Recently in a creator community I saw a creator ask how exactly to go about writing up a long term debt contract for a possible buyer. For me the most complicated aspect is the math of it all.
Y’all, the Internet has everything if you look enough, including in this findom debt contract calculator. Input the principle, the interest, and the debt length. Select the payback frequency last and it works its magic by creating a broken down table and downloadable spreadsheet that calculates and plans everything and every payment out for you.
Create your debt contracts with FindomDebtContract.comom
Heads up the site only allows the principle balance to max at 5,000. The debt length also hits the max at 24 months! You are also able to set the intrest to zero if you and your sub decide to not include interest. The table is able to be downloaded as a .CSV sheet. It opened cleanly for me into Google sheets and would be a huge help in keeping track of everything.
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