Hey this is Phil win 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 the nether 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 as 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 your 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...
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Sba debt schedule Form: What You Should Know
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