How recent must a personal financial statement be for SBA?

Janover Capital editorial team · Checked November 9, 2026

Short answer

SOP 50 10 8.1 says within 90 days. Appendix 20 measures from submission to SBA, and Sec. A, Ch. 5 from loan approval. SBA Form 413 still prints 120 days for 7(a) and 504 loans, so plan around 90.

Plan around 90 days. SBA's current procedures and its form state different numbers, and 90 days satisfies both.

What each document says

Appendix 20, Para. A.1.c (p. 416). Owner statements must be signed and dated within 90 days of submission to SBA.
Sec. A, Ch. 5, Para. A.1.e (p. 93). Guarantor statements must be dated within 90 days of loan approval.
SBA Form 413 (05-24), p. 2. The statement must be within 120 days of submission on 7(a) and 504 loans.

504 loans

Form 413 or the Certified Development Company (CDC)'s equivalent must be signed and dated within 90 days (SOP 50 10 8.1, Sec. C, Ch. 1, Para. F.2.a.xii). A later extension request needs personal statements dated within 90 days (Sec. C, Ch. 2, Para. A).

Why the numbers differ

SOP 50 10 8.1 took effect October 1, 2026. The form dates from May 2024. SBA says it is updating application forms to match the SOP (Information Notice 5000-880695). None of these documents says which number controls.

If timing slips

Expect to refresh the statement if your application or closing moves past the date. Ask your lender which date it measures from. Supplemental Guarantors are excluded from the statement requirement. Business financial statements follow a separate 120-day rule (Appendix 20, Para. A.1).

Sources

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