Who needs a SBA 413 form?
Applicants for the SBA-7A general purpose business loan and SBA-504 real estate and equipment loan are required to fill out SBA-413 Form. There are several groups of people who need to fill out the form: proprietors of the business, individuals or entities providing a guarantee on the loan, stockholders owning 20% or more voting stock, limited partners with 20% or more interests, general partners or managing members of an LLC.
What is the SBA 413 form for?
The SBA 413 form provides an overview of applicant's assets and liabilities and accompanies them with additional details.
Is the SBA 413 form accompanied by other forms?
First of all, you need to gather documents with information going through the last day of a previous month. Following documents are required to complete the SBA 413 form:
1) checking and savings account statements showing IRA balances;
2) 401(k), and other retirement account statements showing balances;
3) life insurance documents;
4) pay stub showing current annual salary;
5) statements for disability income;
6) mortgage statements and statements for other types of loans.
When is the SBA 413 form due?
The expiration date of the form is listed on the top right-hand side. You can fill out this form every time you need it, but be sure that information you're providing is going back to the previous month and use the last day of that month.
How do I fill out the SBA 413 form?
Generally, you must provide accurate information about your assets, liabilities, sources of income, stocks and bonds and real estate owned.
Where do I send the SBA 413 form?
The completed form should be received by the U.S. Small Business Administration Office.