aging_0930_final.xlsxKessler Supply BBC 09.30.pdfinventory listing.xlsxCredit Agreement (executed).pdffield exam report.pdfcompliance cert Q3.pdfaging_0930_final.xlsxKessler Supply BBC 09.30.pdfinventory listing.xlsxCredit Agreement (executed).pdffield exam report.pdfcompliance cert Q3.pdf

Restated financialsmgmt accounts Q3Restated financialsmgmt accounts Q3

Recompute Kessler's 9/30 borrowing base

Third Amendment.pdfpayables_0930.xlsxappraisal NOLV 09.15.pdfSable Foods fee letter.pdfQ3 statements.xlsxCorvid AR aging.csvThird Amendment.pdfpayables_0930.xlsxappraisal NOLV 09.15.pdfSable Foods fee letter.pdfQ3 statements.xlsxCorvid AR aging.csv

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Collateral monitoring for asset-based and monitored credit

Run the whole book. Ask it anything.

CORA runs every borrower's reporting cycle from the credit agreement and answers any question about the portfolio from the record. Your team makes the calls.

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Northgate Capital's borrowers in CORA: Kessler Supply, Harbor Fabrication, Aldine Textiles, Marlowe Components, Sable Foods, Kestrel Aerospace, Vantage Freight and Corvid Logistics, each with its next certificate date

Two kinds of work. One record under both.

Runs on schedule

Automated AI

Each borrower's reporting cycle runs on its own from the credit agreement: the requests, the recalculation from gross, the covenant tests and the chasing, with a person signing every act.

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Kessler Supply · 09.30.2026 updateRan on its own

Requested the September BBC, aging and inventoryFrom the reporting covenant, due day 20
Oct 1
Received, classified and filed 3 filesBorrower portal · 09.30.2026 Update folder
Oct 14
Recomputed from gross, tested the covenantsBreak found: $48,868.58 · fixed charge coverage passed
Oct 14
One question for youA $2,407.00 related party receivable: eligible or not?
Needs you

Answers on demand

Prompted AI

Ask about one deal or the whole book. CORA answers from the record with the source named, works what-ifs exactly, and drafts the act for you to sign.

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Ask CORA · Kessler SupplyYou asked

Why doesn't Kessler's availability tie to their certificate?

Read the 9/30 BBC, the inventory listing and the agreement

Availability is $48,868.58 higher than declared. Kessler capped raw materials at $1,671,050.19; the agreement's cap allows $1,792,205.65.Sources: 9/30 BBC · Credit Agreement, Eligible Inventory

Drafted for youRequest to Kessler Supply: corrected raw materials line, for signature

Confirm and send

The whole book, in one place.

The agreement, the certificates and their support, appraisals, field exams, financials and rulings, filed by deal and by period the moment it lands. The recurring work runs on it. Every answer comes from it.

Borrower	Latest update	Status	Documents	Changed
Harbor Fabrication	09.30.2026 Update	Recomputed	4 files	2h ago
Kessler Supply	09.30.2026 Update	Needs you	3 files	3h ago
Sable Foods	Appraisal, as of 09.15.2026	Needs you	1 file	5h ago
Marlowe Components	09.30.2026 Update	Received	3 files	1d ago
Corvid Logistics	08.31.2026 Update	Past due	2 files	3d ago

Found 3 field exam reserves for Kessler Supply, each with its exam page and the lender's confirmation

Document	Borrower	Status	Kind	Filed
AR aging, 09.30.2026	Harbor Fabrication	Recomputed	Receivables aging	2h ago
Inventory listing, 09.30.2026	Kessler Supply	Needs you	Inventory	3h ago
Appraisal, as of 09.15.2026	Sable Foods	Needs you	Appraisal	5h ago
Q3 compliance certificate	Marlowe Components	Received	Compliance certificate	1d ago
Field exam report	Kessler Supply	Received	Field exam	6d ago

Each file classified by kind, period and entity, fingerprinted and filed to its dated Update folder

Deliverable	Borrower	Status	Due	Clause
Borrowing base certificate	Harbor Fabrication	Recomputed	Monthly, day 20	Section 5.02(a)
Inventory listing	Kessler Supply	Needs you	Monthly, day 20	Section 5.02(b)
Compliance certificate	Marlowe Components	Received	Quarterly	Section 5.01(c)
Financial statements	Aldine Textiles	Requested	Quarterly	Section 5.01(b)
AR aging	Corvid Logistics	Past due	Monthly, day 20	Section 5.02(b)

Each deliverable, its due rule and its clause, read from the agreement's reporting covenant

Ruling	Borrower	Status	Decided by	Applied
Related party receivable ineligible	Kessler Supply	Applied	Credit officer	From the 9/30 run
Field exam reserves confirmed	Kessler Supply	Applied	Credit officer	From the exam date
Appraisal NOLV from its as-of date	Sable Foods	Needs you	Awaiting approval	From 09.15.2026
Statement line mapping	Marlowe Components	Applied	Portfolio manager	Every period after

Each ruling attributed, remembered on this deal, and offered as the recommendation on the next

How it gets in: Borrower portal Email Dropped into chat History at onboarding Classified, fingerprinted and filed by deal and period

The monitoring cycle, run for you.

Five steps, every borrower, every period. Choose a step to see what CORA does in it.

Credit Agreement (executed)200 pages · read in full

Eligible AccountsAccounts that satisfy each of the criteria set out in this definition, excluding any Account owing by an Affiliate…Section 1.01, page 14

Borrowing BaseThe sum of the eligible accounts and eligible inventory, each at its advance rate, less Reserves…Section 1.01, page 6

Fixed Charge Coverage RatioTested as of the last day of each fiscal quarter for the four quarters then ended…Section 7.01(a), page 88

1,330 defined terms extracted, each with its quote and cite

Harbor Fabrication · 09.30.2026 UpdateOpened October 1

Deliverable	Due	Status
Borrowing base certificate	Day 20	Received
AR aging	Day 20	Received
Inventory listing	Day 20	Requested
Compliance certificate	Quarterly	Requested

Due rules and clauses read from the reporting covenant, Section 5.02

Borrowing base certificate · period ended June 30, 2026

Line	Declared	Recomputed
Related party	($2,407.00)	$0.00
Capped eligible raw materials	$1,671,050.19	$1,792,205.65
Excess availability	$4,305,607.63	$4,354,476.20

Break, named and sized$48,868.58

Covenant tests · Q3 2026From the tested Q3 statements

Covenant	Result	Status
Fixed charge coverage	1.18x against 1.10x minimum	Pass
Leverage	3.31x against 3.50x maximum	Near limit
Minimum excess availability	Springing, armed	Not sprung

Effect on rates and reserves shown with the result

Ask CORA

Talk to the book like you would an analyst.

When a call needs your judgment, CORA asks it as a card: two to four options, its recommendation, the reason and the agreement's words beside it. Answer once and it remembers, on this deal and across your book.

Ask CORA: suggested asks (recap this month's certificates, list borrowers near a covenant, trace excess availability, draft a borrower request) above a question about what moved Kessler Supply's excess availability since June

The model drafts. You decide. Code executes.

The model drafts

CORA reads the documents, proposes the configuration and drafts the questions and the acts, each with its cite.

You decide

Rulings and approvals stay with named people, on your own approval graph and signing sheet. Nothing reaches a borrower without a person's act.

Code executes

Confirmed rules run in an exact-decimal engine. Figures to the cent, and each act on the record with who did it.

One platform, built in layers.

Where your team and your borrowers work.

The portfolio desk, a Monitor for each deal, the conversation where CORA reports and asks, and the borrower portal for requests, uploads and signing.

Today's To-Do's, Needs you and Past Due on one desk
The borrowing base, rates and covenants for each deal
Requests, uploads and signatures from the borrower

Built for the people who run the facility.

Banks and ABL lenders

Certificates re-performed across the whole book, each cycle.

Banks and ABL Private credit

Covenants, springing terms and reporting tracked as the agreement writes them.

Private credit Specialty finance

Any monitored structure onboarded by configuration, never by code.

Specialty finance Borrowers

Upload the files, review the certificate CORA prepares, sign it on CORA.

CORA for Borrowers

Coming 2027

The CORA Service Provider Network.

Find and engage appraisal, field exam, audit, advisory and legal providers from inside CORA. The engagement, the borrower's data and the deliverable all move through the platform, on the deal.

About the network See if we qualify

Appraisal and valuationInventory appraisal, Machinery and equipment, Real estate appraisal, Trademark appraisal, Fleet and rolling stock, Business valuation

Field examABL field exams, Pre-funding due diligence, Inventory test counts, Receivable verification

Audit and accountingFinancial statement audit, Quality of earnings, Forensic accounting

AdvisoryLender financial advisor, Chief restructuring officer, Liquidation and disposition, Receivership

LegalLender finance counsel, Bankruptcy and restructuring, Workout and creditor rights

Security

Security built for regulated lenders.

How CORA protects your data

SOC 2 Type I and Type IIType I complete. Type II in progress with an independent auditor.

No training on your dataYour agreements, files and answers are never used to train AI models.

Encrypted in transit and at restDocuments, figures and conversations, protected on the wire and in storage.

SSO and MFASingle sign-on and multi-factor authentication for all users.

Permissions and approvalsRole-based access, with each approval on a named person.

Shared or dedicatedA shared cloud environment, or one dedicated to your institution.

A full audit trailUploads, answers, approvals and signatures, with who did it and when.

Penetration testedAn independent test, with all findings remediated.

From CORA.

Films, research and news. All posts

Company NewsOctober 12, 2026

Meet CORA

An AI-native system of action built to transform how financial institutions operate: underwriting, collateral analysis, portfolio monitoring, reporting and execution in one intelligent platform. Watch the launch film.

Watch the video

Company NewsOctober 14, 2026

Monitor. Analyze. Act.

Alex Parisi, Co-Founder and COO, explains how CORA brings embedded and prompt-based AI together in one platform. Monitor. Analyze. Act. Watch the video.