AI does the volume. A credit analyst makes the judgment.
Carmine learned capital structure from the wrong end of it: restructuring. Seeing how excessive leverage, the wrong amortization, tight covenants and lender mismatch compound an already-difficult business teaches you what a company can — and cannot — safely carry. Transparent applies those lessons before the debt exists.
What that means on your file, specifically
The analyst reads it
BRUNO runs the six underwriting tests against your documents. A commercial credit analyst reads the output, checks the source material and resolves anything that requires judgment.
The analyst reviews the package
The bankability memo and the teaser lenders see are reviewed line by line, then shown to you before anyone else sees them.
The analyst builds the shortlist
The AI recommends lenders by credit box, check size, sector and geography. The analyst checks why each name belongs, and you approve every name before your file moves.
The analyst runs the competition
Indications are compared on rate, structure, covenants and timing. Carmine steps into exceptions and negotiations where principal judgment can change the outcome.
The work, in order
- 01
Upload what you have
Start with the documents already on your computer: two years of business returns, YTD financials, a current debt schedule and an A/R aging if receivables matter. You do not need to know whether the package is complete before you begin.
- 02
Know exactly what is missing
BRUNO reads the documents, reconciles them against your intake and gives you a live, plain-English checklist. No email ping-pong. No guessing what a lender means by a full package. A commercial credit analyst reviews anything that requires judgment.
- 03
Approve the deal story
We normalize the financials and build an investment-banking-style teaser and underwriting memo. You see the work first, correct anything that needs context and approve the final version before it can move.
- 04
Approve the lender strategy
The AI screens 1,500+ lenders by credit box, check size, sector and geography, then recommends the strongest 50. You see why each lender belongs and approve every lender by name before anything leaves.
- 05
Go to market under a codename
Approved lenders receive the credit metrics first — not your company, address or owners. Nobody pulls your credit to give an indication. A lender has to say what it would do before it learns whose file it is.
- 06
Keep the answers competing
BRUNO tracks opens, chases questions and keeps the process moving after hours. However many lenders answer, the strongest are run against each other on rate, structure, covenants and timing; a commercial credit analyst handles the negotiations that require judgment, with Carmine overseeing the desk.
Questions before you send anything? Write to me directly. I answer this address myself.
carmine@transparentcap.comCarmine Bruno · Managing Partner, Transparent Capital LLC. Every figure on this site comes from a public file — 118,868 closed loans in the SBA’s own release — or a rule you can look up.