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PERSONAL FINANCIAL STATEMENT
PERSONAL FINANCIAL STATEMENT as of January 27, 2023 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 InformationName: _________________________Address: _________________________Phone: __________Employer: _________________________Position: _________________________Number of years at position: _________________________
Section 1. Balance Sheet
Assets
Value
Liabilities
Cash on hand
$0.00
Unpaid Taxes
Cash in Bank
Loans Payable to Financial Institution
Debt Owed to Applicant
Other Loans
Retirement Accounts
Credit Cards
Motor Vehicles
Amount Owing on Motor Vehicle
Real Estate
Amount Owing on Real Estate
Investments
Other Liabilities
Cash Value Life Insurance
Other Assets
Total Liabilities
Net Worth Calculation:
Total Assets
Net Worth
Section 2. Annual Income/Contingent Liabilities
Annual Income
Contingent Liabilities
Salary
Endorser/Guarantor
Commissions/Bonuses
Legal Claims
Real Estate Income
Other Contingent Liabilities
Other Income
Total
The Applicant certifies that all the information provided in this statement is true and accurate as of January 27, 2023. The Applicant authorizes _________________________ to make any inquiries that _________________________ feels is necessary to verify the information in this financial statement.
________________________________________________________
A Personal Financial Statement is also known as a:
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.
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:
Some examples of liabilities include:
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 purpose of the statement is to allow the bank or loan company to see what kinds of assets you have in order to evaluate the risk of lending to you.
Other situations that sometimes require a financial statement include:
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