Supporting review
Collateral & Covenant Schedule Review
Scrutiny of security descriptions, valuation attachments, and covenant calculations inside application packs.
When an application leans on property, inventory, receivables, or earnings-based covenants, the schedules often hold the risk. We read valuation letters against the security description, check that covenant formulas match the proposed term sheet language, and note where historical ratios would already breach a draft threshold.
Clients use this review when refinancing secured facilities or when a new lender asks for a clearer picture of existing encumbrances. Pair it with the flagship audit when the full income pack also needs attention.