For Canadian commercial lending teams
Commercial loan closings, from commitment letter to signed package.
Closact turns a commitment letter into a reviewable closing agenda, due diligence, draft documents, registry searches, and a signing workflow, with a lawyer in the loop at every approval.
Why Closact
Close more deals, in less time, with fewer surprises.
Closact takes the repetitive, deadline-driven work out of secured lending so your team can focus on judgment, negotiation and client relationships instead of chasing documents.
Drafting, checklist tracking and registry work that used to take days now happens in hours, freeing lawyers for higher-value review.
Commitment letter in the morning, closing agenda, due diligence registry searches and draft documents ready before the end of the day.
Every covenant, condition precedent and registration is tracked end to end, so nothing slips between the lender, borrower and registry.
THE PRODUCT
Drop the letter, Closact reads it
The lender drops the commitment letter and names the parties. Closact extracts the legal names, loan amount, closing date, facility terms and guarantors, then builds the closing agenda, output documents and registry-search workflow in under a minute.
Documents generated for review
Every document is drafted from the letter's terms: loan agreement, security, guarantees, resolutions and certificates. Parties, dates, rates and covenants are filled in for review, so counsel negotiates instead of retyping.
Searches sent and returned
PPSA, corporate, litigation, bankruptcy and tax searches go out straight from the agenda and return with the official result. The lawyer approves or flags each inline.
One live agenda for everyone
The lender views the agenda and status. Borrower's counsel uploads documents straight into the file. Every action hits an append-only audit log, so the binder is audit-ready the moment it funds.
Trust
Security, signed off.
Closact is built to the professional standards Canadian firms already adhere to, privileged, jurisdictional, and reviewable end-to-end. We have completed a SOC 2 Type I examination. See our trust center.
Private by default
Documents are processed in isolated Canadian infrastructure. No training on client data.
Encrypted end-to-end
Documents are encrypted in transit and at rest, with strict access controls and per-matter scoping.
Audit logging
100% of document access and processing events captured, with 99% staging uptime targets.
Common questions
What Closact is, and how it works.
- What is Closact?
- Closact is commercial secured-lending closing software. It reads the commitment letter and related deal documents, turns them into structured, reviewable data, and carries that data through a closing agenda, due diligence, registry work, document drafting, and signing inside one auditable workspace.
- Who is Closact for?
- Closact is built for Canadian commercial lending teams: banks and credit unions, lender's counsel, borrower's counsel, and in-house legal and loan operations teams that run secured lending closings.
- What documents and workflows does Closact handle?
- Intake of commitment letters and supporting documents, commitment letter extraction into structured terms, a live closing agenda with conditions precedent, due diligence tracking, PPSA and corporate registry searches, drafting of loan and security documents, and a signing workflow that produces a complete closing record.
- How does human review work?
- Closact never releases work product on its own. Extracted terms, searches, and drafts are presented for review, and a qualified lawyer approves each step before a document leaves the platform. Every change is traceable back to the source it came from.
- Where is Closact based?
- Closact Inc. is headquartered in Calgary, Alberta, Canada, and builds specifically for Canadian secured lending practice, including provincial PPSA registries.
See Closact on your own documents.
Book a full walkthrough with your team and see Closact run on your own deals.