Hey, this is Phil. When we're now on the business debt schedule, this is a form that should be filled out for each one of your businesses. Real quick, this is the overview video. In another video, we'll do step by step. So, okay, as I said, this is for each one of your businesses. Don't combine them, that's a common error that people make. So just put one company. The update should match the profit loss and balance sheet that date, the date of your balance sheet. You're going to give the letter so something current, a month-end date. Make sure you list out all your debts that are to that company, not personal debts, not to other companies, just to this company. As much of this information as possible really helps determining the best avenue of, should we refinance this, or is it good debt that you should keep? Alright, so the name of the creditor is the purpose of the loan, working capital, buying a war or buying real estate, equipment loan, inventory, stuff like that. Lowe's is specifically used for buying out a partner, so put the purpose there. When you got it, how much the original loan was, how much you currently owe on it, your interest rate, your monthly payment, when it matures or you know how long is it five-year term, ten-year term, and what secures it. A lot of debt, such as your credit card, your business credit cards, that will be on here might not have any collateral, so you can write down in here, but if it is secured by equipment or real estate or business assets, put that here. Sometimes you don't know, so you can leave it blank, but do the best to fill it out. Also, mark...
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Sba debt schedule Form: What You Should Know
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