Loan Covenant Monitor for Xero
Map Xero accounts to each covenant's definition, compute the ratios monthly and on a trailing basis, warn when headroom shrinks, track the lender's reporting calendar and produce the compliance certificate package.
- Target market
- Small businesses with term loans or credit lines, and their fractional CFOs and advisors on Xero.
Problem snapshot
What this solves
Small businesses with bank or SBA loans must keep ratios like debt service coverage above a floor and send lenders statements on time, and they find a breach only when the bank does.
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