

What is the PFS for?

Before extending a loan to an applicant, the bank has to evaluate the financial condition of the potential borrower. The applicant’s financial statement provides the bank with the information it needs to make the evaluation.

Is the PFS accompanied by other forms?

You do not have to file any other form but this one.

When is PFS due?

You and your bank agree upon the date of filing.

How do I fill out PFS?

The Form contains some instructions on how to fill it; please read the instructions carefully before you start filling the form.

You should provide the following information:

(1) Personal information including name, address, social security number, information about you current and previous employment, dependents, marital status;

(2) Assets including cash; securities; life insurance cash value; mortgages and contracts held by you; homestead; other real estate; profit sharing & pension; retirement accounts, including IRA accounts; automobile; personal property; and other assets.

(3) Liabilities: short terms notes due to financial institutions; short term notes due to others; credit accounts and bills due; insurance loans; installment loans and contracts; mortgages on home; mortgages on other real estate; taxes; and other liabilities.

You will have to give detailed information concerning most of the items above, completing respective schedules.

You should also provide information about your annual income including salary, bonuses, commissions, dividends, interest, net real estate income.

The form requires you to answer the following questions:

• Are you a co-maker, endorser or guarantor of any other person’s debt?

• Are you a defendant in any suit or legal action?

• Have you ever gone through bankruptcy or had a judgment against you?

• Have you made a will?

Finally, you should sign and date the Form.

Where do I send PFS?

You should send your Personal Financial Statement to your bank.

People Also Ask about blank financial statement download printable

What is an SBA personal financial statement?

This form is used to assess repayment ability and creditworthiness of applicants for: 7(a) loans. 504 loans. Disaster loans.

What is a personal financial statement form?

A personal financial statement is a form or spreadsheet detailing a person's financial state at a certain point in time. It details income; the financial worth of stocks, bonds, annuities, mutual funds, and life insurance; and values certain assets.

What should be included in 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.

How do I fill out a personal financial statement on SBA EIDL?

How To Fill Out the Personal Financial Statement Step 1: Choose The Appropriate Program. Step 2: Fill In Your Personal Information. Step 3: Write Down Your Assets. Step 4: Write Down Your Liabilities. Step 5: Fill Out the Notes Payable to Banks and Others Section. Step 6: Fill Out the Stocks and Bonds Section.

How do I make my own personal financial statements?

To create a personal financial statement, follow these simple steps: Create a spreadsheet that has a section for assets and one for liabilities. List your assets and their worth. List every liability as well as its worth. Determine the total of both assets and liabilities. Determine your net worth.

What is a personal financial statement for SBA loan?

SBA Form 413, formally titled “Personal Financial Statement,” is a document that the U.S. Small Business Administration uses to assess the creditworthiness and repayment ability of its loan applicants. This form collects information about your personal finances, such as assets, liabilities and sources of income.

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What is Generic Personal Financial Statement?

The Generic Personal Financial Statement is a document that provides a snapshot of an individual's financial situation, including assets, liabilities, and net worth.

Who is required to file Generic Personal Financial Statement?

Individuals applying for loans, credit, or financial assistance may be required to file a Generic Personal Financial Statement, as well as those seeking to disclose their financial status for personal or business reasons.

How to fill out Generic Personal Financial Statement?

To fill out a Generic Personal Financial Statement, one must provide accurate information regarding their assets, liabilities, income, and expenses, often requiring supporting documentation for verification.

What is the purpose of Generic Personal Financial Statement?

The purpose of a Generic Personal Financial Statement is to provide a comprehensive overview of an individual's financial health to assess creditworthiness and financial stability.

What information must be reported on Generic Personal Financial Statement?

The information that must be reported includes details about cash, bank accounts, investments, property, debts, loans, and other financial obligations.