Glossary · People and paperwork
In short
This document summarizes your personal assets, liabilities, and net worth. Lenders require it to assess your financial capacity and collateral available for a personal guarantee.
You'll submit a Personal Financial Statement (SBA Form 413) as part of your SBA 7(a) loan application. It provides the lender with a complete picture of your personal financial strength, including liquidity and assets available to back your personal guarantee or cover a collateral shortfall.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
SBA Form 1919 — Borrower Information Form
U.S. Small Business Administration · SBA form
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
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