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Financial Statement (Personal)

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A loan

A lease

To provide a guarantee

Personal use

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PERSONAL FINANCIAL STATEMENT

PERSONAL FINANCIAL STATEMENT as of ________________ ____, ________ OF _________________________ of _________________________ (the "Applicant") FOR _________________________ of _________________________

BACKGROUND:

This Personal Financial Statement is being made for the purpose of: disclosing financial information to the party named above to obtain a loan.

Applicant's Personal Information
Name: _________________________
Address: _________________________
Phone: __________
Employer: _________________________
Position: _________________________
Number of years at position: _________________________

Section 1. Balance Sheet

Assets	Value
Total Assets	$

Liabilities	Value
Total Liabilities	$

Net Worth

Section 2. Annual Income/Contingent Liabilities

Annual Income	Value	Contingent Liabilities	Value
Salary	$	Endorser/Guarantor	NA
Commissions/Bonuses	NA	Legal Claims	NA
Real Estate Income	NA	Other Contingent Liabilities	NA
Investment Income	NA
Other Income	NA
Total Annual Income	$	Total Contingent Liabilities	$

The Applicant certifies that all the information provided in this statement is true and accurate as of ________________ ____, ________. The Applicant authorizes _________________________ to make any inquiries that _________________________ feels is necessary to verify the information in this financial statement.

_______________________________
_________________________

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Last Updated December 26, 2024

What is a Personal Financial Statement?

A Personal Financial Statement sometimes called a personal balance sheet, is a document that details your current financial status. The main factors are your total assets and your total liabilities, which, when subtracted from each other, equal your total net worth.

Financial statements can also sometimes include the assets and liabilities of spouses to reach a combined net worth. This is commonly seen when spouses are combining finances, like if they are applying for a business loan together to fund a startup.

A Personal Financial Statement is also known as a:

Personal Balance Sheet
Personal Income Statement
Statement of Assets and Liabilities
Net Worth Statement

What are some examples of assets and liabilities?

You should include all of your assets and liabilities on your financial statement to give an accurate portrayal of your financial situation.

Some examples of assets include:

Cash in your bank accounts
Brokerage accounts
IRA, 401(k), and other retirement savings accounts
Investments
Accounts receivable and other income streams
Business inventory and equipment
Land or real property (without liens)
Special items of value like antiques and jewelry, if applicable

Some examples of liabilities include:

Credit card debt
Car loans
Mortgages
Accounts payable and other goods or services purchased on credit
Unpaid taxes
Child support payments
Any other liens, like money owing from a small claims judgment

Why do I need a Personal Financial Statement?

There are several situations that require personal financial reporting.

For example, if you are starting a business and require a loan, your bank will likely review your income statement to gauge your financial situation and determine what kind of interest rates you're eligible for.

The statement's purpose is to allow the bank or loan company to see what kinds of assets you have to evaluate the risk of lending to you.

Other situations that sometimes require a financial statement include:

Applying for a lease or mortgage
Developing a financial plan for your estate or retirement
Developing a strategy to reduce income taxes
Identifying property during a separation or divorce proceeding