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FinanceGPU

Financing for GPU infrastructure starts with the right lender.

We introduce neoclouds and GPU operators to banks, credit funds and asset finance providers, and help prepare the information lenders ask for.

For borrowersFor lenders

Sketch your facility

Four questions lenders ask first. Nothing is sent until you submit the inquiry form.

Your sketch

512 × H200 class, partly contracted, usd 5 to 25 m

Lenders usually size debt against signed contracts only. We can help you see what is financeable today.

Continue with this sketch

Our main track

Contract-backed financing

A signed customer contract is what lenders size GPU debt on. We help operators present the contract, the hardware and the site in the form lenders expect, and introduce lenders whose appetite fits.

How contract-backed financing works →

Financing structures

Lenders in our network finance GPU infrastructure in several ways. Which one fits depends on your contracts, hardware and size.

  • Equipment loans

    Term loans secured by the GPU systems themselves.

  • Asset-backed lending

    Revolving and term facilities against a GPU fleet and related data center assets.

  • Contract-backed financing

    Debt sized on signed compute customer contracts.

  • Leasing

    Operating and finance leases for GPU clusters.

  • Sale and leaseback

    Release capital from deployed GPUs while keeping control of operations.

  • Structured debt

    Senior, unitranche and mezzanine debt for larger or more complex projects.

How an introduction works

  1. 1

    Tell us about the facility

    A short form. Most people finish it in five minutes.

  2. 2

    We check the fit

    We compare your request with what lenders ask for, and say plainly if it is not financeable yet.

  3. 3

    We introduce you

    Only to lenders whose appetite matches, and only after you have agreed to the introduction.

  4. 4

    You deal with the lender directly

    Terms and documents are agreed between you and the lender. We do not lend and we do not hold funds.

What lenders look at

Whatever the structure, credit committees come back to the same four things.

Customer contracts
Who pays for the compute, for how long, and how strong their credit is. This usually carries the loan.
Hardware and collateral
GPU generation, age, location, how it is serviced and what it could be resold for.
The operator
Track record, data center and power arrangements, and who runs day-to-day operations.
Structure
Borrowing entity, currency, and whether repayment lines up with contract length.

For borrowers

You operate GPUs or are about to buy them, and need debt from lenders who understand the asset.

Open the borrower form

For lenders

You finance infrastructure or technology assets and want requests that already fit your criteria.

Open the lender form

For compute buyers

You need committed GPU capacity on a fixed-term contract. Your agreement is what makes an operator financeable.

Describe what you need

What lenders ask for

Having these ready shortens the first conversation. Missing items are normal at the inquiry stage, so send what you have.

  • Customer contract or letter of intent

    Customer, term, volume and price. This is what the loan is sized on.

  • Hardware quote or bill of materials

    Model, quantity, price and delivery schedule from the vendor.

  • Data center or colocation agreement

    Where the hardware will sit, with power and term.

  • Equity

    Lenders usually expect the sponsor to fund a meaningful share, often 20 to 30 percent or more.

  • Ring-fenced company

    Often a special purpose vehicle that owns the hardware and contracts, separate from the operating company.

  • Company one-pager and owners

    Track record, team and who ultimately owns the borrower. Lenders run identity checks on the owners.

What the market looks like

Indicative ranges from public sources. They vary by customer, structure and market, and are not offers from us or from any lender.

Loan against hardware value
Roughly 50 to 70 percent of liquidation value, more with strong customers and long contracts
Loan term
Typically 2 to 5 years, repaid in instalments within the customer contract term
Senior pricing
Often a few hundred basis points over the reference rate, roughly 8 to 12 percent all-in
Interest cover
Lenders commonly look for at least 1.3 to 1.5 times
Single customer
Above about a quarter of revenue is usually questioned

What to expect on timing

  1. 1

    First conversation

    Days. We read your inquiry and tell you whether and how we can help.

  2. 2

    Lender interest

    Typically a few weeks, depending on how complete the material is.

  3. 3

    Due diligence and documents

    Often around a month or more once a lender is engaged.

  4. 4

    Hardware delivery

    Frequently two to three months, and often a condition for drawing the loan.

Every credit decision is made by the lender, not by us.

Common situations

We have no signed customer yet.

Most lenders lend against contracted revenue, so this is hard. A letter of intent or a credible pipeline helps, and we can tell you what to prepare.

We are a first-time operator.

It is possible, but lenders weigh the customer contract and your partners heavily. Expect higher equity and tighter terms.

We are an investor, not an operator.

Describe the project and who will run it. Lenders look at the operator as well as the sponsor.

The hardware is already in operation.

Refinancing is a separate case. Send current contracts and utilisation figures.

Read the guide: how lenders assess GPU financing →