From term sheet to closing table.
OpenShut takes the information for an SBA 7(a), 504, Express, or CAPLines loan and turns it into a ready-to-sign closing binder. The system applies the rules tied to the transaction, completes the applicable documents, and assembles the binder in one workflow.
The product
One system for the SBA closing package.
One closing package
Enter the transaction information once. OpenShut assembles the documents that belong in the SBA closing package and organizes them as one binder.
Rules tied to the deal
The system uses the program, transaction facts, and applicable requirements to determine what belongs in the package and how the documents are completed.
Deterministic output
A given set of transaction facts follows the same rules every time. Material outputs can be traced back to the deal information and source that produced them.
SBA programs
SBA 7(a), 504, Express, and CAPLines.
SBA 7(a)
Closing packages for the SBA's primary business-loan program, assembled around the facts and approved terms of the transaction.
SBA 504
Closing packages for 504 transactions involving the borrower, CDC, third-party lender, and the program-specific closing documents.
SBA Express
Closing workflow for SBA Express loans, including the SBA-side package and the lender-specific information required for the transaction.
SBA CAPLines
Closing workflow for SBA revolving working-capital facilities across the CAPLines programs.
Built around the sources that govern the closing.
OpenShut's legal logic and document system are derived from the authorities, program materials, and official forms that apply to the transaction. Detailed source and compliance coverage will be published ahead of launch.
U.S. Small Business Administration
SBA SOP 50 10
13 CFR Part 120
Official SBA forms and program materials
Applicable state commercial law and the UCC
Federal tax, flood, and other closing sources when applicable
How it works
The deal goes in. The closing binder comes out.
Enter the transaction
Provide the deal information OpenShut needs for the selected SBA program and closing.
Apply the closing rules
OpenShut evaluates the transaction facts, determines the applicable package, and completes the documents from the deal information.
Receive the binder
The closing package is assembled as an organized, ready-to-sign binder for the transaction.
Compliance coverage
Detailed program, source, and jurisdiction coverage is coming ahead of launch.
OpenShut is updating its SBA rule set for the current program materials before opening access.
Early access
Join the OpenShut waitlist.
Get notified as access opens for SBA lenders and closing teams.