Debt Schedule
What a Business Debt Schedule is, why the SBA needs it, and how to fill it out in 10 minutes—no finance degree required.
WHY
The SBA wants to see what your business already owes so they can confirm you can comfortably take on this new loan.
This helps the bank calculate your monthly debt payments and see how the new loan would fit in. It also prevents delays later by catching any business loans they might otherwise miss in your credit report.
WHAT
A one-page spreadsheet or form that lists all current business debt, including:
- Credit cards
- Business loans
- Equipment financing
- EIDL/PPP loans (if applicable)
- Leases (building, vehicle, etc.)
You’ll include the original loan amount, current balance, monthly payment, lender name, and when it’s expected to be paid off.
HOW
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Here's the link to the PDF Template to complete.
- Business Debt Schedule Audio Overview
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List all business debts—if you’re unsure, check your business credit report or accounting software.
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If your business has no current debt, just write “None” and sign the form.
- Example of a completed debt schedule:
📣 Pro Tips:
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If a loan was recently paid off, still list it and note “Paid in Full” next to it.
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Do not include personal credit cards or home mortgages—just business-related debt.
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For EIDL loans, you can find your balance and terms on the SBA loan portal.
FAQ – Business Debt Schedule
Q: What if I’m not sure if a loan counts as “business debt”?
A: If the loan was used for the business or is in the business’s name, include it. When in doubt, list it and we’ll sort it together.
Q: Do I need to attach statements for each debt?
A: Not at this stage. If the bank needs backup, they’ll request it later. Just fill out the summary first.
Q: What if I have no business debt?
A: Great—just write “None” and we’re good to go. We still need the form on file, even if it’s blank.