Covenant Intelligence Engine
Covenant Center
Monitor, forecast, and report on every covenant across every facility.
Active Breach
1
Requires immediate action
Warning
2
Cushion < 5%
Watch
1
Trending unfavorably
Compliant
5
Healthy headroom
All Covenants
| Covenant | Facility | Requirement | Current | Cushion | Trend | Status | Risk | Next Test |
|---|---|---|---|---|---|---|---|---|
| DSCR | Term Loan A — $25.0M First National Trust | Minimum 1.25x | 1.42x | +13.6% | Compliant | Moderate | Mar 31, 2026 · Quarterly | |
| Debt-to-EBITDA | Term Loan A — $25.0M First National Trust | Maximum 3.50x | 3.38x | +3.4% | Warning | Elevated | Mar 31, 2026 · Quarterly | |
| Fixed Charge Coverage | Term Loan A — $25.0M First National Trust | Minimum 1.20x | 1.31x | +9.2% | Compliant | Moderate | Mar 31, 2026 · Quarterly | |
| Current Ratio | Revolver — $15.0M Meridian Commercial Bank | Minimum 1.50x | 1.62x | +8.0% | Compliant | Low | Jan 31, 2026 · Monthly | |
| Quick Ratio | Revolver — $15.0M Meridian Commercial Bank | Minimum 1.00x | 1.04x | +4.0% | Warning | Elevated | Jan 31, 2026 · Monthly | |
| Tangible Net Worth | Term Loan A — $25.0M First National Trust | Minimum $12.0M | $14.25M | +18.8% | Compliant | Low | Mar 31, 2026 · Quarterly | |
| Minimum Liquidity | Revolver — $15.0M Meridian Commercial Bank | Minimum $3.0M cash + availability | $2.84M | -5.3% | Breach | High | Jan 31, 2026 · Monthly | |
| Borrowing Base | Revolver — $15.0M Meridian Commercial Bank | Advance ≤ 80% eligible AR + 50% eligible inventory | $11.90M | +4.0% | Watch | Moderate | Jan 31, 2026 · Monthly | |
| Custom | Term Loan A — $25.0M First National Trust | Capex ≤ $6.0M trailing 12 months | $5.22M | +13.0% | Compliant | Low | Dec 31, 2026 · Annual |