{"ok":true,"canonical_url":"https://dealroom.so/glossary/personal-history-statement","api_url":"https://dealroom.so/api/public/glossary/personal-history-statement","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"personal-history-statement","term":"Personal History Statement","group":"People and paperwork","definition":"This is an SBA form (Form 1919) where you disclose personal background information, including any prior bankruptcies, criminal records, or federal defaults. It's required for all owners with 20% or more equity.","what_it_means":"The SBA uses this form to assess your character and eligibility. Be completely honest and upfront about any past issues, as omissions or misrepresentations can lead to loan denial or even fraud allegations later. Lenders will review this carefully.","url":"https://dealroom.so/glossary/personal-history-statement","official_sources":[{"slug":"sba-form-1919","title":"SBA Form 1919 — Borrower Information Form","official_url":"https://www.sba.gov/document/sba-form-1919-borrower-information-form","official_label":"View on SBA.gov","authority_tier":4,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sba-form-1919"},{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"}],"related":[{"slug":"form-1919","term":"Form 1919","url":"https://dealroom.so/glossary/form-1919"},{"slug":"felony","term":"Felony","url":"https://dealroom.so/glossary/felony"},{"slug":"bankruptcy","term":"Bankruptcy","url":"https://dealroom.so/glossary/bankruptcy"},{"slug":"fraud","term":"Fraud","url":"https://dealroom.so/glossary/fraud"}],"related_questions":[{"question":"When is an SBA Form 912 (Statement of Personal History) required for a non-owner guarantor?","url":"https://dealroom.so/for-lenders/questions/when-is-an-sba-form-912-statement-of-personal-history-required-for-a-non-owner-guarantor"},{"question":"When is SBA Form 912, Statement of Personal History, specifically required for 7(a) loan applicants?","url":"https://dealroom.so/for-lenders/questions/when-is-sba-form-912-statement-of-personal-history-specifically-required-for-7-a-loan-appl"},{"question":"What is the significance of the 'Statement of Personal History' form for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-is-the-significance-of-the-statement-of-personal-history-form-for-an-sba-7-a-loan"},{"question":"When is an SBA Form 912 (Statement of Personal History) specifically required for a non-owner guarantor?","url":"https://dealroom.so/for-lenders/questions/when-is-an-sba-form-912-statement-of-personal-history-specifically-required-for-a-non-owne"},{"question":"What is the significance of the \"Statement of Personal History\" section on SBA Form 1919 for eligibility?","url":"https://dealroom.so/for-lenders/questions/what-is-the-significance-of-the-statement-of-personal-history-section-on-sba-form-1919-for"},{"question":"What if my personal financial statement shows low liquid assets?","url":"https://dealroom.so/sba-loans/basics/what-if-my-personal-financial-statement-shows-low-liquid-assets"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Personal History Statement","url":"https://dealroom.so/glossary/personal-history-statement","source_type":"DealRoom Data"}}