For SBA lenders
Short answer
SBA Form 413 (Personal Financial Statement) collects detailed financial information from individuals required to guarantee the loan. It must be completed by all owners of 20% or more, non-owner spouses, and other key individuals as required by the lender and SBA.
SBA Form 413 provides the lender and SBA with a snapshot of an individual's personal assets, liabilities, and net worth. This information is critical for assessing the personal financial strength and repayment ability of guarantors, ensuring they meet prudent lending standards. The form also captures details on contingent liabilities and other relevant financial commitments.
For a business with two owners, one owning 70% and the other 30%, both would be required to complete and sign SBA Form 413. If the 70% owner's spouse is not an owner but has significant personal assets, the lender might also require the spouse to complete a Form 413.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 10 - Lender and Development Company Loan Programs
SBA Form 1919 - Borrower Information Form
Last checked 2026-06-13. Official sources control — verify before relying on any rule for a live deal.
Last reviewed 2026-06-13 · SBA sources checked through 2026-06-13. DealRoom analysis of public SBA 7(a) lending records (FY2020–present). Grounded in the current SBA rulebook; verify against the official sources above before relying on it for a live deal. Not legal, tax, or financial advice, and not an approval decision.
More on required forms (1919, etc.)
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