OMB APPROVAL NO.: 3245-0188 EXPIRATION DATE: 01/31/2018 PERSONAL FINANCIAL STATEMENT WOMEN OWNED SMALL BUSINESS (WOSB) PROGRAM U.S. SMALL BUSINESS ADMINISTRATION This form must be completed by each.
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How to fill out the SBA Form 413 (WOSB) - SBA.gov - Sba online
Filling out the SBA Form 413 (WOSB) is a crucial step for individuals claiming economic disadvantage under the Women-Owned Small Business Program. This guide provides clear and detailed instructions on how to complete the form efficiently, ensuring that you provide accurate and relevant information.
Follow the steps to fill out the SBA Form 413 (WOSB) accurately.
- Press the ‘Get Form’ button to access the form and open it in your preferred editing tool.
- Begin by filling in your name, business phone number, and address, along with other contact details. Ensure that the information provided is complete and up-to-date.
- In the section regarding your business type, select the appropriate category such as Corporation, S Corp, LLC, Partnership, or Sole Proprietor.
- Indicate your marital status by selecting either 'Yes' or 'No' for the question regarding marriage.
- Next, move to the Assets section, where you will list each asset. Include cash, savings, retirement accounts, receivables, life insurance (cash surrender value), stocks, real estate, vehicles, and other personal property. Omit cents in the figures.
- Proceed to the Liabilities section. Document all your liabilities, including accounts payable, notes payable, loans against life insurance, and mortgages. Be meticulous with the described details, such as payment amounts and frequencies.
- Complete Sections 1 through 8 as necessary, detailing income sources, stocks, bonds, real estate holdings, unpaid taxes, and other liabilities.
- In the certification section, each individual claiming economic disadvantage must sign and date the form. This certifies the accuracy of the provided information.
- Finally, review your completed form for accuracy. Once you are satisfied with the information, you can save changes, download, print, or share the form as needed.
Ensure your application is complete by filing the SBA Form 413 (WOSB) online today.
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Get answers to your most pressing questions about US Legal Forms API.
What is the maximum net worth for SBA loan?
Your net income must be under $5 million (after taxes and not counting carry-over losses), and your tangible net worth must be less than $15 million. You must show you're investing your own time and money into the business, having “invested equity.”
How do you fill out a confidential personal financial statement?
How To Fill Out the Personal Financial Statement Step 1: Choose The Appropriate Program. ... Step 2: Fill In Your Personal Information. ... Step 3: Write Down Your Assets. ... Step 4: Write Down Your Liabilities. ... Step 5: Fill Out the Notes Payable to Banks and Others Section. ... Step 6: Fill Out the Stocks and Bonds Section.
How to fill out form 413 SBA?
How to fill out SBA Form 413 Step 1: Gather financial documents. ... Step 2: Select your loan or contracting program. ... Step 3: Fill in personal and business information. ... Step 4: Add your assets and calculate their total value. ... Step 5: Add your liabilities and calculate their total value.
How do I know if my SBA loan is approved?
Please call our Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard of hearing) or email DisasterCustomerService@sba.gov to check the status of your application. If you have already applied, you do not need to submit your information again. 3.
What is the SBA personal net worth form?
SBA Form 413, formally titled “Personal Financial Statement,” is a document that the U.S. Small Business Administration uses to assess the creditworthiness and repayment ability of its loan applicants. This form collects information about your personal finances, such as assets, liabilities and sources of income.
What disqualifies you from getting an SBA loan?
Ineligible businesses include those engaged in illegal activities, loan packaging, speculation, multi-sales distribution, gambling, investment or lending, or where the owner is on parole.
What is SBA Personal Financial Statement form 413?
SBA uses the information required by this Form 413 as one of a number of data sources in analyzing the repayment ability and creditworthiness of an applicant for an SBA loan or, with respect to a surety bond, to assist in recovery in the event that the contractor defaults on the contract.
What should be included in a schedule of liabilities?
Information that is needed for Schedule of Liabilities 1.Name of Creditor 2. Original amount due 3. Original date due 4. Current balance 5.
What is the SBA form 413?
SBA uses the information required by this Form 413 as one of a number of data sources in analyzing the repayment ability and creditworthiness of an applicant for an SBA loan or, with respect to a surety bond, to assist in recovery in the event that the contractor defaults on the contract.
What is net worth on SBA form 413?
Any real estate you own plays into your overall net worth. Form 413 provides space to describe up to three properties, including the type of real estate, original cost, present market value, mortgage holder information and other details, such as if you are up to date on your payments or you've paid a mortgage in full.
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