# Form 413

The SBA statement of what each owner owns, owes, and has guaranteed.

Lenders read this beside the deal itself, because your side of the ledger is half the underwrite and a thin [balance sheet](https://searchspheresource.com/glossary/balance-sheet) can decline a business that covers its own debt comfortably. Fill it conservatively: an optimistic value contradicted by the statement behind it costs credibility on every other number you have given them. Do not leave the contingent liabilities blank either, since a guarantee on someone else's loan surfaces in the credit pull anyway.

In numbers: The 413 lists what you own and owe, and the lender reconciles it against statements: a $250k brokerage line that is really $180k after a market dip is the kind of gap that reopens an approved file.

Source: https://searchspheresource.com/glossary/form-413
Not dated: A definition is editorial: what a term means, why it matters, and an example. None of it reads a source that can go stale, so there is no date to take and a stamped one would be the build time wearing a costume.

Site index for machines: https://searchspheresource.com/llms.txt