# SBA Form 413: Personal Financial Statement

**Short answer:** SBA Form 413 is the Personal Financial Statement. Each proprietor, general partner, LLC managing member, owner of 20% or more and loan guarantor completes one. On 7(a) loans it must be dated within 90 days of submission to SBA (SOP 50 10 8.1, Appendix 20, Para. A.1.c).

Canonical page: https://www.sbaexpress.loans/forms/sba-form-413/
Last checked: 2026-11-09

Edition in use

SBA Form 413 (05-24). SBA's page shows an effective date of February 13, 2025. Its notice announcing the form is effective June 13, 2025, and SBA accepts only this edition after a 60-day transition (Information Notice 5000-868123). OMB 3245-0188, expires August 31, 2027. A Spanish translation is posted for information only, and applications must be in English.

[See the form on sba.gov](https://legacy.sba.gov/document/sba-form-413-personal-financial-statement)

## Who completes it

Each proprietor, general partner, LLC managing member, owner of 20% or more and loan guarantor (Form 413 instructions). Owners include a spouse's and minor children's assets. Your lender may use its own equivalent form (SOP 50 10 8.1, Appendix 20, Para. A.1.c).

## When it is used

With the application, signed and dated within 90 days of submission to SBA on 7(a) loans (SOP 50 10 8.1, Appendix 20, Para. A.1.c). On 504 loans, it or the CDC's equivalent must be signed and dated within 90 days (Sec. C, Ch. 1, Para. F.2.a.xii).

## What it asks

- Your contact details, the business name and type, and the date the statement is current as of.
- Assets: cash, savings, retirement accounts, receivables, life insurance cash value, stocks and bonds, real estate, vehicles and other property.
- Liabilities: accounts payable, notes, installment accounts, life insurance loans, mortgages, unpaid taxes and other debts, then net worth.
- Income from salary, investments, real estate and other sources, plus contingent liabilities such as debts you endorsed or co-signed.
- Schedules for notes payable, securities, each parcel of real estate, other property, unpaid taxes, other liabilities and life insurance.
- Your signature, Social Security number and authorization to verify the statement.

## A filled-in example

This example is made up. Sample Bakery LLC, the people, the lender and every figure are fictional, and the ID numbers are zeros. It shows what finished entries look like, using the form's own field names.

**Made-up entries for SBA Form 413**

| Field on the form | Example entry |
| --- | --- |
| Name | Pat Sample |
| Business Name of Applicant/Borrower | Sample Bakery LLC |
| Business Type | LLC |
| This information is current as of | 10/01/2026 |
| Assets: Cash on Hand & in banks | $18,000 |
| Assets: IRA or Other Retirement Account | $45,000 |
| Assets: Real Estate | $310,000 |
| Assets: Automobiles | $22,000 |
| Assets: Total | $395,000 |
| Liabilities: Notes Payable to Banks and Others | $9,000 |
| Liabilities: Installment Account (Auto) | $14,000 |
| Liabilities: Mortgages on Real Estate | $228,000 |
| Total Liabilities | $251,000 |
| Net Worth | $144,000 |

An example only. Use your own facts on the real form, and check that your copy is the edition named above.

## Common mistakes

- Using the form's 120-day line. Page 2 says 120 days for 7(a) and 504 applicants. So did SBA's 2025 notice, which expired June 1, 2026 (Information Notice 5000-868123). SOP 50 10 8.1 requires the owner statement signed and dated within 90 days of submission to SBA (Appendix 20, Para. A.1.c).
- Assuming SBA Express skips it. Appendix 20's SBA Express exceptions do not remove the owner financial statement (Para. B.3).
- Leaving out family assets. An owner's statement includes the assets of a spouse and minor children (Appendix 20, Para. A.1.c).
- Assuming a non-owner spouse must sign. The form's certification line suggests it, but SOP 50 10 8.1 says non-owner spouses are not required to sign (Sec. A, Ch. 5, Para. A.2.b).
- Expecting every guarantor to file one. Supplemental guarantors are excepted (Appendix 20, Para. A.1.c).
- Leaving off co-signed debts. The contingent liabilities section asks about debts you endorsed or co-signed, legal claims and other special debts.
- Totals that do not tie. The form says total liabilities plus net worth must equal total assets.
- Listing alimony or child support as income by accident. The form says to leave it out of Other Income unless you want it counted.
- Following the wrong instructions. Page 1 has separate directions for 7(a), 504 and surety bonds, disaster loans, WOSB certification and the 8(a) program.

## Sources

- [SBA Form 413 (05-24), Personal Financial Statement](https://legacy.sba.gov/sites/default/files/2025-02/SBAForm413.pdf)
- [SOP 50 10 8.1, Appendix 20, Para. A.1.c and B.3 (pp. 416 and 419)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. A, Ch. 5, Para. A (p. 93)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. F.2.a.xii (about p. 259)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SBA Information Notice 5000-868123 (effective June 13, 2025; expired June 1, 2026)](https://legacy.sba.gov/document/information-notice-5000-868123-information-notice-5000-868123)