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Launch commercial lending with Aloan as your system of record

For lenders standing up a commercial lending program, Aloan runs the loan file from application intake through the approved, source-cited credit memo as the system of record from day one. Works alongside your existing LOS, or can serve as your system of record. A lender with nothing to replace has a different buying problem than a bank mid-migration. The job the system needs to do on day one is underwrite the program's first commercial loan defensibly, with a file the credit committee can defend and a spread an examiner can trace.

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Aloan as the system of record for a new commercial lending program

Who this is for

Built for lenders with nothing to replace

Banks standing up a commercial program

De novo banks and consumer-focused institutions adding C&I or CRE lending. The core stays where it is; the commercial credit file gets a purpose-built home instead of inheriting a consumer workflow.

Credit unions launching member business lending

An MBL program under NCUA Part 723 needs defensible credit documentation before it needs enterprise workflow. See Aloan for credit unions.

CUSOs and non-bank lenders adding a product line

A new equipment finance, SBA, or CRE product line can start with underwriting infrastructure that matches bank credit standards, without waiting on a platform build.

Teams running commercial lending on spreadsheets and email

If the program's system of record is a shared drive, the first system it adopts should be the one that structures the credit file itself, and the audit trail that goes with it.

What ships today

What your program runs on Aloan from day one

  • Application intake with KYC and ownership capture. Borrower applications arrive structured, with identity checks and the ownership tree captured at intake, so the file starts organized instead of assembled from attachments.
  • Document collection through the borrower portal. Structured request lists, borrower upload, and status visibility, with every document recognized by borrower, entity, form type, and tax year on arrival.
  • Financial spreading and global cash flow. 1040, 1065, 1120, and 1120-S returns spread with K-1 tracing across related entities, collateral analysis, and owner-level rollup, with every number cited to its source page.
  • Credit memo generation. Structured, source-cited memo sections the underwriter reviews and approves instead of drafting from a blank page.
  • Single-approver approval workflow. Draft, submitted, and approved states with the decision history preserved for review.
  • Covenant monitoring. Post-booking covenant tracking that uses the same calculation logic as underwriting, so the program's monitoring obligations start on the same system the loan was decided on.

What is emerging

What we are honest about

A lender choosing its first system deserves a straight answer on where the edges are. Aloan does not generate closing documents today. The plan is a partner passthrough to the documentation system your attorneys already use, such as LaserPro, and that passthrough is on the roadmap rather than shipped. Booking and funding stay with your core. Multi-tier approval routing for larger committees is on the roadmap, and so is portfolio-level pipeline reporting: today the loan file record is complete, and pipeline views across files are still being built.

We publish this the same way we publish our audit trail: because a program built on claims it cannot demo does not survive its first exam, and neither does a vendor.

Already have an LOS?

If you already run an LOS, keep it

This page is for lenders with nothing to replace. If your bank already runs nCino, Abrigo, Baker Hill, MeridianLink, or a core-bundled origination system, the right deployment is Aloan working alongside it: the commercial loan underwriting platform runs document collection, spreading, and credit memos while your LOS keeps pipeline, approval, and closing. See the Aloan for commercial lending product overview for how the pieces sit together, or read Stop ripping and replacing your LOS for the argument in long form.

The comparison hub covers head-to-head decisions, and the commercial loan origination software page walks the category for incumbent-LOS buyers. The AI-assisted underwriting playbook is the deeper reference on how the analyst layer changes without touching the origination system.

FAQ

Launching a commercial lending program: FAQ

What loan origination system should a lender launching a commercial lending program use?

A lender launching a commercial lending program has nothing to migrate, so the evaluation is different from a replacement project. The practical choice is between configuring an incumbent LOS (nCino, Abrigo, Baker Hill) for a program that has no book yet, or standing up on an AI-native platform like Aloan that runs intake, document collection, financial spreading, and credit memo generation as the system of record from day one. Aloan goes live within 2-4 weeks. The deciding question is what the program needs on launch day: a workflow platform built for banks that already have decades of commercial lending on it, or a system it can underwrite its first commercial loans on this quarter.

Is Aloan a loan origination system (LOS)?

Aloan is an AI-powered commercial underwriting platform. It works alongside the LOS a lender already runs (nCino, Abrigo, Baker Hill, MeridianLink, Finastra, or a core-system module), automating document collection, financial spreading, global cash flow, and credit memos without a migration. For lenders that want one system, Aloan can also serve as the system of record; that capability is emerging, with full origination on the roadmap. Lenders launching a new commercial program are the natural fit for the system-of-record deployment, because there is nothing to migrate.

What does a credit union need to launch member business lending?

Beyond NCUA Part 723 policy work, board-approved limits, and lending staff, a credit union launching member business lending needs a system that can document the credit decision defensibly: structured application intake, complete document collection, spreading of business tax returns with owner-level rollup, and a credit memo an examiner can trace to source pages. Running that on spreadsheets and email is the common starting point and the common regret. Aloan gives an MBL program that system without an enterprise LOS implementation.

Can a commercial lending program start on Aloan and add an LOS later?

Yes. Aloan works alongside your existing LOS, or can serve as your system of record. A program that starts on Aloan keeps its underwriting workflow, document history, and memo archive if it later adopts a workflow-first LOS for pipeline and closing at scale, because the analysis layer runs the same way in both deployments. Nothing about starting greenfield locks the lender out of the works-alongside deployment later.

Underwrite your program's first commercial loan this quarter

Bring the loan policy and a sample deal. We will walk the file from application to source-cited credit memo on Aloan.

Get a demo