What is a Debt Schedule?

A debt schedule is a document that lists all of your business's current debts, including lender names, original amounts, current balances, interest rates, monthly payments, and maturity dates. Lenders use it to understand your existing obligations and calculate your ability to take on additional debt.

Information Included in a Debt Schedule

A complete debt schedule typically includes:

• Lender name: Who holds the debt
• Original loan amount: How much you initially borrowed
• Current balance: What you still owe
• Interest rate: The rate you are paying
• Monthly payment: Your regular payment amount
• Maturity date: When the loan must be fully repaid
• Collateral: What secures the loan, if anything
• Loan type: Term loan, line of credit, equipment loan, etc.

Example Debt Schedule

Here is what a simple debt schedule might look like:

Why Lenders Require Debt Schedules

Lenders use your debt schedule to:

• Calculate DSCR: Determine if your cash flow can cover existing plus new debt payments
• Assess total leverage: Understand your overall debt burden
• Identify collateral conflicts: See if assets are already pledged to other lenders
• Evaluate refinancing opportunities: Determine if consolidating debt makes sense
• Check for loan stacking: Identify if you have multiple high-cost loans

Personal vs. Business Debt

Lenders typically want to see both business debt schedules and personal debt schedules for owners with 20%+ ownership. Personal debts affect your personal guarantee capacity and overall financial picture.

Include mortgages, car loans, student loans, credit cards, and any other personal obligations.

Preparing Your Debt Schedule

To create an accurate debt schedule:

• Gather recent statements from all lenders
• Include all debts — do not omit any obligations
• Use current balances, not original amounts
• Verify interest rates and payment amounts
• Note any variable rates or balloon payments