Who has to complete SBA Form 413?

Generally each owner with a significant stake in the applicant business — the SBA's ownership threshold has commonly been 20% — plus guarantors and, for some programs, spouses of owners. The exact set of people varies by program and lender, so the lender's checklist is the authority for your application.

Is the SBA personal financial statement the same as a personal balance sheet?

Essentially yes: it lists what you own (assets), what you owe (liabilities), and the difference (net worth) as of a specific date, plus supporting schedules for notes payable, real estate, stocks and bonds, and contingent liabilities, and a short income section. It's a snapshot, not a year's activity.

What date should the statement be 'as of'?

A recent date — lenders typically want the statement to be current within a few months of the application — and every figure should be as of that same date. Cash figures taken from bank statements should come from the statement covering that date.

Do I need to attach bank statements to Form 413?

The form itself doesn't require attachments, but lenders verify the cash and account balances it lists against statements, so expect to supply them. Business bank statements enter the package separately as evidence of the company's cash flow.

SBA Form 413, the personal financial statement: what it asks and where the numbers come from

Published September 7, 2026

The short answer: SBA Form 413 is the personal financial statement — a personal balance sheet that each significant owner and guarantor completes so the lender can see the people behind the business: what they own, what they owe, and what they could stand behind a loan with. It sits alongside the business bank statements in an SBA package, and its numbers get verified against account statements, so the job is to fill it in accurately, as of one date, with the paperwork behind every figure ready.

Form versions, thresholds and program rules change; the SBA's current form and your lender's instructions are authoritative. This is background on the statement as of 2026, not advice on your application.

What the form asks for

Section	What goes in it	Where the number comes from
Assets	Cash on hand and in banks, savings, retirement accounts, receivables, life insurance cash value, stocks and bonds, real estate, vehicles, other property	Bank and brokerage statements as of the statement date; appraisals or reasonable market values for property
Liabilities	Accounts payable, notes payable, installment loans (auto and other), mortgages, unpaid taxes, other debts	Latest loan and card statements — the payoff balance, not the monthly payment
Net worth	Assets minus liabilities	Arithmetic — and the number the lender reads first
Income and contingent liabilities	Salary, investment and real-estate income, other income; guarantees, co-signed debts, pending legal claims	Pay records, tax returns, loan documents you've guaranteed
Schedules	Detail for notes payable, stocks and bonds, real estate, life insurance, unpaid taxes and other debts	The same statements, itemized: lender, original amount, balance, payment, terms, collateral

Filling it in without sending it back

One date for everything. Pick the "as of" date and take every balance from the statement that covers it. A cash figure from March next to a mortgage balance from December is the most common reason a lender asks for a redo.
Schedules must tie to the totals. If the real-estate schedule lists two properties, the assets line for real estate is their sum, and the mortgages line is the sum of their loans. Lenders add these up.
Balances, not payments. Liabilities are what you owe today. The monthly payment goes in the schedule's payment column, not the balance.
Don't leave contingent liabilities blank if they exist. A personal guarantee on the business's existing loan is a contingent liability. Omitting it doesn't hide it — the lender sees the loan on the business side.
Joint statements. Where a spouse's finances are included, mark the form as joint and include both sets of assets and liabilities consistently.
Sign and date it. An unsigned statement is not a statement. Note the certification language: figures are attested as true, and knowingly false statements carry legal consequences.

Where the bank statements come in

The cash and savings lines are the ones a lender can check to the cent, and they will: the balances on Form 413 get compared to the bank statements covering the as-of date. Use the statement's printed ending balance, not an app's available balance on a random day. If you hold several accounts, a quick summary sheet — account, statement date, ending balance — is worth attaching, and if those statements are long, converting them to a spreadsheet makes the summary a formula instead of a retype. Never edit a statement to match the form; correct the form.

How it fits with the rest of the package

Form 413 speaks for the owners; the business bank statements, tax returns, interim financials and debt schedule speak for the company. Underwriters read them together — a personal statement showing strong liquidity next to business statements showing repeated overdrafts raises exactly the question you'd expect. Brokers and packagers assembling many applications keep the two streams organized per client, which is the same per-client separation our Firm tier is built around for the statement side.

Questions people ask

Who has to complete SBA Form 413?: Generally each owner with a significant stake in the applicant business — the SBA's ownership threshold has commonly been 20% — plus guarantors and, for some programs, spouses of owners. The exact set of people varies by program and lender, so the lender's checklist is the authority for your application.
Is the SBA personal financial statement the same as a personal balance sheet?: Essentially yes: it lists what you own (assets), what you owe (liabilities), and the difference (net worth) as of a specific date, plus supporting schedules for notes payable, real estate, stocks and bonds, and contingent liabilities, and a short income section. It's a snapshot, not a year's activity.
What date should the statement be 'as of'?: A recent date — lenders typically want the statement to be current within a few months of the application — and every figure should be as of that same date. Cash figures taken from bank statements should come from the statement covering that date.
Do I need to attach bank statements to Form 413?: The form itself doesn't require attachments, but lenders verify the cash and account balances it lists against statements, so expect to supply them. Business bank statements enter the package separately as evidence of the company's cash flow.

This guide is about file conversion and bookkeeping tooling — it isn't tax, accounting, or legal advice. Verify converted data against the source statement before filing or posting it.