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Yes. Vishwa AI spreads business and personal returns and financial statements, builds global cash flow with every guarantor, computes DSCR and LTV, and drafts the credit memo, so one or two analysts can handle a growing member business loan pipeline.

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Vishwa AI produces the documented credit analysis NCUA's commercial lending rule expects: spread financials, global cash flow, and a credit memo tied to your commercial loan policy, with every figure traceable. Compliance stays with your credit union, and the file is easy to examine.

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Yes. That is the team it helps most. AI extracts, our experts verify, and your analysts review the exceptions, so a small team spends its time on credit judgment instead of data entry.

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Yes. Vishwa AI runs alongside your existing core and loan origination system rather than replacing them, and it works within the tools your team already uses. There is no core conversion, so most community banks go live in weeks.

Q: What is an underwriting OS?

An underwriting OS runs the whole credit workflow in one place: document intake, financial spreading, risk analytics, credit memo generation, and portfolio monitoring. Instead of moving a deal between a data room, three point tools, and a stack of spreadsheets, you run it in one system. Vishwa AI applies your underwriting framework and credit policies the same way on every deal, and every output ties back to the source document it came from.

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Yes. Vishwa AI runs in production at large enterprise clients across banking and private credit. Most of them prefer that we do not name them publicly, so we keep those relationships confidential. The product is mature and proven in the US market, and we are glad to walk through relevant, anonymized references under NDA on a call.

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Our enterprise clients in banking and private credit prefer to stay anonymous, so we do not post named case studies. We can take you through real, anonymized outcomes and arrange references under NDA during a demo. Vishwa AI is a proven product in the US market, with enterprise deployments already in production.

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Vishwa AI is a mature, production grade platform used by large enterprises across US banking and private credit. It is not a pilot stage tool. We keep client names confidential at their request, but the product is proven at scale in regulated US lending.

Q: Is AI underwriting auditable and explainable?

Yes. Every figure links to the source document and the calculation behind it, so when an examiner, an auditor, or an LP asks how you got a number, you can show them in one click. Vishwa AI applies the same logic to every deal and keeps a complete audit trail, which is usually the part manual spreading cannot reproduce six months later.

vishwa.ai spreads returns and statements, builds global cash flow, and drafts the credit memo, so one or two analysts can run member business lending.

Credit unions growing commercial lending usually do it with one or two analysts. vishwa.ai spreads business and personal returns, builds global cash flow with every guarantor, computes DSCR and LTV, and drafts the credit memo, so a small team can keep up with a growing member business loan pipeline. Every figure traces to its source, for your loan review and your NCUA examiner.

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SOC 2 Type II & ISO 27001100% audit trailProven in US banking & private credit

Meridian Steel Corp. · Spreads

Expert Verified

Profit & Loss

StandaloneConsolidated

Millions USD

Updated Search rows

#	Particulars	#FY2023Audited	#FY2024Audited	#FY2025Audited · Annual
Income
1	Revenue from Operations	387.1	▲8.9%421.5	▲11.1%468.2
2	TMT Bars & Rods	213.0	232.0	258.0
3	Structural Steel (angles/channels/beams)	92.0	100.0	112.0
4	Billets & Semi-finished	58.0	63.0	70.0
5	Wire Rods & Others	24.1	26.5	28.2
6	Other Income	4.6	▲13.0%5.2	▲11.5%5.8
7	Total Incomeƒ	391.7	▲8.9%426.7	▲11.1%474.0
Expenses
8	Cost of Materials Consumed	250.0	▲8.0%270.0	▲11.1%300.0
9	Changes in Inventories	−2.0	▼25.0%−2.5	▼20.0%−3.0
10	Employee Benefits Expense	24.0	▲10.4%26.5	▲9.4%29.0
11	Power & Fuel	34.0	▲10.3%37.5	▲14.7%43.0
12	Other Expenses	33.4	▲9.3%36.5	▲8.5%39.6
13	Total Operating Expensesƒ	339.4	▲8.4%368.0	▲11.0%408.6
14	EBITDAƒ	52.3	▲12.2%58.7	▲11.4%65.4
15	Depreciation & Amortisation	12.0	▲8.3%13.0	▲7.7%14.0
16	EBITƒ	40.3	▲13.4%45.7	▲12.5%51.4
17	Finance Costs	16.3	▲2.5%16.7	▲1.8%17.0
18	Profit Before Taxƒ	24.0	▲20.8%29.0	▲18.6%34.4
19	Tax Expense	6.0	▲20.0%7.2	▲19.4%8.6
20	Profit After Taxƒ	18.0	▲21.1%21.8	▲18.3%25.8

20 rows

Extracted from source DerivedCompactCozy

Meridian Steel Corp. · Credit Memo

Committee-ready

Credit MemoMeridian Steel Corp.View mode

Checklist 2

Credit Memo · Committee July 2026

Meridian Steel Corp.

$45.0M Senior Secured Term Loan · Phase II Capacity Expansion · 6 years · 12-mo interest-only · 3 tranches

Section summaryDeal snapshotStrength

APPROVE with covenants: $45.0M senior secured term loan, secured 1.31x, base-case DSCR never below 1.47x.

Obligor grade

BBB-

Facility grade

BBB

Min DSCR

1.47x

RAROC

18.9%

Pricing

SOFR ~9.25%

Grounded inSpreads[1], projections[2], internal rating[3], risk monitor and diligence[4]

1. Recommendation & Credit View

AI recommendationApprove with covenantsStrength

Approve the $45.0M senior secured term loan with the covenant package and conditions below.

This memorandum recommends approval of a $45.0M Senior Secured Term Loan for Meridian Steel Corp. to fund a Phase II capacity expansion, upgrading the rolling mill from 120,000 to 165,000 tons per year. The facility is a 6-year term loan with a 12-month interest-only period, drawn in three milestone-linked tranches. Project cost is $62.0M against a sponsor equity contribution of $17.0M (27.4%).[1]

Meridian is a mid-market integrated steel manufacturer in Pittsburgh, Pennsylvania, with 9 consecutive profitable years. FY25 revenue was $468.2M (+11.1% YoY), EBITDA $65.4M at a 14.0% margin, and PAT $25.8M. Debt/Equity improved from 1.46x to 1.14x, DSCR is 1.62x, and interest coverage is 3.85x, all comfortably inside policy.[2]

The internal grade is BBB- (score 72/100); the senior secured position lifts the facility one notch to BBB. Base-case DSCR troughs at 1.47x in FY27E during the capex ramp and rebuilds to 2.75x by FY32E; net leverage clears 1.0x by FY31E. RAROC of 18.9% clears the 15% hurdle. Recommendation: approve, subject to the covenant package and conditions below.[3]

AI inference

Meridian is a nine-year profitable integrated steel producer with improving leverage and coverage into the facility period. The $45M expansion is 27% sponsor-funded, milestone-tranched, and secured 1.31x. Base-case DSCR troughs at 1.47x with comfortable covenant headroom; even the downside case holds above the 1.25x floor.

2. Facility Structure & Sources / Uses

The $45.0M senior secured term loan disburses in three milestone-linked tranches, each released on independent-engineer sign-off:

Tranche	Amount $ M	Drawdown	Use of proceeds
Tranche 1	18.0	On close	Rolling-mill civil & structural works
Tranche 2	17.0	Milestone 1 · month 6	Mill equipment & automation
Tranche 3	10.0	Milestone 2 · month 12	Balancing plant & commissioning
Total facility	45.0	20 quarterly instalments after the 12-mo interest-only period

Sources of funds

Source	$ M	%
Senior Secured Term Loan	45.0	72.6%
Sponsor equity	17.0	27.4%
Project cost	62.0	100%

Uses of funds

Use	$ M
Rolling mill & primary equipment	48.0
Balance-of-plant & utilities	8.0
Margin for working capital	4.0
Contingency	2.0
Total project cost	62.0

Uses are capex-weighted: 90% funds the rolling mill and balance-of-plant, with $4M of working-capital margin and $2M contingency. No proceeds refinance existing debt, so the facility is genuinely growth capital.

3. Borrower & Group

Installed capacity

120,000 → 165,000 tons/yr

Products

TMT · structural · wire rod

Sponsor holding

74% (nil pledge)

Plant

Pittsburgh, Pennsylvania

Sales mix

90% domestic / 10% export

End-markets

EPC · auto · govt · dealer

Track record

9 profitable years

Management

New CFO Jan 2026; board stable

4. Industry & Positioning

Producer	Revenue	EBITDA margin	Net Debt/EBITDA	D/E	RoCE	Grade
Meridian Steel	468	14.0%	3.51x	1.14x	10.5%	BBB-
Allegheny Bar & Rod	620	13.2%	3.9x	1.35x	9.2%	BB+
Keystone Ispat	410	15.1%	2.8x	0.95x	12.1%	BBB
Monongahela Structurals	540	12.4%	4.4x	1.60x	8.0%	BB
Laurel TMT & Power	355	14.6%	3.2x	1.05x	11.4%	BBB-

AI inference

Meridian sits mid-pack on scale and in line with the comparable median on EBITDA margin and RoCE, with mid-range leverage. The flat-realisation base case excludes any steel-price upside, so projected deleveraging is volume- and efficiency-driven, not cycle-dependent.

5. Revenue & Volume Analysis

Volume-led growth

Revenue is driven by a capacity ramp (120k → 165k TPA, utilization 75% → 92%) and an improved product mix (TMT/rebar 55%, structural 30%, wire rod 15%), not price, realization is held flat in the base case.

Backward-integrated EAF model

An Electric Arc Furnace route with in-house scrap processing provides a ~$15-18/ton cost advantage over standalone re-rollers.

Infrastructure exposure

~40% of revenue is under long-term contracts with EPC contractors; the $1.2T federal Infrastructure Investment and Jobs Act underpins multi-year demand.

Cash flow generation

Positive operating cash flow for 5 straight years; FY25 CFO $58.0M covers interest 3.4x.

6. Financial Performance

Summary points

Revenue grew 11.1% YoY; ~14% volume growth offset by a ~3% realization decline.
D/E improved to 1.14x vs the 2.0x covenant; DSCR of 1.62x gives 30% headroom above the 1.25x floor.

Open items

Validate whether the FY25 margin uptick is structural or driven by one-time cost deferrals.

Clarify with company

Confirm FY26 guidance; management indicated $520M but no formal projection has been shared.

AI inference

Revenue compounded ~10% to $468M with EBITDA margin steady at 14.0%; net leverage fell from 4.76x to 3.51x and DSCR strengthened to 1.62x. The working-capital cycle is tightening (CCC 152 → 137 days). Every trend runs favourably into the facility.

7. Ratio Analysis

Leverage improving

D/E 1.46 → 1.14x · Net Debt/EBITDA 4.76 → 3.51x

Coverage comfortable

Interest coverage 3.85x · DSCR 1.62x, ~30% headroom

Liquidity softening

Current ratio 2.12 → 1.76x · cash cover 0.21x

Profitability

Ratio	FY23	FY24	FY25
EBITDA Margin	13.5%	13.9%	14.0%
PAT Margin	4.7%	5.2%	5.5%
Return on Equity	9.7%	10.6%	11.3%
Return on Capital Employed	8.8%	9.6%	10.5%

Leverage & Solvency

Ratio	FY23	FY24	FY25
Debt / Equity	1.46x	1.31x	1.14x
Total Debt / EBITDA	5.22x	4.57x	4.00x
Net Debt / EBITDA	4.76x	4.10x	3.51x
TOL / TNW	1.81x	1.66x	1.50x

Coverage & Debt Service

Ratio	FY23	FY24	FY25
Interest Coverage	3.21x	3.52x	3.85x
EBIT / Interest	2.47x	2.74x	3.02x
DSCR	1.38x	1.51x	1.62x
CFO / Total Debt	18%	19%	22%

Liquidity & Working Capital

Ratio	FY23	FY24	FY25
Current Ratio	2.12x	1.91x	1.76x
Quick Ratio	1.42x	1.25x	1.14x
Debtor Days (DSO)	92	91	88
Cash Conversion Cycle	152	145	137

8. Working Capital & Borrowing Base

Borrowing-base assessment · $ M

Inventory (paid stock)	95.8
Less: sundry creditors	(56.0)
Paid stock	39.8
Less: margin @ 25%	(9.9)
Eligible paid stock	29.9
Book debts < 90 days	92.0
Less: margin @ 40%	(36.8)
Eligible book debts	55.2
Borrowing base	85.1
Revolver limit	75.0
Current utilisation (80%)	60.0

9. Debt Profile & Repayment

Facility	Type	Committed	Outstanding	Rate	Maturity
Syndicated Term Loan	Term	230.0	178.0	SOFR+2.75%	Mar 2031
Equipment Finance	Term	18.0	12.0	SOFR+3.25%	Mar 2028
Revolver / ABL	Working capital	75.0	60.0	SOFR+3.00%	Annual renewal
Trade Finance (LC-backed)	Trade finance	20.0	11.8	SOFR+2.40%	≤ 180 days
Existing debt		343.0	261.8	~9.3% all-in
Proposed, Phase II Term Loan	Term	45.0	-	SOFR+2.75%	Mar 2032

Repayment & debt-service schedule · $ M

FY	Principal	Interest	Total service
FY26E	16	15	31
FY27E	25	17	42
FY28E	24	16	40
FY29E	22	14	36
FY30E	20	12	32
FY31E	16	10	26
FY32E	10	8	18

Debt service peaks at $25M principal in FY27E, covered 1.47x; the new facility begins amortising after the moratorium.

10. Projections & Assumptions

Particulars ($ M / ratio)	FY25A	FY26E	FY27E	FY28E	FY29E	FY30E	FY31E	FY32E
Revenue	468.2	520	614	702	770	790	790	790
EBITDA	65.4	73.3	87.2	101.1	112.4	116.9	116.9	118.5
EBITDA margin	14.0%	14.1%	14.2%	14.4%	14.6%	14.8%	14.8%	15.0%
Profit After Tax	25.8	29.5	36.1	45.8	55.0	59.9	61.4	64.9
Net Debt / EBITDA	3.51x	3.34x	2.87x	2.25x	1.71x	1.28x	0.90x	0.46x
DSCR	1.62x	1.55x	1.47x	1.63x	1.88x	2.14x	2.42x	2.75x

DSCR troughs at 1.47x in FY27E during the capex ramp, rebuilding to 2.75x by FY32E; net leverage clears 1.0x by FY31E. Realisation is held flat, so the deleveraging is volume-led.

11. Sensitivity & Scenario Analysis

Scenario	Revenue	EBITDA	Min DSCR	Peak Leverage	Covenant
Base	as modelled	as modelled	1.47x	3.34x	Comply
Downside · margin −150 bps, ramp +1 yr	−8%	−15%	1.28x	4.02x	Thin (holds)
Severe · price −8%, volume −12%, +200 bps	−20%	−25%	1.08x	5.10x	Breach → cure

Break-even to the 1.25x floor

EBITDA margin floor 11.8% (base 14.0%) before FY27E DSCR = 1.25x

Volume floor 108,000 tons (base 118,000)

Realization floor ~$665/ton (base ~$700/ton)

DSCR sensitivity

FY27E · realisation $/t × utilisation %

$/t ↓ · util % →	72%	80%	88%	95%
$645	1.28x	1.42x	1.56x	1.68x
$675	1.37x	1.52x	1.67x	1.80x
$700	1.47x	1.63x	1.79x	1.93x
$730	1.57x	1.74x	1.91x	2.06x
$755	1.67x	1.85x	2.03x	2.19x

AI inference

Base-case min DSCR is 1.47x; the downside (margin −150 bps, ramp +1 yr) holds at 1.28x, and only the severe case (price −8%, volume −12%) dips to 1.08x with a defined cure. Covenant headroom is adequate through the cycle.

12. Internal Rating & Scorecard

Internal BBB- obligor / BBB facility · PD 1.80% · LGD 35% · expected loss 0.63% · obligor score 72 / 100.

Factor	Band	Score / 100	Weight
Coverage	Interest coverage 3.85x	82	28%
Leverage	D/E 1.14x, improving	78	24%
Profitability	EBITDA margin 14.0%	75	20%
Business Risk	Top-3 customers 41%	74	16%
Liquidity	Current ratio 1.76x	70	12%

13. Risk Assessment & Mitigants

Risk	Likelihood	Impact	Mitigant	Residual
Steel-price cyclicality	Med-High	High	Flat-price base case; input pass-through; DSCR covenant	Medium
Leverage elevated through capex	Medium	Medium	Amortizing structure; step-down covenant; 27% sponsor equity	Low-Med
Customer concentration (top-3 41%)	Medium	Medium	Diversifying across 6 end-markets; LC-backed export; reporting covenant	Medium
Phase II execution & ramp-up	Medium	Medium	9-yr sponsor track; milestone-linked tranches; independent feasibility study	Low-Med
Working-capital stretch	Low-Med	Medium	Borrowing-base-linked revolver; aging improving (DSO 92→88)	Low
Environmental / regulatory	Medium	Medium	Permits current; controls embedded in capex	Low
Sponsor / governance	Low	High	74% holding, no pledge, clean bureau, stable board	Low

14. Data Triangulation

Figure	Sources	Status
Revenue $468.2M	Audited · Tax Return · Sales Tax	✓ Consistent (3 sources)
EBITDA $65.4M	Audited · Bank	✓ Consistent
Total Debt $261.8M	Audited · Bank	✓ Consistent
Inventory $95.8M	Audited · Borrowing Base	✓ Consistent (within 2%)
Cash & Bank	Audited $32.4M · Bank $30.1M	⚠ 7% variance, Review

5 figures · 4 sources · 4 consistent · 1 to review; the cash-balance variance is a condition precedent.

15. Security & Covenants

Security package

First lien (pari-passu) on Phase II and existing plant & equipment (net block $245M).
Mortgage on factory land & building, Pittsburgh; appraiser-assessed realizable value $308M.
Secured term debt (existing + new) $235M → security cover 1.31x.
Sponsor personal guarantee (independently assessed net worth $95M).

Covenant package

Covenant	Threshold	Current	Trough	Status
DSCR	≥ 1.25x	1.62x	1.47x (FY27E)	Comply
Total Debt / EBITDA	≤ 4.25x → 3.0x	4.00x	3.89x (FY26E)	Comply
Interest Coverage	≥ 2.50x	3.85x	3.86x (FY26E)	Comply
TOL / TNW	≤ 2.00x	1.50x	~1.45x	Comply
Promoter Holding	≥ 51%	74%	74%	Comply
Security Cover	≥ 1.25x	1.31x	1.31x	Comply

16. Legal, Compliance & Diligence

Litigation: No active bankruptcy or litigation (company or sponsor); 1 resolved matter FY23
Regulatory / Bureau: Not on default / suit-filed lists; no adverse media (12-month scan)
Management: New CFO appointed Jan 2026 (informational); board and sponsors stable
Environmental: operating consents current; Phase-II capex includes emission-control equipment.
Banking conduct satisfactory across all facilities.

17. Pricing, Returns & Conditions

Pricing & returns

Coupon	SOFR-linked ~9.25% all-in
Cost of funds	~6.90%
Net interest margin	~2.35%
Origination fee	0.75% ($0.34M)
Expected-loss charge	0.63% ($0.28M)
Economic capital	~$5.4M
RAROC	18.9% (hurdle 15%)

Conditions precedent

Reconcile the $2.3M cash-balance variance before first drawdown.
Receive outstanding property & casualty insurance; note lender as loss-payee.
Perfect first lien on Phase II assets; file UCC within 30 days of drawdown.
Independent lender's-engineer sign-off before each tranche release.

Conditions subsequent

Maintain DSCR ≥ 1.25x and the leverage step-down, tested quarterly on certified financials.
Report if top-3 customer concentration exceeds 45% of revenue.
Sponsor holding not below 51%; no fresh pledge without lender consent.
Route proportionate sales through the syndicate; maintain borrowing-base discipline.

APPROVE with covenants

$45.0M senior secured term loan, priced SOFR-linked ~9.25% all-in, RAROC 18.9% against a 15% hurdle, secured 1.31x with a quarterly-tested covenant package and the conditions precedent above.

Recommended: RM · Concurred: Credit · Approved: CRO

Same rigor, a fraction of the time

With a full audit trail your auditors, examiners, and LPs can inspect.

Faster deal closure: 75%; Reduce time from document intake to credit committee
Accuracy with expert review: 100%; AI extracts, domain experts verify every output
Audit trail coverage: Full; Every decision linked to source documents

The problem

What slows credit unions down

The work that eats analyst time today.

A commercial program run by a few people

Many credit unions run member business lending with one or two analysts, or lean on a CUSO. The pipeline grows faster than the team.

Examiners read the credit analysis

NCUA's commercial lending rule expects documented cash flow analysis for each loan. A spreadsheet with hard-coded numbers makes that harder to show.

Members expect a fast answer

Business members compare the credit union's turnaround with banks and online lenders. Days of spreading on each file cost relationships.

No appetite for a conversion project

Adding commercial underwriting should not mean a core conversion or a long integration project for a small IT team.

How it works

How vishwa.ai automates it

AI does the work, our experts verify it, and your team makes the decisions. Every output traces back to its source document.

Meridian Steel Corp. · Data Room

Diligence

Drop files here, forward to the deal inbox, or browse

ExtractionsFiles2 pending

Request documents Manage accessFolder

Search2In review21/24Approved13/24Extracted21/24Copilot ready1 overdue21 of 24 requested received

NameSourceExtraction

Financials3

Audited Financial Statements - FY2023

audited_financial_statements_fy2023.pdf

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Audited Financial Statements - FY2024

audited_financial_statements_fy2024.pdf

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Audited Financial Statements - FY2025

audited_financial_statements_fy2025.pdf

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Debt & Banking31 in review

Debt Schedule / Credit Agreements

debt_schedule_credit_agreements.xlsx

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Bank Statements - 12 monthsIn Review Review

bank_statements_12_months.pdf

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Covenant Compliance Certificate

covenant_compliance_certificate.xlsx

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Capital & Ownership1

Capitalization Table

capitalization_table.xlsx

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Working Capital3

Accounts Receivable Aging

accounts_receivable_aging.xlsx

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Borrowing Base Certificate

borrowing_base_certificate.xlsx

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Accounts Payable Aging

accounts_payable_aging.xlsx

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Collateral2

Borrowing Base Calculation

borrowing_base_calculation.xlsx

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Fixed Asset Register

fixed_asset_register.xlsx

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Tax3

Sales & Use Tax Filings - FY2025

sales_use_tax_filings_fy2025.pdf

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Federal Tax Return - FY2023

federal_tax_return_fy2023.pdf

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Federal Tax Return - FY2024

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Sponsor1

Sponsor Net Worth Statement

sponsor_net_worth_statement.pdf

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Bureau1

Business Credit Bureau Report

business_credit_bureau_report.pdf

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Legal & Corporate21 overdue

Charter / Bylaws & SEC Filings

charter_bylaws_sec_filings.pdf

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Insurance Certificates - Property & CasualtyOverdue

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Project31 in review

Phase II Capex Budget

phase_ii_capex_budget.xlsx

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Equipment Purchase OrdersIn Review Review

equipment_purchase_orders.pdf

Independent Feasibility Study

independent_feasibility_study.pdf

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Third-party2

Appraisal - Plant & Equipment

appraisal_plant_equipment.pdf

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Environmental Permits / Air Permit

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Frequently asked questions

Still deciding? Talk to our team.

Does vishwa.ai work for credit union member business lending?

Yes. Vishwa AI spreads business and personal returns and financial statements, builds global cash flow with every guarantor, computes DSCR and LTV, and drafts the credit memo, so one or two analysts can handle a growing member business loan pipeline.

Does vishwa.ai help with NCUA commercial lending requirements?

Vishwa AI produces the documented credit analysis NCUA's commercial lending rule expects: spread financials, global cash flow, and a credit memo tied to your commercial loan policy, with every figure traceable. Compliance stays with your credit union, and the file is easy to examine.

Can a credit union with one or two commercial analysts use vishwa.ai?

Yes. That is the team it helps most. AI extracts, our experts verify, and your analysts review the exceptions, so a small team spends its time on credit judgment instead of data entry.

Does vishwa.ai work alongside our core banking system?

Yes. Vishwa AI runs alongside your existing core and loan origination system rather than replacing them, and it works within the tools your team already uses. There is no core conversion, so most community banks go live in weeks.

What is an underwriting OS?

An underwriting OS runs the whole credit workflow in one place: document intake, financial spreading, risk analytics, credit memo generation, and portfolio monitoring. Instead of moving a deal between a data room, three point tools, and a stack of spreadsheets, you run it in one system. Vishwa AI applies your underwriting framework and credit policies the same way on every deal, and every output ties back to the source document it came from.

Does vishwa.ai have customers?

Yes. Vishwa AI runs in production at large enterprise clients across banking and private credit. Most of them prefer that we do not name them publicly, so we keep those relationships confidential. The product is mature and proven in the US market, and we are glad to walk through relevant, anonymized references under NDA on a call.

Who uses vishwa.ai?

Large banks and private credit firms use Vishwa AI for live underwriting and portfolio monitoring. We do not publish a client list because our customers prefer to keep their use of the platform confidential. It is an established, production grade system in regulated US lending, not a pilot.

Can you share customer references or case studies?

Our enterprise clients in banking and private credit prefer to stay anonymous, so we do not post named case studies. We can take you through real, anonymized outcomes and arrange references under NDA during a demo. Vishwa AI is a proven product in the US market, with enterprise deployments already in production.

Is vishwa.ai proven, or is it early-stage?

Vishwa AI is a mature, production grade platform used by large enterprises across US banking and private credit. It is not a pilot stage tool. We keep client names confidential at their request, but the product is proven at scale in regulated US lending.

Is AI underwriting auditable and explainable?

Yes. Every figure links to the source document and the calculation behind it, so when an examiner, an auditor, or an LP asks how you got a number, you can show them in one click. Vishwa AI applies the same logic to every deal and keeps a complete audit trail, which is usually the part manual spreading cannot reproduce six months later.

How accurate is the extraction, and is there human review?

AI extracts, our experts verify, and your analysts review the exceptions. In practice that turns a multi-day spreading exercise into a quick validation, with people focused on the cases that need judgment rather than re-keying a T-12 into Excel.

Keep exploring

Loan types we underwrite

Other lenders

Grow member business lending without adding analysts

Bring a live member business file. We will spread the returns, build global cash flow, and draft the credit memo, with an audit trail your examiner can follow.

Member business loan underwriting for credit unions

Meridian Steel Corp.

1. Recommendation & Credit View

2. Facility Structure & Sources / Uses

Sources of funds

Uses of funds

3. Borrower & Group

4. Industry & Positioning

5. Revenue & Volume Analysis

Volume-led growth

Backward-integrated EAF model

Infrastructure exposure

Cash flow generation

6. Financial Performance

7. Ratio Analysis

Profitability

Leverage & Solvency

Coverage & Debt Service

Liquidity & Working Capital

8. Working Capital & Borrowing Base

Borrowing-base assessment · $ M

9. Debt Profile & Repayment

Repayment & debt-service schedule · $ M

10. Projections & Assumptions

11. Sensitivity & Scenario Analysis

Break-even to the 1.25x floor

DSCR sensitivity

12. Internal Rating & Scorecard

13. Risk Assessment & Mitigants

14. Data Triangulation

15. Security & Covenants

Security package

Covenant package

16. Legal, Compliance & Diligence

17. Pricing, Returns & Conditions

Pricing & returns

Conditions precedent

Conditions subsequent

Same rigor, a fraction of the time

What slows credit unions down

A commercial program run by a few people

Examiners read the credit analysis

Members expect a fast answer

No appetite for a conversion project

How vishwa.ai automates it

Intake

Spread

Compute DSCR and global cash flow

Draft the credit memo

Loan review and monitoring

Frequently asked questions

Related

Grow member business lending without adding analysts