For community and state banks and private credit funds
Underwriting Automation for Institutional Lenders
Faster credit decisions from Intrepid's financial and ratio analysis, run on your credit policy. Monitoring continues after funding.
What it is
Underwriting Software for Community and State Banks
Community bank underwriting software that underwrites the file on your policy, then keeps monitoring it after funding.
Intrepid is a financial intelligence platform that uses AI for underwriting and portfolio monitoring, built for community and state banks, private credit funds, and other institutional lenders that need every file underwritten to their credit policy, and an alert when a borrower crosses a threshold after funding.
Not a lender. Not a core replacement. Private labeled with your branding, colors, and logo.
In one system
- Financial analysis
- Automated document collection
- Ratio analysis on your credit policy
- Portfolio monitoring
Inside the platform
Commercial Loan Spreading and Covenant Monitoring
The application, the analysis, the credit memo, and the monitoring after funding happen in one place, on your credit policy.
Bank statement analysis with cash flow, NSF, and MCA detection
Deposit patterns, NSF events, lowest daily balances, merchant cash advance detection, and fraud signals, structured for review, with review time down from hours to minutes.
Automated financial spreading and ratio calculation
Loan spreading software that runs spreads and ratios on every submission with your formulas: tax return spreads, debt service coverage ratio, loan to value, current ratio, and leverage.
Covenant testing with automated document collection
Required documents are set once to your policy and requested from every borrower. Covenants are tested as new financials arrive, without manual checks.
- RequestedFrom every borrower
- ReceivedAs new financials arrive
- TestedAgainst your covenants
Underwriting models configured to your credit policy and covenants
Models tuned to your policy, not rebuilt for every deal.
Calculating
Cash flow (EBITDA)$446,897
Debt service coverage1.31×
Leverage (tangible)4.25×
Current ratio3.44×
Connects to your core, LOS, and document systems
No core integration required to start. Connect your core, LOS, and document systems when you're ready. Your core stays, your policy stays, and your data stays yours.
- Core bankingYour core provider
- Loan originationYour LOS
- Document imagingYour DMS
IntrepidFinancial intelligence
Portfolio monitoring with threshold alerts
Covenant tracking software that tests borrower financials against your thresholds on the schedule you set, with an alert when one is crossed.
Automated covenant testing
| Borrower | Debt service coverage 1.25× | Leverage 3.5× | Liquidity 1.1× | Reporting |
|---|---|---|---|---|
| Harbor Logistics LLC | Pass | Pass | Pass | Pass |
| Meridian Dental Group | Pass | Pass | Pass | Pass |
| Prairie Ag Supply | Pass | Pass | Pass | Pass |
| Northstar Fabrication | Pass | Pass | Pass | Pass |
| Cedar Creek Hospitality | Flagged | Pass | Pass | Pass |
Cedar Creek HospitalityDebt service coverage ratio 1.18×, below the 1.25× covenant. Flagged before the annual review.
Data connections
- MX
- Codat
- QuickBooks
- Zapier
- Salesforce
- Microsoft SSO
Also included: push and pull APIs and webhooks. Hosted on Amazon Web Services.
How it works
How the Platform Works
Three steps to a decision, and monitoring from the day the loan funds.
- 01
Application and data collection
Borrowers apply in your private labeled portal and securely connect bank and accounting data. Required documents are requested and tracked.
- 02
Financial analysis
AI-driven analysis of bank statement data, cash flow, revenue stability, AR quality, and risk signals, analyzed against your credit policy and covenant definitions.
- 03
Ratio analysis and credit memo inputs
Spreads and covenant ratios run with your formulas and feed the memo inputs, so the file reaches committee with the analysis done. Intrepid's credit memo software assembles the draft memo in your own format, and your analysts review it.
Funded.
Monitoring takes over.
- 04
Post-funding
Portfolio monitoring and covenant testing
Borrowers stay connected after closing. Intrepid retests covenants on your schedule or on demand and alerts your team when a threshold is crossed.
What you get
What Changes for Your Credit Team
4-6×
underwriting volume observed at one partner bank with Intrepid. Same staff. Same compliance. Reference available on request.
200+
interviews with bankers, credit officers, and small business borrowers, before the first line of code.
- Board members with deep experience in commercial banking, investment banking, and capital formation.
- TechPoint Mira Awards nominee and ACG Indiana 2026 Annual Corporate Value Awards winner.
Schedule a Demo
Subscription based, no per deal fees.
Why Intrepid
Why Intrepid Is Different
What a credit committee will notice.
Your credit policy, not a black box
Every file is analyzed against your own credit policy, thresholds, and covenant definitions, so results arrive the way your credit committee expects to see them.
Monitoring that continues after closing
Covenant tests run on your schedule, or on demand, not an analyst's calendar, so the borrower conversation happens early rather than at the next annual review.
Files arrive already spread
Spreads, ratios, and memo inputs are prepared before anyone opens the file, so your analysts spend their time on judgment instead of data entry.
Never competing for your borrower
Not a lender, never in the flow of funds. Intrepid brings deal flow that fits your credit policy and never competes for the relationship.
In plain terms
What Intrepid Is, and Is Not
Intrepid is
- A platform that runs on your credit policy.
- Connected to your borrowers' banking and accounting systems.
- Portfolio monitoring that continues after funding.
- Private labeled, so borrowers see your brand throughout.
- Up and running with no core integration required.
Intrepid is not
- A black‑box scoring engine that hides its inputs.
- A static document repository.
- A point-in-time application portal.
- A lender competing for your borrower relationships.
- In the flow of funds. Intrepid takes no spread and does not participate in the credit.
Outcomes
Scale Underwriting Without Adding Staff
As loan volume grows, the same credit team can:
- Shorten underwriting cycles
- Strengthen portfolio monitoring
- Increase throughput per analyst
- Stay ahead of borrower risk after funding
- Improve credit consistency and documentation integrity
One connected system, from the first application to the last covenant test.
We share security documentation during any engagement and welcome third party risk reviews. Intrepid Finance is headquartered in Fishers, Indiana and serves community and state banks, private credit funds, and other institutional lenders across the United States.
- Independently audited controls. SOC 2 Type I and II reports, ISO 27001 certification, and ISO 42001 certification underway.
- Hosted on Amazon Web Services. Private labeled under your brand.
SOC 2AuditedData Security
ISO 27001CertifiedInformation Security
ISO 42001UnderwayAI Management
Amazon Web ServicesHostedCloud Infrastructure
Microsoft SSOSupportedSingle Sign On
FAQ
Common Questions from Credit Teams
What is Intrepid for institutional lenders?
Intrepid is a financial intelligence platform that community and state banks, private credit funds, and other institutional lenders use to automate underwriting and monitor their portfolios. Borrowers apply through your private labeled portal and connect their bank and accounting data. Intrepid returns spreads, ratio analysis on your credit policy, and credit memo inputs, then keeps testing covenants after the loan is funded.
Is Intrepid a black‑box scoring engine?
No. The inputs are yours and you can see them. Underwriting models are configured to your credit policy and covenant definitions, and spreads and ratios use your formulas.
Does Intrepid's AI make credit decisions?
No. Intrepid's AI does not make lending decisions, generate credit opinions, or score applicants. It analyzes the financial file against your credit policy and covenant definitions, and every credit decision stays with your credit team. The inputs and formulas are yours, and you can see them.
Does Intrepid automate financial spreading and credit memos?
Yes. Financial spreads and covenant ratios are calculated automatically on every submission using your formulas, including tax return spreads and debt service coverage ratio, loan to value, current ratio, and leverage calculations. The structured output feeds credit memo preparation in your own format and speeds up credit committee prep.
Does Intrepid analyze bank statements?
Yes. Bank statement analysis covers cash flow, deposit patterns, NSF events, lowest daily balances, merchant cash advance (MCA) detection, and fraud signals, structured for the analyst, with review time down from hours to minutes. Bank data arrives through the MX connection, alongside Codat accounting data.
What types of lending does Intrepid support?
Commercial and industrial lending, small business lending, and asset based lending. For asset based lending, Intrepid automates AR and AP concentration schedules, aging history, revenue by customer, and cash account diagrams, mapped to your existing deal tool and workpaper format.
Does Intrepid replace our core or loan origination system?
No. There is nothing to replace to get started, and no core banking integration is required. When you are ready to go deeper, push and pull APIs and webhooks connect Intrepid to your core, CRM, or origination system.
What security certifications does Intrepid hold?
Intrepid holds SOC 2 Type I and Type II attestation reports and ISO 27001 certification, with ISO 42001 certification underway. The platform runs on Amazon Web Services. We share security documentation during vendor due diligence and welcome third party risk reviews. See the Trust Center for details.
How is Intrepid priced?
Intrepid is subscription based, with no per deal submission fees. Pricing is set by volume, feature set, and term length, with month to month and annual agreements available. For pricing on your volume, talk with our team.
How long does implementation take?
Implementation typically takes one to two weeks when your team takes borrower applications through Intrepid. Receiving deals as a funding partner takes a couple of hours. There is nothing to replace to get started, and no core banking integration is required. Your team sets the credit policy, covenant definitions, and required documents once, and borrowers apply through your private labeled portal. Core, LOS, and document system connections can follow when you are ready.
What size institutions use Intrepid?
Intrepid is used by banks across a wide range of asset sizes. It is built for community and state banks, private credit funds, and other institutional lenders that underwrite to a written credit policy. Pricing is set by volume, feature set, and term length, so a small credit team and a large one run on the same platform.
Does Intrepid work for credit unions?
Yes. The platform runs on the lender's own credit policy, covenant definitions, and formulas, and it is private labeled under the lender's brand. No core integration is required to start.
More questions? See the full Intrepid FAQ.
Faster Credit Decisions on Your Credit Policy
Monitoring continues after closing.