{"ok":true,"canonical_url":"https://dealroom.so/glossary/business-debt-schedule","api_url":"https://dealroom.so/api/public/glossary/business-debt-schedule","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"business-debt-schedule","term":"Business debt schedule","group":"Reading the business","definition":"A detailed list of all existing loans and liabilities owed by the business. This helps you and the lender understand the total debt burden you're taking on or refinancing.","what_it_means":"Your lender will require a comprehensive business debt schedule as part of due diligence. This schedule details the original loan amounts, current balances, interest rates, payment terms, and collateral for each existing debt. Ensure it aligns with bank statements and tax returns to catch any discrepancies.","url":"https://dealroom.so/glossary/business-debt-schedule","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"},{"slug":"liability","term":"Liability","url":"https://dealroom.so/glossary/liability"},{"slug":"tax-return","term":"Tax return","url":"https://dealroom.so/glossary/tax-return"},{"slug":"balance-sheet","term":"Balance Sheet","url":"https://dealroom.so/glossary/balance-sheet"}],"related_questions":[{"question":"Can I use an SBA 7(a) loan to refinance existing business debt?","url":"https://dealroom.so/sba-loans/basics/can-i-use-an-sba-7-a-loan-to-refinance-existing-business-debt"},{"question":"Can an SBA 7(a) loan be used to refinance existing business debt?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-be-used-to-refinance-existing-business-debt"},{"question":"Can a new business owner use an SBA 7(a) loan to refinance existing business debt?","url":"https://dealroom.so/sba-loans/basics/can-a-new-business-owner-use-an-sba-7-a-loan-to-refinance-existing-business-debt"},{"question":"What if the seller holds a significant portion of the acquired business's debt?","url":"https://dealroom.so/sba-7a/questions/what-if-the-seller-holds-a-significant-portion-of-the-acquired-business-s-debt"},{"question":"Can an SBA 7(a) loan be used to refinance high-interest business debt?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-be-used-to-refinance-high-interest-business-debt"},{"question":"Can I use an SBA 7(a) loan to refinance my existing business debt?","url":"https://dealroom.so/sba-loans/basics/can-i-use-an-sba-7-a-loan-to-refinance-my-existing-business-debt"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Business debt schedule","url":"https://dealroom.so/glossary/business-debt-schedule","source_type":"DealRoom Data"}}