Personal Tax Returns
What the SBA looks for in your personal tax return, why they need it, and how to upload the right version quickly.
WHY
When you apply for an SBA loan, you’re not just applying as a business—you’re also personally guaranteeing the loan. That means the bank needs to understand your financial situation as an individual.
Your personal tax return helps the bank confirm:
✅ That you’ve filed taxes on time
✅ That your income is consistent with your application
✅ That there’s no personal financial issue (like unresolved tax debt) that could impact loan repayment
It's not about being wealthy—it's about showing stability and honesty. This is required for SBA loan processing.
WHAT
Your complete federal personal tax return for the most recent tax year.
Everything you filed with the IRS:
- All pages of your Form 1040
- All schedules (A, B, C, D, E, etc.)
- All supporting forms and attachments
- W-2s, 1099s, and other income documents
👉 The bank needs the complete return—not just the summary pages.
HOW
-
Ask your tax preparer or CPA to email you a PDF
-
OR download it from your tax software (TurboTax, H&R Block, etc.)
📣 Pro Tips:
-
Make sure your Social Security Number is visible and matches other forms
-
If you filed an extension this year, upload the 7004 extension confirmation form + a current Year to Date P&L
-
If your return includes other business income, flag it for us so we can prepare for SBA follow-up
FAQ – Personal Tax Return
Q: What if I filed jointly?
A: That’s fine—just include the full return. The bank will review only the sections tied to you as a guarantor.
Q: What if I didn’t file last year?
A: Let us know immediately. The SBA requires your most recent filed return or an official IRS extension + return form the year prior.
Q: Do I need to include my state return too?
A: Nope—just the full federal return.
Q: What if I don’t take a salary?
A: That’s okay. The return still helps the bank understand your full financial picture—even if your income comes from investments or other sources.