An organized financial picture.
Commercial PFS
A commercial personal financial statement helps a lender understand the financial picture behind a transaction. Prepare accurate, current information and share it through an appropriate secure process.
Discuss your commercial scenarioWhat is a personal financial statement?
A personal financial statement, often called a PFS, summarizes an individual's assets and liabilities at a point in time. A lender may request it as part of reviewing a commercial financing opportunity, particularly where a personal guarantor is involved.
The required format and supporting documents depend on the lender and transaction. Use the requested form, answer accurately, and ask about any items that need clarification.
Prepare before completing the statement
Gather current supporting records so the statement is consistent and complete. Common categories may include:
- Assets, including real estate and ownership interests
- Liabilities and outstanding debt obligations
- Income information requested by the lender
- Contingent obligations and guarantees, where applicable
- The statement date and supporting documentation
Arrange a secure document handoff
Do not enter account balances, account numbers, Social Security numbers, or financial statements into the general quote form. Start with a high-level description of the commercial property and financing objective; then request the appropriate secure method for sharing documents.
A completed PFS is not an approval or commitment to provide financing. A lender's decision depends on its requirements and review of the full application.
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