Get Personal Financial Statement - Summit Bank

The Personal Financial Statement - Summit Bank is a crucial document for users seeking commercial loans. This guide provides clear and detailed instructions on how to effectively complete the form online, ensuring all necessary information is accurately provided.

Follow the steps to successfully complete your Personal Financial Statement online.

1. Press the ‘Get Form’ button to access the Personal Financial Statement. This will allow you to open the form in your preferred editor for completion.
2. Begin by filling in your name, address, and phone number in the 'Applicant' section. Next, provide your Social Security number and birth date.
3. For a co-applicant, repeat the same process by providing their name, Social Security number, birth date, address, phone number, and employment details.
4. In the 'Employment' section, list your current employer's information, including years of service and job position. Ensure to document salary, bonuses, and commissions as applicable.
5. If you have been with your current employer for less than three years, provide details about any previous employers in the designated area.
6. Proceed to calculate your total income, including any rental, interest, dividend, capital gains, and partnership earnings. If you prefer not to disclose any alimony or child support income, indicate that it should not be considered for loan purposes.
7. Detail your 'Annual Expenditures' by listing expenses related to taxes, housing, loans, insurance, tuition, and medical costs. Include any significant expected changes in your financial situation over the next year.
8. Move on to the balance sheet section. Begin by listing all assets such as cash, real estate, investments, and retirement accounts. Provide current values for each asset.
9. Next, outline all liabilities, including any outstanding debts, mortgages, and accounts payable. Accurately record amounts associated with each obligation.
10. Finally, calculate your net worth by subtracting total liabilities from total assets. Review the entire form for accuracy before signing.
11. Once all sections are completed, you can save your changes, download, print, or share the form as required.

Complete your Personal Financial Statement online today to streamline your loan application process.