Key takeaways
Fill, sign, and submit Generic Personal Financial Statement from any browser — or have AI generate a custom version in seconds. No installs, no printing, no back-and-forth.
- SBA Form 413, the Personal Financial Statement, provides a detailed snapshot of an individual's assets, liabilities, and annual income.
- Individuals applying for SBA loans, including proprietors and corporation officers owning at least 20 percent of equity, must complete this form.
- If applying for joint credit, both the applicant and the co-applicant are required to provide their financial information and sign.
- The form requires specific details on cash, investments, real estate, notes payable, unpaid taxes, and various contingent liabilities.
- Applicants must sign and date the document to certify that all provided financial information is true and complete.
- Knowingly making false statements on this form can result in fines, imprisonment, and the denial of SBA financial assistance.
What is Generic Personal Financial Statement?
Personal Financial Statement is a formal document used by the U.S. Small Business Administration to evaluate the financial standing of individuals seeking business loans or disaster assistance. Its primary purpose is to provide a comprehensive snapshot of an applicant's financial health, including their total assets, liabilities, and annual income. By reviewing this data, the SBA and its lending partners can determine an individual's creditworthiness and ability to repay debt. This form is essential for proprietors, partners, and corporate officers owning at least twenty percent of a business.
The form requires detailed reporting across several sections, such as cash on hand, stocks and bonds, real estate holdings, and unpaid taxes. It also addresses contingent liabilities like legal claims or debt guarantees. To finalize the financial condition statement pdf, the applicant and any co-applicant must provide their signatures to certify that all information is true and complete. This signing requirement ensures accountability for the data provided, which is critical for the SBA's assessment process. Both parties must sign when applying for joint credit.
Issued by the U.S. Small Business Administration (SBA)
Who needs the Generic Personal Financial Statement — and who doesn't
Not everyone files Generic Personal Financial Statement. The checklist below tells you whether it applies to your situation — and points you to the right alternative if it doesn't.
You need this Generic Personal Financial Statement if…
- you are an individual applying for a U.S. Small Business Administration business loan, disaster loan, or other financial assistance
- you are a proprietor, partner, or officer of a corporation owning 20% or more of the equity
- you are applying for joint credit and must complete the application as a co-applicant
You do not need this Generic Personal Financial Statement if…
- you are not seeking a loan or any other form of financial assistance from the U.S. Small Business Administration
- you own less than 20% of the equity in the business entity applying for the assistance
Why you need the Generic Personal Financial Statement
Why people fill out Generic Personal Financial Statement, and what tends to go wrong when they don't.
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SBA Loan Eligibility This form is essential for individuals seeking SBA disaster or business loans, as it allows the agency and its partners to evaluate personal creditworthiness and overall financial strength for assistance.
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Detailed Asset Tracking By documenting specific assets such as real estate, stocks, and life insurance alongside liabilities like unpaid taxes, you establish a clear, organized, and comprehensive snapshot of your total net worth.
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Verified Joint Applications When applying for joint credit, the signatures of both the applicant and co-applicant certify that the financial disclosures are accurate, fulfilling a critical legal requirement for SBA financial assistance programs.
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Digital Form Management You can complete, eSign, and share your Personal Financial Statement using pdfFiller, an online platform designed for editing and managing PDF documents and forms directly within your web browser.
What each section of Generic Personal Financial Statement means
Every section explained — what it's asking, the records you'll need on hand, and the mistakes that most often cause a rejection or follow-up request.
| Personal Asset Details | Enter the current market values for all personal assets, including cash on hand, savings accounts, stocks, bonds, real estate, and the cash value of life insurance. |
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| Outstanding Liability Details | Provide the remaining balances for all personal debts, such as accounts payable, notes owed to banks, installment accounts, mortgages, and any unpaid tax obligations. |
| Annual Income Sources | Report your total yearly income from all sources, including your primary salary, net investment returns, real estate income, and any other recurring financial gains. |
| Contingent Liability Information | Disclose potential financial obligations where you serve as a guarantor or endorser, as well as any pending legal claims, judgments, or special tax provisions. |
| Detailed Financial Schedules | Complete supplementary schedules to provide itemized data for stocks and bonds, real estate holdings, notes payable, and life insurance policies listed in the summary sections. |
How to fill out Generic Personal Financial Statement using pdfFiller
A walkthrough from the first field to the signature line. With your records in front of you, most people finish in under ten minutes.
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Open the Document Click Get Form to open Personal Financial Statement in the pdfFiller editor to begin entering your data into the digital personal financial statement template for your SBA application.
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Report Annual Income Navigate to the Sources of Income section and click the fillable fields to type in your annual salary, net investment income, and real estate income for the year.
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Itemize Your Assets Enter values for your cash on hand, savings accounts, and stocks into the Assets section, ensuring you also include the current market value of real estate and personal property.
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List Personal Liabilities Document your debts by filling out the Liabilities section, including accounts payable, notes payable to banks, installment accounts for autos, and any outstanding mortgages or unpaid taxes.
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Detail Contingent Liabilities Use the editor to provide information on potential debts, such as legal claims, judgments, or your status as an endorser or guarantor, to complete the financial condition statement pdf.
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Complete Detailed Schedules Fill out the required schedules for stocks and bonds, real estate owned, and life insurance held, providing the specific details requested for each asset and debt category.
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Sign and Date Click the Sign tool to add a legally binding e-signature for the applicant and co-applicant, then use the Date tool to mark the day of completion.
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Save and Share Save your finished PDF to pdfFiller's secure encrypted storage, where you can then download the document, send it via email, or share it through a secure link.
Deadlines, key dates & penalties for Generic Personal Financial Statement
When Generic Personal Financial Statement is due, what late filing actually costs, and how to request more time if you need it.
| Filing Deadline | There is no fixed periodic deadline for this form independent of the loan application process; it is typically submitted to the U.S. Small Business Administration or its authorized lending partners as part of a complete application package. |
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| Penalties for False Statements | Knowingly making a false statement or misrepresentation to the SBA to influence any action or obtain a loan may result in up to two years of imprisonment, a fine of up to $5,000 under 18 U.S.C. § 1001, civil penalties, administrative sanctions, and the denial of financial assistance. |
Recent changes to Generic Personal Financial Statement
The Personal Financial Statement (SBA Form 413) was last revised in January 2023. This version is the current standard for individuals, proprietors, and partners providing a snapshot of their financial condition to the U.S. Small Business Administration.
Using the most recent edition ensures that all required assets and liabilities are reported accurately. To finalize the document, the applicant and any co-applicant must sign and date the statement, certifying that the financial details provided are true and complete to the best of their knowledge.
Pointer: Ensure both the applicant and any co-applicant sign the form to certify the accuracy of the reported financial data.
Related content
The forms, guides, and worksheets most filers reach for alongside Generic Personal Financial Statement.
Key terms used in Generic Personal Financial Statement
A one-sentence glossary of the Generic Personal Financial Statement terms and concepts you'll see throughout this guide.
- Assets
- Everything an individual owns that has monetary value, including cash, real estate, stocks, bonds, and personal property.
- Liabilities
- Financial debts or obligations owed to others, such as bank notes, mortgages, unpaid taxes, and installment accounts.
- Contingent Liabilities
- Potential debts that may occur depending on future events, like legal claims or obligations as a loan guarantor.
- Joint Credit
- An application for financial assistance by two individuals who share responsibility for the debt and provide combined financial data.
- Schedules
- Detailed supplementary lists within the form that break down specific holdings like stocks, real estate, and life insurance.
Frequently asked questions about Generic Personal Financial Statement
Quick answers to the questions we hear most often about completing the Generic Personal Financial Statement.
The Personal Financial Statement (SBA Form 413) is used to provide a detailed snapshot of an individual's financial condition for evaluating SBA loan eligibility. This document outlines an individual's total assets, liabilities, and annual income to help determine overall creditworthiness. You can use pdfFiller to fill out this personal financial statement template and save the finished PDF to your secure account.
Individuals applying for SBA business or disaster loans, including proprietors, partners, and officers owning 20% or more of the equity, must complete this form. This requirement applies to those seeking financial assistance from the Small Business Administration. If applying for joint credit, both the applicant and co-applicant must provide their information and sign the document to certify its accuracy.
This form requires comprehensive reporting on cash, real estate, stocks, and various debts like mortgages and unpaid taxes. It also captures annual income sources and contingent liabilities like legal claims or debt guarantees. Using pdfFiller, you can organize these details in a financial condition statement pdf and share the finished document via email or link.
Knowingly making a false statement on the Personal Financial Statement can lead to up to two years of imprisonment and a $5,000 fine. Additionally, applicants may face civil penalties, administrative sanctions, or the denial of their loan or financial assistance. It is essential to ensure that all information is true and complete before the applicant and co-applicant sign the form.
Both the applicant and a co-applicant must sign the Personal Financial Statement if they are applying for joint credit. This certification ensures that all financial information provided is true and complete to the best of their knowledge. Using pdfFiller, you can add legally binding e-signatures and securely store the document in storage that is compliant with GDPR and SOC 2.
The form is submitted to the U.S. Small Business Administration or its authorized lending partners as part of a complete loan application package. There is no fixed periodic deadline for the form itself, as its submission depends on the timing of the loan request. pdfFiller allows you to fill and edit the form in your browser and then send it by email or fax once completed.
