Trueline CovenantWork for lenders like you.
Our first client case studies will come from reference pilots. Until then, the scenarios below are illustrative examples, and the sample memo shows our actual format.
A step-down two quarters out, caught before test day
Situation. Covenant tests were rebuilt by one partner each quarter, from borrower certificates.
What we found. On a manufacturing borrower, a capped add-back had been applied in full. Leverage cushion was half what the certificate implied, ahead of a step-down.
Outcome. The lender raised it with management six weeks before the test date and agreed a revised forecast and reporting plan.
An SBIC fund's quarter-end, without the late nights
Situation. Packages arrived in mixed formats, and three borrowers routinely reported late.
What we did. Set up a single intake route and a deliverables calendar with reminders, and produced a consistent quarterly pack.
Outcome. Every package for the quarter was tested and reported in one consistent format, with late items flagged to the lender each week.
Want to see real output? The sample memo shows our actual format, line by line.
One package. Five business days. No cost.
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