Glossary · People and paperwork
Bank Statement
In short
A monthly summary of activity in your bank account. Lenders use these to verify your personal liquidity and the source of your capital contribution for the loan.
What it means in a deal
You'll provide 3-6 months of personal bank statements to prove you have the funds for your down payment (equity injection) and closing costs. Lenders also use them to check for any unusual or unexplainable large deposits that could indicate unseasoned funds or undisclosed liabilities.
Official sources
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Related terms
Common questions about Bank Statement
- What if my personal financial statement shows low liquid assets?
- How important is my personal financial statement for an SBA 7(a) loan application?
- When is an SBA Form 912 (Statement of Personal History) required for a non-owner guarantor?
- When is SBA Form 912, Statement of Personal History, specifically required for 7(a) loan applicants?
- What is the significance of the 'Statement of Personal History' form for an SBA 7(a) loan?
- When is an SBA Form 912 (Statement of Personal History) specifically required for a non-owner guarantor?
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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