Blank Personal Financial Statement Forms

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Learn what a personal financial statement is, why it's helpful as part of your loan package, and how to prepare a personal financial statement.

A personal financial statement is a document that shows your personal assets and liabilities as well as your personal net worth.

The personal financial statement shows assets and liabilities and net worth at a specific point in time, so just prepare the document with the most recent information you have.

Your lender understands that some of this information is changing as you go about making your personal financial transactions (making payments, for example). As part of your preparation for presenting your business plan, you should run a complete credit report on yourself, because the lender will certainly do this.

Your net worth is the difference between your assets and your liabilities.

For example, if you have a house and a car with a value of 0,000, and you have a mortgage and car loan for ,000, your net worth is ,000.Net worth for an individual is similar to owner's equity for a business.Note that rentals don't show on the personal financial statement, because there is no ownership.For example, if you have a home mortgage, the lender may want an appraisal on the home and a statement showing the balance still owed on the mortgage.Finally, be sure to be honest, complete, and accurate when preparing and presenting your personal financial statement.If you look at the SBA financial statement document, you'll see that "Knowingly making a false statement on this form is a violation of federal law..." and falsely stating your personal financial situation to a bank can be just as damaging.Personal financial statement is a form or document which reveals the detailing of a person’s or a business’s financial state in a particular period of time.Lenders, and most equity investors, want to know not only about your business's financial position, but also about the personal financial profile of the business's owners.The Personal Financial Statement Worksheet is used by a Midwest regional bank.Renting a house or leasing a car creates a monthly expense, but you don't own these items, so they don't get included in this statement.If you are presenting a business plan or business loan request to a lender, they will probably ask for a personal financial statement.

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