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T247 · Cat-20 · SME Financial Health · Covenant Monitoring

Monitor your lending covenants and facility compliance

Input your current financial metrics and facility covenant thresholds to get an instant RAG (Red/Amber/Green) compliance dashboard, headroom percentage per covenant, breach trigger alerts, and a Markdown monitoring memo ready to share with your finance team or lender. Client-side. Zero PII.

Covenant MonitoringDSCRSME LendingZero PII · Client-side

Last Reviewed · 2026-05-12

Facility Configuration — Covenants & Current Metrics

Currency

Review Period

DSCRDebt Service Coverage Ratio

Threshold (min.)

Actual

Net LeverageNet Debt / EBITDA

Threshold (max.)

Actual

Minimum CashMinimum cash balance

Threshold (£ min.)

Actual (£)

Current RatioCurrent assets / Current liabilities

Threshold (min.)

Actual

Interest CoverEBIT / Interest Expense

Threshold (min.)

Actual

Capex LimitAnnual capital expenditure cap

Threshold (£ max.)

Actual YTD (£)

Covenant Compliance Dashboard

Methodology & Citations

Covenant definitions follow standard UK corporate lending conventions. DSCR = Net Operating Income ÷ Debt Service (principal + interest). Source: Loan Market Association (LMA) Standard Terms 2024.
RAG thresholds: Green = headroom ≥15%; Amber = headroom 5–14%; Red = headroom <5% or breach. Amber is the lender's early warning trigger — proactive engagement is expected.
Interest Cover Ratio = EBIT ÷ Net Interest Expense. Minimum 2.0× is typical for senior secured SME lending; lower-rated facilities may require 1.5×.
When a covenant is breached, most facilities require borrower notification within 5 business days and a written remediation plan within 30 days. Failure to notify is an Event of Default under most LMA-based facility agreements.