Business debt schedule
List each debt once and the balances and monthly payments total themselves. Prints as one landscape sheet, the way a lender expects to read it.
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What a debt schedule is
A business debt schedule lists everything the business owes, one line per debt: who it is owed to, the balance, the rate, the monthly payment and when it ends. It shows a lender what your monthly payments already are, before they add one more.
When you need one
- Applying for financing, especially when a lender wants a full financial package.
- Refinancing or consolidating debts.
- Keeping your own eye on what is coming due, and when.
What to include
- Every term loan, equipment loan, lease, line of credit, business credit card and cash advance.
- Debts you personally guaranteed for the business.
- The balance as of one date, for all of them, ideally a recent statement date.
- Anything behind on payments, marked as past due. The lender will see it on your credit report anyway.
What the form asks for
- The business: Business name; As of.
- Each debt: Who you owe; Type; Original amount; Start date; Balance today; Rate; Monthly payment; Paid off by; Collateral; Status.
This is a general template, not legal advice. Check with an attorney for your situation.
Common questions
Why do lenders ask for a debt schedule?
To work out whether the business earns enough to carry another payment. They add up your monthly payments and compare them with your cash flow. It also lets them spot loans that end soon, which frees up room.
Should I list my personal debts?
Not here, unless a personal loan is really paying for the business. Personal debts belong on a personal financial statement. Your lender may want both.
Do leases count?
Yes. Lenders treat a lease payment as a monthly obligation like any other, so list it.
Do I list cash advances?
Yes. Lenders usually see daily or weekly debits on your bank statements anyway, and leaving one off looks worse than the debt. Enter what it works out to per month.
How often should I update it?
Update it whenever you take on or pay off a debt, and fill it in fresh for each application, with balances from your latest statements.
Buying equipment and need financing? Apply here.
More documents
Equipment or vehicle bill of sale · Personal financial statement · Equipment condition report · Promissory note · Equipment rental agreement · Documents needed for financing · Lease-purchase checks · LLC operating agreement · All documents