A Guide to Writing Legal SBA Personal Financial Statement

Are you an entrepreneur looking to secure financial resources for your business venture? Knowing your finances is essential.

An SBA Personal Financial Statement can help you with that. It provides a thorough overview of all your assets and liabilities. Giving lenders and investors the information they need to decide whether to fund your business endeavor.

This blog will explore how an SBA Personal Financial Statement can benefit you. We’ll also discuss the important components of the template and some tips for completing it accurately and efficiently.

With this knowledge, you’ll be able to approach financing for your business confidently!

What Is an SBA Personal Financial Statement?

A Personal Financial Statement is a document used to provide lenders and investors with information about your current financial situation. It is usually requested when an individual or business entity applies for a loan, line of credit, or financing.

The template includes detailed information regarding all assets (property, investments, etc.) and liabilities (debts) the borrower holds. It also provides space to list monthly income sources and expenses.

The SBA personal statement template is created according to specifications provided by the Small Business Administration (SBA). The completed form will help lenders assess whether you can manage your debts and repay a loan promptly.

Components Included in the Personal Financial Statement

The personal financial statement includes several essential components. These include:

1. Personal Information

This Includes the Name, Address, and Contact Details of the Borrower or Business Entity Requesting the Loan.

2. Assets

This section lists all assets held by the borrower, such as cash, investments in stocks and bonds, real estate properties owned, motor vehicles, etc.

3. Liabilities

This section lists all debts held by the borrower, including credit card balances, loans from banks or other creditors. And also mortgages on real estate properties owned, taxes owed to a government entity, and so on.

4. Income Sources

This section provides an overview of any regular income sources received each month. This includes wages from a job, rental income from real estate properties owned, dividends from investments, etc.

5. Expenses

This Section Includes an Itemized List of Any Monthly Expenses Incurred, Such As Mortgage Payments, Loan Repayments, Utility Bills, Etc.

Tips for Completing the Personal Financial Statement

white and blue Sato chart
Photo by Giorgio Tomassetti on Unsplash

Completing a personal financial statement accurately is essential to obtaining funding for your business venture. Here are what you should know when completing the form:

  • Calm down and make sure all information is entered correctly and completely.
  • Gather all relevant documents, such as bank statements, tax returns, and investment records, before you begin.
  • Include only current assets and liabilities in the form. Any outdated information should not be included.
  • Double check all calculations before submitting the form. Make sure all totals are correct and accurate.
  • Answer any questions or address any issues the lender raises promptly and accurately.

SBA Personal Financial Statement Template

Name: _____________________

Date: ____________________

Address: ____________________________


Cash on hand/in bank accounts: $___________

Stocks and bonds investments: $___________

Real estate properties owned (include the value of each property): $___________

Motor vehicles owned (have the value of each car): $___________

Total Assets: $___________


Credit card balances (list all cards with balances):$___________

Loans from banks or other creditors (list loan amounts owed):$___________

Mortgages on real estate properties owned (list balance of each mortgage):$___________

Taxes owed to a government entity (list amounts):$___________

Total Liabilities: $___________

Income Sources

Wages from the job: $___________

Rental income from real estate properties owned:$___________

Dividends from investments:$___________

Other sources of income (specify what are the other sources):$___________

Total Income Sources: $___________


Mortgage payments (list amount paid per month for each mortgage):$___________

Loans repayments (list amount paid per month for each loan):$___________

Utility bills (list estimated monthly expenses):$___________

Other regular monthly expenses (specify what are the other sources): $___________

Total Expenses: $___________

Net Worth:

(Total Assets minus Total Liabilities = Net worth)

Net Worth: $___________


An SBA personal financial statement is essential for anyone seeking financing for their business venture. It provides lenders and investors with detailed insight into a borrower’s current financial situation.

Then make informed decisions on approving a loan request. This increase your chances of receiving funding for your business endeavor!

Abir is a data analyst and researcher. Among her interests are artificial intelligence, machine learning, and natural language processing. As a humanitarian and educator, she actively supports women in tech and promotes diversity.

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