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Streamlining Loan Due Diligence, Covenant Monitoring, and Financial Document Collection: The BankStride Advantage for Private Credit and Debt Funding Companies

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In the fast-paced world of private credit and debt funding, efficient management of loan due diligence, covenant monitoring, and financial document collection is crucial for maintaining transparency, minimizing risk, and ensuring compliance. This is where BankStride, a cutting-edge financial technology platform, emerges as a game-changer. BankStride offers comprehensive solutions that revolutionize the way private credit and debt funding companies handle these critical processes. In this article, we will explore the key features and benefits of BankStride and how it empowers companies to enhance their operations.

1. Simplified Loan Due Diligence

Loan due diligence is a complex and time-consuming process that involves assessing the creditworthiness of borrowers, evaluating collateral, and analyzing financial statements. BankStride streamlines this process by providing a centralized platform that automates data collection, verification, and analysis. The platform integrates with multiple data sources, allowing for seamless retrieval of borrower information, credit reports, and other relevant documents. BankStride's advanced algorithms analyze the data and generate comprehensive reports, enabling lenders to make informed decisions quickly and accurately.

2. Efficient Covenant Monitoring

Monitoring loan covenants is crucial to ensure borrowers' compliance with agreed-upon terms and conditions. Failure to monitor covenants effectively can lead to increased credit risk and potential losses. BankStride simplifies covenant monitoring by automating the tracking and reporting of covenant compliance. The platform employs real-time monitoring capabilities, sending alerts and notifications when a covenant breach or potential violation occurs. BankStride's intuitive interface provides lenders with a clear overview of the status of all loans, making it easier to identify and address any issues promptly.

3. Seamless Financial Document Collection

Collecting and managing financial documents from borrowers is often a cumbersome and time-consuming task. BankStride offers a secure and efficient solution by enabling borrowers to upload and store their financial documents directly within the platform. The system automatically indexes and categorizes the documents, ensuring easy retrieval when needed. With BankStride, lenders can access financial statements, tax returns, insurance documents, and other necessary files with a few clicks, eliminating the need for manual document handling and reducing the risk of human error.

4. Enhanced Security and Compliance

Maintaining data security and ensuring compliance with regulatory requirements are paramount concerns for private credit and debt funding companies. BankStride prioritizes data protection by employing industry-leading security measures. The platform incorporates encryption protocols, user access controls, and robust authentication mechanisms to safeguard sensitive information. Additionally, BankStride provides audit trails and comprehensive reporting features, enabling companies to demonstrate compliance during internal and external audits.

5. Collaboration and Communication

Effective collaboration and communication between lenders, borrowers, and other stakeholders are critical for successful loan management. BankStride offers built-in communication tools that facilitate seamless interaction and information exchange. Lenders can communicate with borrowers, share updates, and request additional documentation directly within the platform. This streamlines the communication process, reduces response times, and enhances transparency, fostering stronger relationships between lenders and borrowers.


Private credit and debt funding companies face numerous challenges in managing loan due diligence, covenant monitoring, and financial document collection. BankStride emerges as a transformative solution, empowering these companies to overcome these challenges efficiently. By leveraging BankStride's innovative technology, lenders can streamline processes, minimize risks, and enhance overall operational efficiency. With its comprehensive features, security measures, and collaborative tools, BankStride has emerged as a valuable ally for private credit and debt funding companies, enabling them to navigate the complex landscape of lending with confidence and ease.

BankStride allows you and your customers to exchange information with zero friction so that you can improve deal closing time and customer experience. 

Know what you have, know what you need.

Why BankStride?

We're the digital banking solution you've been waiting for.

We make it easy to automate your loan reporting and covenant monitoring. No more managing checklists, searching for files in emails, or waiting on updates from other parties. Just create your requests and let BankStride do the work for you. 

How it works

FileStride combines checklists with cloud storage to help you communicate and monitor your information requests and covenants.

All it takes to get started:

  1. ​Request items by creating projects for one-off items or templated lists.

  2. Review incoming files from your client and mark items as satisfied or complete.

  3. Repeat with automatically recurring requests and reminders.

Who it's for

FileStride is a solution for individuals, teams, and banks that need a better way to request information. We've facilitated thousands of customer relationships and transactions with teams in banking, accounting, consulting,  and advisory services, just to name a few. 


Get back to the work you actually want to do.

Know what you have,
know what you need

Create recurring requests with status indicators, reports and automatic nudges that keep everybody in the know.

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Many ways in,
password optional

Customers have the option to send files through email or a login-less portal. Either way, we get the files where they need to go.

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Built to empower bankers

Track and monitor financial reporting, covenants, and certificates, and identify pockets of risk and non-compliance.

Structured for you and
your team

Add your colleagues with a single click, and manage access permissions so the whole team can get the job done. 

We've facilitated over 1,000,000 client interactions...and counting.

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