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Debt schedule BDS
Also called business debt schedule, schedule of liabilities.
A one-page list of every obligation the business carries, showing lender, original amount, current balance, payment, rate, maturity and collateral, used to compute coverage and check disclosure.
Drafted with AI assistance. Not yet independently checked. Nobody has verified the claims on this page against a source, so treat the figures and legal points as a starting point rather than as settled, and confirm anything you are about to act on. How we check things.
What it means
Bank and SBA underwriting starts here. The schedule is compared line by line against the tax returns, the interim financials, the credit report, and the debits visible in the bank statements. Anything appearing in one and not the others gets asked about.
Every obligation belongs on it: term loans, lines, equipment leases, credit cards used for the business, seller notes, tax payment plans, and advances. Advances are documented as purchases rather than debt, which leads many applicants to leave them off. Underwriters expect them listed anyway, usually in a memo line showing the daily or weekly amount.
The schedule is also the working document for a refinance. Which obligations get paid off, which stay, and what the post-close payment picture looks like are all decided from it.
Where this one catches people
Omitting advances is the most common error and the most damaging. The debits are sitting in the bank statements the same underwriter is reading, so the omission is discovered rather than avoided, and the application usually contains a certification that the schedule is complete. What began as an incomplete form becomes a misrepresentation, which is grounds to decline and, on an SBA file, grounds for far worse.
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Debt schedule — common questions
What does debt schedule mean?
A one-page list of every obligation the business carries, showing lender, original amount, current balance, payment, rate, maturity and collateral, used to compute coverage and check disclosure.
Where does debt schedule catch people out?
Omitting advances is the most common error and the most damaging. The debits are sitting in the bank statements the same underwriter is reading, so the omission is discovered rather than avoided, and the application usually contains a certification that the schedule is complete. What began as an incomplete form becomes a misrepresentation, which is grounds to decline and, on an SBA file, grounds for far worse.
Is debt schedule the same as an interest rate?
Debt schedule is defined above; if you are comparing it against a rate, check whether the two measures share a time dimension before you put them side by side.
Which products does debt schedule apply to?
Term Loan, Business Line of Credit, SBA Loan, Asset-Based Lending.
Is there a worked example of debt schedule?
Not on this entry. Where a term is arithmetic, the arithmetic is shown; this one is not primarily a calculation.
What else should I read alongside debt schedule?
Debt service, Debt service coverage ratio, Global cash flow analysis, Personal financial statement, Stacking.
Has this definition been checked?
Not yet. This entry is drafted and live, and the notice at the top says so. Confirm anything you are about to act on.
Is this legal advice?
No. It is a definition. What a clause does in your contract, in your state, is a question for a lawyer licensed where you are.
Can I suggest a term?
Yes — [email protected]. The glossary grows from what people are actually shown in contracts.