Glossary · People and paperwork
Personal History Statement
In short
This is an SBA form (Form 1919) where you disclose personal background information, including any prior bankruptcies, criminal records, or federal defaults. It's required for all owners with 20% or more equity.
What it means in a deal
The SBA uses this form to assess your character and eligibility. Be completely honest and upfront about any past issues, as omissions or misrepresentations can lead to loan denial or even fraud allegations later. Lenders will review this carefully.
Official sources
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SBA Form 1919 — Borrower Information Form
U.S. Small Business Administration · SBA form
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Related terms
Common questions about Personal History Statement
- 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?
- What is the significance of the "Statement of Personal History" section on SBA Form 1919 for eligibility?
- What if my personal financial statement shows low liquid assets?
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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