Desk 02 · Portfolio Monitor
Every covenant tested on every reporting date.
Management accounts land. Lucia extracts them, retests every covenant with its headroom, and starts the cure clock on late deliverables — automatically.
| Covenant | Threshold | Actual | Headroom | Result |
|---|---|---|---|---|
| Minimum ARR | ≥ $4.0M | $4.6M | +15% | Pass |
| Gross churn, monthly | ≤ 2.0% | 1.85% | +8% | Pass |
| Minimum cash runway | ≥ 3.0 mo | 4.1 mo | +37% | Pass |
| Customer concentration | ≤ 35% | 31% | +11% | Pass |
The covenant math should not live in a workbook.
Direct lenders download management accounts from one tool, rekey them into a tracker, test covenants by hand, and email the results. Lucia does it the day the financials arrive.
Without Lucia
Download financials. Upload to tracker. Rekey revenue, margins, and ratios. Test each covenant by hand. Calculate headroom. Email the results. Repeat for every borrower, every month.
With Lucia
Management accounts arrive through Brain Link. Lucia extracts the numbers, retests every covenant, computes headroom, and flags breaches and late deliverables — before you open the workbook.
What the desk does
- Loan Book by credit health, exposure, and maturity
- Company financials: P&L, balance sheet, cash flow, and KPIs
- Covenant tests with headroom, breach, and cure tracking
- Borrowing base and availability, recomputed per period
- Deliverables calendar with reminders and cure periods
- Compliance Tracker for monthly close across borrowers
- Lucia Score per borrower, updated every reporting date
Fourteen borrowers. One page tells you where to look.
The Loan Book groups every borrower by credit health. Lucia Score, outstanding principal, and covenant status surface on each card. Exceptions lead; healthy positions stay quiet.
Overview. Score. Loans. Compliance. Financials. Docs.
Each borrower opens to six tabs. The Compliance tab tracks deliverables through four stages: Filed, Reviewed, Tested, and Certified. Every value links to the source file it came from.
Ask about any covenant
Which borrowers are within 10% of a covenant threshold?
Two. Harrier Logistics: gross churn 1.85% against a 2.0% cap, 8% headroom[1]. Goshawk Robotics: 3.2 months of cash against a 3.0-month minimum, 7% headroom[2]. One deliverable is in cure elsewhere: Caracara Media's August accounts are 12 days overdue and the cure period runs to Oct 15[3].
- [1]Harrier Logistics · Aug 2026 management accounts · p. 4
- [2]Goshawk Robotics · Aug 2026 bank statements · 3 accounts
- [3]Deliverables calendar · Q3 2026 · cure periods
Portal access
The loan book stays current even when you do not.
Portfolio managers sign in to the same loan book the underwriter built. Every covenant, every deliverable, and every score updated the day the numbers arrive.
Borrowers · your portal is at sign in