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AI Tools for Credit Analysts
AI tools that help credit analysts underwrite loans, pull SEC filings, screen borrowers for regulatory issues, and monitor credit portfolio health.
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Revenue
$11.6B · -2.1% YoY
EBITDA
Negative — ($196M) operating loss
Net Debt
$3.1B
Interest Coverage
Negative — EBITDA below interest expense
Current Ratio
0.94x — below 1.0x liquidity threshold
Corporate loan underwriting from SEC filings
Pull the most recent annual and quarterly filings for any US public company to extract the financial data you need for credit underwriting — without waiting for the borrower to send documents. Build a credit model from EDGAR data in minutes.
We are underwriting a $75M revolving credit facility for Wayfair. Pull their most recent 10-K and calculate net debt/EBITDA, interest coverage, and current ratio. Flag any covenant risk.
Wayfair 10-K FY2024: Revenue $11.6B, EBITDA negative. Net debt $3.1B. Interest coverage: negative (EBITDA below $196M annual interest expense). Current ratio: 0.94 (below 1.0). Two covenant issues: EBITDA-based leverage covenant would be breached, and the current ratio breach signals near-term liquidity risk. Recommend restructuring as unsecured notes with EBITDA improvement milestones instead of a revolver.
ToolRouter get_filing
MetricValueTrend
Revenue$11.6B-2.1% YoY
EBITDA($196M)Negative
Net Debt$3.1B+8% YoY
Current Ratio0.94xBelow 1.0x
2 covenant breaches confirmed — revolver structure not recommended
ToolRouter calculate_metrics
Interest Coverage
NEGATIVE — EBITDA does not cover $196M annual interest expense
Net Debt / EBITDA
N/A — negative EBITDA renders leverage ratio meaningless
Current Ratio
0.94x — below 1.0x minimum threshold
Recommendation
Restructure as unsecured notes with EBITDA milestones — revolver too risky
Borrower compliance and regulatory screening
Before approving a credit facility, screen the borrower and its principals against sanctions lists, PEP databases, and regulatory enforcement records. Document the screening for your credit memo.
Screen our prospective borrower Celsius Network LLC and its CEO Alex Mashinsky before we approve a $30M credit line.
Celsius Network: FLAGGED — SEC, CFTC, and state regulators filed charges in 2023. CEO Alex Mashinsky indicted on wire fraud and market manipulation charges (July 2023). Company filed Chapter 11 bankruptcy June 2022. Do not approve — regulatory and bankruptcy history disqualify this borrower.
ToolRouter screen_entity
OFAC SDN
No direct match
CEO Alex Mashinsky
Wire fraud + market manipulation indictment — July 2023
SEC Enforcement
Securities fraud charges filed — 2023
CFTC Enforcement
Commodity fraud charges filed — 2023
Bankruptcy Status
Chapter 11 filed June 2022 — estate still in proceedings
ToolRouter search_actions
YearRegulatorAction
2022Multiple State AGsUnregistered securities — cease & desist
2023SECSecurities fraud charges
2023CFTCCommodity fraud
2023DOJWire fraud indictment — CEO
DO NOT APPROVE — regulatory and bankruptcy history disqualify
Commercial real estate loan analysis
Calculate debt service coverage ratios, loan-to-value, and breakeven occupancy for CRE credits. Model refinancing risk for maturing loans in a higher-rate environment.
Analyze a 3-year bridge loan for a 200,000 sq ft office in Chicago: NOI $2.8M, loan $38M at 8.5% interest-only, appraised value $56M, current occupancy 82%. Calculate DSCR, LTV, and refinancing risk.
DSCR: 0.87x (below 1.0 — property does not cover debt service). LTV: 67.9%. Breakeven occupancy for 1.0x DSCR: 94%. Refinancing risk: HIGH. At Chicago office vacancy of 22.1%, cap rate expansion could compress value to $45–47M at maturity, creating a $9–11M refinancing gap.
Debt covenant monitoring
Track covenant compliance for your credit portfolio by pulling the latest 10-Q or annual report and checking reported metrics against the specific covenant thresholds in your loan agreements.
Check covenant compliance for our borrower using their 10-Q. Our loan requires minimum $50M liquidity, max 5.5x net leverage, and minimum trailing twelve month EBITDA of $180M.
Q3 financials pulled. Liquidity: $108M (PASS, but down 78% from prior year). Net leverage: 7.2x (BREACH — limit 5.5x). TTM EBITDA: $142M (BREACH — minimum $180M). Two covenant breaches confirmed. Waiver or restructuring required immediately.
ToolRouter get_filing
Minimum Liquidity ($50M required)
$108M available — PASS but -78% YoY (watch closely)
Net Leverage (max 5.5x)
7.2x — BREACH. Exceeds limit by 1.7x
TTM EBITDA (min $180M)
$142M — BREACH. $38M below minimum
Action Required
Waiver or immediate restructuring — two covenant breaches confirmed
Sector credit quality research
Brief the credit committee on macro-level credit quality trends across portfolio-heavy sectors before quarterly reviews. Get ahead of deterioration before it appears in quarterly financials.
Brief me on US leveraged buyout companies in retail — covenant stress, 2025 maturity walls, and lender recovery rates on recent defaults.
$47B in retail LBO debt matures in 2025–2026. LBO retail default rates: 8.4% in 2024 vs 4.2% sector average. Average lender recovery on retail defaults: 38 cents on the dollar. Major maturity wall borrowers include Michaels ($3.5B) and Container Store ($274M, filed Ch.11). Recommend increasing reserve rates on retail credits with leverage above 6x.
ToolRouter research
2025–2026 Maturity Wall
$47B in retail LBO debt maturing — Michaels $3.5B, David's Bridal $280M
Default Rate (2024)
8.4% retail LBO vs. 4.2% broad leveraged loan average
Recovery Rate (recent defaults)
38 cents on the dollar — well below 52c historical average
Notable Defaults
Container Store (Ch.11 2024), Tuesday Morning, Bed Bath & Beyond
Recommendation
Increase reserves on retail credits >6x leverage — maturity risk elevated
Ready-to-use prompts
Corporate credit metrics from 10-K
Pull the most recent 10-K for Peloton Interactive (PTON). Calculate net debt/EBITDA, interest coverage ratio, current ratio, and free cash flow. Identify the top 3 credit risks and assess whether the company could support a $50M unsecured revolving credit facility.
DSCR for CRE loan
Calculate DSCR and LTV for a commercial real estate loan: 150,000 sq ft industrial warehouse, annual NOI $1.85M, loan amount $22M at 7.0% interest-only, appraised value $30M. What occupancy is needed to achieve 1.25x DSCR?
Borrower sanctions screen
Screen the following prospective borrower against OFAC, EU, and UN sanctions lists and check for any FinCEN, SEC, or DOJ enforcement actions from the last 5 years: [company name and CEO name].
Covenant breach check
Our loan agreement for [company ticker] has these covenants: max total leverage 4.5x EBITDA, minimum interest coverage 2.5x, minimum liquidity $25M. Pull their most recent 10-Q and tell me if any covenants are in breach or within 10% of the threshold.
Office CRE sector credit brief
Research the credit outlook for US office real estate loans maturing in 2025–2026. Include citywide vacancy rates for Manhattan, Chicago, San Francisco, and Dallas, cap rate expansion scenarios, refinancing gaps at current rates, and 5 high-profile recent defaults.
Loan restructuring NPV
Model two restructuring options for a $30M loan in default at 6.5%: (A) extend maturity 2 years with a 12-month interest-only period at 6%, (B) haircut the principal to $22M for immediate payoff. Calculate NPV of recovery under each option using a 10% discount rate.
SEC enforcement for false disclosures
Search for SEC enforcement actions in the last 3 years involving false or misleading financial disclosures by corporate issuers. Return case names, charges, fines, and whether the company had outstanding bank credit facilities at the time.
Personal loan DTI analysis
Calculate debt-to-income ratio for a personal loan applicant: gross income $110,000/year, monthly obligations: $1,850 mortgage, $480 auto loan, $220 student loan. Requested $25,000 personal loan at 9.5% for 60 months. Include front-end and back-end DTI.
Tools to power your best work
SEC FilingsSEC EDGAR filings & financial data
Deep ResearchAI research reports with citations
Regulatory ActionsSEC, CFPB, FDIC & Federal Register
Financial CalculatorDCF, bonds, options & portfolios
Real Estate DataListings, valuations & market data
Compliance ScreeningAML, sanctions, PEP & due diligence investigations
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New credit facility underwriting
Before approving a new corporate credit facility, screen the borrower, pull filings, and calculate all required credit metrics for the credit memo.
Quarterly portfolio covenant review
Each quarter, systematically check covenant compliance for all portfolio companies before the review calls.
Problem loan workout preparation
When a borrower breaches covenants or shows distress signals, prepare a workout memo with restructuring options and recovery analysis.
Frequently Asked Questions
What DSCR is typically required to approve a commercial real estate loan?
Most lenders require a minimum DSCR of 1.20x to 1.25x for stabilized income-producing properties. Construction and bridge loans may accept lower ratios given the transitional nature of the asset. A DSCR below 1.0x means the property does not generate enough income to cover debt payments from operations alone.
Can I use SEC filings for private company credit analysis?
The SEC Filings tool covers publicly traded US companies in the EDGAR database. For private borrowers, you rely on borrower-provided financials. However, you can use SEC filings to benchmark public peers in the same sector, which is valuable for assessing whether a private company's margins and leverage are reasonable relative to industry norms.
How do I handle covenant analysis when the loan agreement uses non-GAAP definitions?
Loan agreements often define EBITDA with permitted add-backs: non-recurring charges, stock compensation, restructuring costs. When checking covenants against SEC filing data, always identify what add-backs your credit agreement permits before concluding there is a breach. The gap between GAAP EBITDA and credit agreement EBITDA can be material for companies in distress.
How often should I re-screen borrowers for sanctions and regulatory issues?
Screen at origination, at each annual review, and upon any material change in the borrower — ownership change, acquisition, new management, or bankruptcy filing. For borrowers in high-risk sectors or jurisdictions, quarterly re-screening is prudent. OFAC and other sanctions lists can be updated without warning.
What is the difference between a leveraged loan and an investment-grade facility?
Investment-grade loans go to companies rated BBB-/Baa3 or above, typically with net leverage below 3x and strong coverage ratios, priced at 50–200bp over SOFR. Leveraged loans are made to sub-investment-grade companies (below BB+/Ba1), often with net leverage of 4–7x, priced at 300–600bp over SOFR, with tighter covenants and more active monitoring requirements.
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