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SBA Information Notice 5000-868123: SBA Form 413 Personal Financial Statement Issued

Summary

SBA Information Notice, Control No. 5000-868123, effective June 13, 2025, to SBA employees and SBA lenders, announcing the issuance of the revised SBA Form 413 (7a/504/SBG/Disaster/WOSB/8a), Personal Financial Statement. It explains that Form 413 collects information on the assets and liabilities of certain owners, officers and guarantors of a small business applicant receiving SBA financial assistance. The form is used in assessing the applicant.

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                 SBA Information Notice

TO:    All SBA Employees and SBA Lenders                                           CONTROL NO.: 5000-868123

SUBJECT: SBA Form 413 Personal Financial                                           EFFECTIVE: June 13, 2025
Statement Issued




The U.S. Small Business Administration (SBA) is announcing the issuance of the revised SBA
Form 413 (7a/504/SBG/Disaster/WOSB/8a), Personal Financial Statement. SBA Form 413
collects information regarding the assets and liabilities of certain owners, officers, and guarantors
of the small business applicant receiving SBA financial assistance and is used to assess the
applicant's repayment ability or creditworthiness. The SBA's Surety Bond Guaranty (SBG)
Program uses the information collected on SBA Form 413 during the claim recovery process.

SBA Form 413 is also used to collect information from applicants and participants in the SBA's
8(a)/Business Development (BD) and Women-Owned Small Business (WOSB) Programs
certification processes to determine whether they meet the economic disadvantage requirements
of the program. Participants in these programs are required to submit updated information
annually to help SBA confirm that the participant continues to meet the economic disadvantage
requirements of those programs.

The data collection content was updated for each program office. Previously, Sole Proprietors
were not required to complete the SBA Form 413 for the Disaster Business Loan program. The
revised form requires that each Disaster Business Loan applicant complete the form. The SBA
also adjusted for inflation the economic disadvantage thresholds for the 8(a) BD and WOSB
programs. To alleviate the need for applicants to constantly update their financial information
during the application process, the information provided on Form 413 must now be current
within 120 days of submission for the 7(a), 504, SGB, 8(a)/BD, and WOSB programs. Finally,
SBA has revised the Privacy Act Statement to comply with OMB requirements.

To minimize the burden on small businesses for 7(a) loans, 504 loans, and surety program
purposes, SBA accepts personal financial statements in other formats that might have been
prepared for the lending institutions or surety companies, provided that the statement submitted
contains the same data collected by SBA Form 413. Alternate formats generally accepted by
SBA include the lender’s own equivalent form, the majority of Office of Thrift Supervision

PAGE 1 of 1                                                                                     EXPIRES:      6-1-26
SBA Form 1353.3 (4-93) MS Word Edition; previous editions obsolete
Must be accompanied by SBA Form 58
                                    Federal Recycling Program   Printed on Recycled Paper
(OTS), Federal Deposit Insurance Corporation (FDIC) or Federal Reserve member bank forms,
and accountant-prepared statements, provided the alternate format collects all the same data.

Similarly, disaster loan applicants may submit the information using alternative formats,
provided that the same data required by SBA Form 413 is submitted.

For purposes of the 8(a) BD Program and the WOSB Program, the applicants or participants
must use SBA Form 413 to provide the requested data.

The SBA Form 413 dated May 2024 will expire on August 31, 2027. For applications currently
in process, SBA Lenders and Sureties may continue to use the previously approved version.
Beginning 60 days after this notice, SBA will only accept the renewed version of the form.

Questions
Questions concerning this Notice may be directed to the Lender Relations Specialist in the local
SBA Field Office.




Dianna L. Seaborn
Deputy Associate Administrator
Office of Capital Access




PAGE 2 of 2                                                                                EXPIRES:   6-1-26
SBA Form 1353.3 (4-93) MS Word Edition; previous editions obsolete
Must be accompanied by SBA Form 58
                                   Federal Recycling Program   Printed on Recycled Paper

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