Commercial credit analysis
From the borrower's statements to a documented credit decision.
TAC CREDIT spreads financial statements and tax returns, builds the cash-flow and guarantor picture, tests it under stress, and produces the reports a credit committee reads — with every figure traceable to its source.
One file, from intake to decision
Each step builds on the one before. Nothing is retyped, and every figure keeps the trail back to the page it came from.
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Intake
Statements, tax returns and supporting documents arrive as PDFs or are keyed in.
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Spread
Balance sheet, income statement and statement details, period by period, checked as they are entered.
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Analyse
Ratios, cash flow, debt service, guarantors, stress, covenants and the industry benchmark.
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Decide
Narratives, the inquiry trail and committee-ready reports and exports.
Financial spreading
The borrower's statements, in a consistent, checked format the rest of the analysis can rely on.
- Balance sheet & income statement
- Line-by-line spreading with running totals, balance checks and per-line notes.
- Statement details
- Supporting schedules behind the summary lines.
- Periods
- Fiscal and interim periods, statement types and opinion levels, with the rules that keep periods comparable.
- Templates & captions
- Reusable spreading templates and renamable row captions.
- Currency
- Statements kept in the borrower's currency, with exchange rates per period.
- Undo, redo & view options
- Step back through edits, zoom, and hide what is not needed on screen.
Document intake & tax returns
Documents are read for you; the analyst reviews and decides what goes into the spread.
- Statement extraction
- Upload PDF statements; lines are read, mapped to the spread and held for review before they are applied.
- Mapping review
- Each mapped figure shows where it came from, with confidence, so it can be accepted or corrected.
- Tax-return reading
- Scanned returns fill the tax forms; printed totals are kept and any difference is highlighted.
- Business returns
- Form 1065, 1120, 1120S, Schedule C and Schedule F transfer into the spread, 2021 to 2025.
- Personal returns
- Form 1040 with Schedules A and E and K-1s transfers into the guarantor's personal financial statement.
- Form rules
- Each form's own arithmetic, read-only lines and popups, as the paper return computes them.
Analysis & cash flow
The measures a credit officer asks for, calculated the same way every time.
- Ratio analysis
- Liquidity, leverage, coverage, activity and profitability, period over period.
- Common size
- Balance sheet and income statement as a share of totals.
- Cash flow
- UCA, TAC and indirect cash-flow statements.
- Working capital & net worth
- Working capital and tangible net worth movements.
- Debt service
- Debt service coverage from the business debt schedule.
- Covenant compliance
- Covenant settings, compliance ratios and the compliance report.
- Current ratio
- Debt to tangible net worth
- Debt service coverage
- Days receivable
Guarantors, debt & global cash flow
The full repayment picture: the business, its owners and what they owe.
- Personal financial statements
- Guarantors' statements, credit scores and their link to the personal tax return.
- Business debt schedule
- Each obligation with its terms, tied back to the balance sheet.
- Global cash flow
- Business and guarantor cash flow combined into one global coverage figure.
- Pro Forma GCF
- The global picture with the proposed credit added.
- Stress tests
- Traditional and UCA cash-flow stress, with the debt service the business can carry.
Inquiry & narrative
The written side of the analysis, built from the same figures.
- TAC Inquiry
- A structured questionnaire for the points the numbers raise.
- CLEWS
- Early-warning signals drawn from the spread.
- Analyst schedules
- Schedules I and II and the analyst pages for income, balance sheet and cash flow.
- Drafted narrative
- A narrative drafted from the findings, which the analyst edits and approves before it is used.
Industry, groups & portfolio
Beyond the single borrower: the industry, related entities and the whole book.
- RMA industry comparison
- Import industry studies or enter them by hand, compare the company with the quartiles, and prepare the submission file and transmittal.
- Consolidation
- Up to twenty entities with eliminations, imported from spreads or tax returns, transferred back as a consolidated period.
- Affiliated groups
- Debt-servicing capacity across related companies and guarantors, latest period and three years.
- Portfolio dashboard
- Borrowers ranked side by side on the measures that matter.
Projections & property
Forward-looking views and income-producing real estate.
- Projections
- Multi-year projections from the historical spread, with a balance check, narrative highlights and charts.
- Borrowing base
- A borrowing base worksheet alongside the projection.
- Loan covenants
- Covenant tests carried through the projected years.
- Rental property
- Property-level income analysis, rent roll, lease maturities and stress columns.
Reports & export
What leaves the system is laid out for the people who read it.
- Report menu
- Choose periods and reports; anything not ready for the chosen periods says why.
- Print-ready layouts
- Three-, five- and ten-year layouts with page setup, running headers and footers.
- Excel export
- One workbook with the chosen reports, charts and narratives.
Assistants that show their work
Automation that prepares the file for the analyst, never instead of the analyst.
- Spreading assistant
- Reads the borrower's documents and fills the spread, debt schedule, tax forms, company and guarantor details.
- Underwriting assistant
- Prepares compliance, the pro forma global cash flow, stress test and inquiry.
- Sources for every figure
- Each entry cites its page and is checked against it before it is kept.
- Open items for the analyst
- What the documents cannot answer is listed for a person to decide, not guessed.
Governance & security
Built for a regulated lender's controls.
- Tenant isolation
- Each institution's data is separated in the database itself, not only in the application.
- Audit trail
- Changes are recorded with who made them and when.
- Check-out locks
- A spread is edited by one analyst at a time.
- Session security
- Server-side sign-out, protection against forged requests, and limits on repeated sign-in attempts.
- Password policy
- Strong passwords required, with other sessions signed out when a password changes.
Questions
Installing TAC CREDIT, the AI behind it, and how to start.
Can we install TAC CREDIT on our own computers or servers?
Today you can install the original TAC Credit software, which has active support.
The cloud, AI-native TAC CREDIT is currently in development for Windows and Mac.
Which AI models does TAC CREDIT use?
We use the best frontier models for the assistants and the AI tools, such as statement extraction and tax-return reading.
We are moving towards self-hosted, open-source models fine-tuned for credit analysis. For now, the work runs on frontier models.
How is our data handled?
Each institution's data is kept separate in the database itself, not only in the application, and changes are recorded with who made them and when. Figures read by AI and entered by the assistants show where they came from, so an analyst can check them.
How do we get started?
If your institution already uses TAC CREDIT, sign in. Otherwise, request access or get a quote for your team; we reply within 24 hours.