How it works

How the work gets done, and who checks it.

You should know exactly what happens to your documents and how each number is produced.

Agreement onboardingOnce per facility

We read the credit agreement and amendments and build the covenant spec. Software helps find the relevant clauses; a credit professional confirms every term against the document. You approve the spec before anything is tested. Amendments restart this step for the affected terms, with version history kept.

Package intake

Packages arrive through your secure upload link or a shared folder. Each document is logged, matched to a facility and period, and checked for completeness against the agreement's reporting schedule. Missing items trigger reminders.

Extraction and spreadingAI-assisted

Document tools read PDFs, spreadsheets and scanned pages and propose a mapped spread. They propose values; they do not decide anything. Every value carries its source page or cell. Automatic checks run on every spread: statements must tie, periods must be continuous, figures must reconcile with the prior quarter. Anything that fails, or that the tools are unsure of, goes to review. These tools make mistakes, and the process is built on that assumption.

Covenant calculation

Tests are calculated by deterministic code from the approved spec and the reviewed spread. The same inputs always give the same result, and the workbook shows every step.

Human review and sign-offEvery package

A credit professional reviews every flagged value, every add-back and adjustment, every test result and each difference from the borrower's certificate. Tests within 10% of threshold get a second, independent check of inputs. Each memo is signed and dated by a Trueline Covenant credit reviewer. If something can't be resolved from the documents, it is listed as an open question. We do not guess.

Delivery

You receive the memo and workbook, with same-day alerts for anything urgent. Credit decisions, enforcement communications and anything sent to your IC or LPs remain yours.

Turnaround

When you hear from us

5business days
Free side-by-side testFrom a complete set of documents.
5business days
Monitor (quarterly)A reviewed memo from a complete package.
48hours
Monitor+ (monthly and borrowing base)From a complete package.
1business day
Possible breach or a material difference from the certificateYou hear from us within one business day of the reviewer confirming it, before the full memo if needed.
Free covenant test

One package. Five business days. No cost.

Send a package you already know the answer to. That is the fastest way to find out whether we are worth your time.

Get a free covenant test Prefer to talk first? Request a call
  • Free on one borrower package
  • Mutual NDA before any documents
  • No obligation