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Personal Financial Statement

document | November 24, 2022 by John Reid

As a part of the commercial loan approval process, a financial institution or commercial real estate lender will require their borrower(s) to complete a Personal Financial Statement.

A Personal Financial Statement is a listing of the income, assets, and liabilities of each guarantor and they are used by the lender as a way to analyze the tertiary source or repayment in a loan transaction.

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