Borrow against your GPUs, ships or robots without giving up equity or the equipment

Safewaterline is asset based lending for equipment that earns money. We appraise what you own, set an advance rate and term, file the lien and fund. The equipment keeps working while it is pledged.

Founders, CFOs and owner operators who hold GPUs, robots, tractors, heavy equipment or ships on the balance sheet and need capital without selling equity or selling the equipment.

Once a year we re run the appraisal and review the loan. If your fleet is worth more, the top up line can go up. If you added units, they can be added to the lien instead of starting over.

Yes, that is exactly what the structure is built for. A lien is a security interest, not possession. The lien names serial or hull numbers, not the company. No warrants, no board seat. The cluster stays in your rack, the combine stays in your field, the vessel keeps her charter. Cure periods are 30 days on any missed payment. What you can borrow depends on what you can document, and rates vary with the appraisal.

A cash advance prices your revenue and a broker prices nothing; both pass your file to someone else. We appraise each unit ourselves with 140+ collateral checks and lend between 42% and 68% of its orderly liquidation value.

We price it on what it earns and what it sells for: published hourly rental indexes, auction comps and OEM resale data. A two year old H100 SXM node under warranty currently appraises at about $8,230 per GPU against a market figure of $7,740.

Book value follows a tax or IT depreciation schedule, which says nothing about resale. Our figure is orderly liquidation value, what the unit would fetch in a 91 day sale to a willing buyer, and we re run it every 91 days.

Three independent sources per asset class: rental indexes, auction comps and OEM resale data for GPUs; Clarksons derived sale comps, scrap value and charter rates for ships; dealer listings, auction results and hour adjusted resale curves for iron. Our resale ledger holds 2,340+ resale comps across 11 secondary markets.

Yes. The written appraisal per unit comes with the term sheet on day 4, before you commit to anything.

Yes. Send your credit officer the comp or contract you think we missed and we re run that unit within 2 business days; if the number moves, the term sheet is reissued.

It records our security interest in the named units with the state, so a later lender or buyer can see the claim. It does not give us possession or any say in how you run the equipment.

A ship mortgage is recorded at the vessel's flag state registry rather than with a US state, and it attaches to the hull itself. Recording takes longer, which is why foreign flagged ships can take up to 24 business days to wire.

We file the termination within 5 business days of the final payment. You receive the filed release for your records and the units are unencumbered.

Yes, with written notice before the move. A node moved to a second data hall or a vessel on a new charter route does not change the terms.

Yes, with notice. The sale proceeds for that unit pay down the loan at its appraised share, or you can substitute a unit of equal or greater value.

Yes. New units are appraised, added to the lien by amendment and can raise the top up line, without starting a new loan.

Between 9.8% and 13.6% fixed for the life of the loan, set by asset class and appraisal. Recent examples: tractors and heavy equipment at 9.8%, ships at 10.6%, robots at 11.2%, GPUs at 11.4%.

None. Repay part or all of the principal on any payment date and interest stops on the amount repaid.

$250,000. There is no fixed maximum; the largest single facility to date was secured by 1,280 H100 GPUs.

From 24 to 60 months. GPU loans usually run 36 months, robot fleets 48 and ships 60, matched to the useful life of the collateral.

1.25% of principal, deducted from the funding wire. There are no broker fees, appraisal fees or exit fees.

Up to 4 business days from a complete upload to a no obligation term sheet. Up to 10 business days from a signed term sheet for our team to finish the appraisal, perfect the lien and wire funds. Ships with a foreign registry can take up to 24 business days because the mortgage is recorded at the flag state.

1. 1Tell us about the fleet: asset class, unit count, age, where it sits, what it earns.
2. 2Upload six documents: purchase invoices, serial or hull numbers, utilization logs or contracts, insurance certificate, existing lien search, and photos or telemetry export.
3. 3Get your term sheet within 4 business days, then funding within 10 business days of signature.

A term loan with a top up line. Repay early at any time with no prepayment penalty. You keep a named credit officer and unlimited messaging for the life of the loan.

Once a year for the refreshed appraisal, or whenever you add units. Telemetry for GPUs and robots is read monthly from an export you control, so there is nothing to resubmit between refreshes.

Purchase invoices, serial or hull numbers, utilization logs or contracts, an insurance certificate, an existing lien search, and photos or a telemetry export. A complete upload starts the 4 business day clock.

Eleven data points per unit, read monthly from an export you control: utilization, hours, temperature, error counts, location and the like. We never install an agent or need network access to your cluster.

You, your named credit officer and our credit committee. Nobody outside Safewaterline sees it unless you ask us to share it with your counsel or a co lender.

For the life of the loan plus 7 years, as our regulators require. After that they are deleted from our systems on a written schedule you can request.

No. Comps in our resale ledger are anonymised and aggregated; your serial numbers, contracts and telemetry are never sold or passed on.

Yes, the export is yours to stop at any time. Stopping it means the monthly collateral statement cannot be produced, which is a covenant, so tell your credit officer first and we agree an alternative such as hour meter photos.

Yes. Nodes 2 years or newer advance at 62% of orderly liquidation value; older H100 nodes are priced lower on the same ledger.

If you own the units, yes, at 52% of OLV. If the units themselves are leased, the lessor holds title and we cannot take a lien, but we can lend against units you own in the same fleet.

Yes, at up to 68% of OLV, the highest advance rate on the page because the resale market is deep and the depreciation curve is slow. Hour meters and dealer data set the number.

Yes, at 55% of OLV, with the mortgage recorded at the flag state. Our counsel is admitted in the Marshall Islands and Liberia, and recording can add up to 24 business days before the wire.

Real estate, receivables, inventory, software, vehicles under 3.5 tonnes and any equipment you do not hold title to. Consumer GPUs and drones are also out of scope for now.

Any unit with a purchase invoice and a serial or hull number, from a new build to a 2009 bulk carrier. Age moves the advance rate rather than the answer: a 2021 excavator at 4,100 hours is simply priced as such.

No. A lien is a security interest, not possession, and a late payment triggers a 30 day cure period and a call from your credit officer, not a truck. Read the full answer.

No. Like a mortgage on a building or a line on receivables, a priced loan on productive equipment is ordinary capital structure, and it costs far less than 20.4% dilution at a Series A. Read the full answer.

We revalue every 91 days, and a fall in value does not change the payment on an existing loan. It can lower the top up line at the next refresh, and we tell you in writing before anything moves.

Before, if you can. Capital from units you already own lets you raise on your schedule, and investors read the cheapest capital used first as discipline.

A named credit officer, assigned when you upload, with direct messaging for the life of the loan. Rosalind Achterberg and Dmitri Falk answer the questions on this page.

Within one business day by email or chat. Anything touching a covenant or a wire is answered the same day.

You receive a monthly collateral statement with the same 11 data points we see and an annual refresh of the appraisal. Otherwise nothing changes: the units keep working and nothing moves without written notice.

A written notice and a 30 day cure period, during which your credit officer works with you on a fix. Enforcement is rare: 5 default notices and 2 enforcements across the 148 loans closed in 2025.

Yes. Add as many named users as you need to the deal room, with read only or signing rights, at no charge.