Personal Financial Statement

Telling the Lender How Much You Are Worth

A Financial Statement is your verification to a lender of what you are worth along with how much your cash flow is.  This will inform the lender of your capability to borrow and how much they can lend you.  This is one more measure of your credit worthiness.

So as you build your wealth, you may need to buy a business or property and need the help of a lender to leverage your purchase.  Once you decide that you need a lender, you (and your partners) will be required to fill out SBA Form 413 or something very similar.  I strongly suggest downloading this form or getting a copy from your lender so you can practice filling it out.  It is reasonably complicated and does require some research and time on your part.

When you determined your Net Worth you created the first two parts of the Financial Statement:  Assets and Liabilities.

You will also need the following information:

Sources of Income:


Net Investment Income

Real Estate Income

Other Income (explanation required)

Contingent Liabilities:

Endorser or Co-Signer

Legal Claims and Judgments

Provisions for Federal and State Income Taxes

Other Debt (Loans to Friends, Family)

For each Bank Loan (Car Payments, Credit Cards, etc.):

Account Number

Original Balance

Current Balance

Payment Amount

Payment Frequency

For each Stock, Bond, and Mutual Fund:

Number of Shares

Security Name

Original Cost

Current Market Value

Date of Market Value

Total Value

For Each Real Estate you own:

Type of Property

Property Address

Purchase Date

Original Cost

Current Market Value

Name & Address of the Lender

Account Number

Current Balance

Monthly/Yearly Payment Amount

Status of the Loan

Other Personal Property and Other Assets:

(Describe, and if any is pledged as security, state name and address of lien holder, amount of lien, terms of payment and if delinquent, describe delinquencies.)

Unpaid Taxes:

(Describe in detail, as to type, to whom payable, when due, amount, and to what property, if any, a tax lien attaches.)

Other Liabilities:


Life Insurance Held:

(Face amount and cash surrender value of policies – name of insurance company and list of beneficiaries.)


About Gary

I am retired, but not tired. I still want to be valuable to others. I know that others are valuable to me. After looking back on six decades, I have asked myself this question: “What do I believe?” My mind filled up. My heart started beating faster. My spirit soared. I post blogs to share what my mind is working on, what my heart believes would help others and, what my spirit is communicating to me. What do I believe, you ask? Decisions dictate your path In love, not hate In tolerance, not prejudice In health, not sickness In wealth, not poverty In kindness, rudeness In happiness, not sadness In encouragement, not discouragement In faith, not doubt In courage, not fear I have been and will be challenged in each one of these beliefs, but the biggest belief is to stay positive and not turn negative. This belief helps me maintain all of the others.

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