An industrial robot arm in a workcell, cold grey light
Robots In underwriting

A robot fleet is collateral. Most lenders have never seen one.

Industrial arms, cobots and autonomous mobile robots appraised per unit, monitored from the controller log, and placed with lenders who will lend on automation. Pre-qualification accepted now, with the open fields stated below.

The lender sets the advance, rate and term after the appraisal. Your report shows an indicative range. Pre-qualification takes longer while this class is in underwriting.

What qualifies as collateral

Eligible, and not. Stated before you send a serial list.

Eligible

Six axis industrial arms

From major OEMs, five years old or newer, in a fixed workcell.

Cobots and AMRs

Collaborative arms and autonomous mobile robots with a resale market.

Serials on file

Every unit with a serial, an invoice and a workcell or site position.

Fleets of ten units or more

Smaller fleets are considered, usually at a lower advance.

A controller log we can read

Speed, payload, envelope, software version, exported read only.

Not eligible

Prototypes and pre-production units

No resale book, no residual curve.

Humanoids

Not yet. There is no secondary market to appraise against.

Robots under RaaS where title is with the OEM

Unless the OEM assigns its interest to the lender.

End effectors and tooling alone

Grippers, vision and fixtures are valued with the arm, not on their own.

Units without a controller log

If the monitor cannot see it, the advance is the ordinary one.

How we appraise it

Orderly liquidation value, per unit, every quarter.

We appraise at orderly liquidation value per unit, from OEM refurbished price lists, used automation dealers and auction results for the same model, payload class and age. Controller generation matters more than year.

The residual curve for arms is drawn from a thinner book than GPUs, so we say so, and the lender floor sits further below OLV. That is why the advance for robots is lower today. As the book fills, the curve tightens and the advance moves up.

A robot arm at rest in a workcell

Per unit readout

Illustrative

Orderly liquidation value$21,400
Market, dealer ask$24,900
Lender floor$16,800

Illustrative. Six axis arm, 20 kg payload, three years old. Not a quote.

What we monitor

What we monitor, and why it raises your advance.

The controller already logs what a lender needs to know. We read it, monthly, and turn it into covenants the lender can trust. A fleet that is running inside its envelope at its registered site is worth more to a lender than one they have to take on faith.

Speed and cycle count

Wear and utilisation per arm.

Workcell envelope

The unit is operating where it was installed.

Payload

Running inside rated load. Overload shortens residual life.

Release location

For AMRs and pick cells, where the unit works and parks.

Software version

Controller firmware matches the schedule.

Fault codes and uptime

Early sign of a unit that will need a rebuild.

What a breach does

A unit leaves its registered site, runs over rated payload for a sustained period, or goes quiet. You and the lender get the same notice, the same day. Then a cure period: move it back, bring it inside the envelope, or substitute an eligible unit. If it is not cured, the borrowing base is recomputed on the remaining units. It is designed to end in a partial paydown, not a default.

The closing docket

Every document, one room, versioned.

The first six documents are the GPU set. The robot specific items are being written. The data room is coming.

Borrowing base certificate

Eligible units, OLV, advance, facility. Recomputed every quarter.

Compliance certificate

Covenant status from the controller log, signed by you each month.

Insurance certificate request

Sent to your broker. Lender named as loss payee.

Serial list

Model, serial, controller, workcell, site, invoice date.

ACORD 25

Certificate of liability insurance, returned by your broker.

Lien search

UCC search in your state of organisation before filing.

Controller log consent

Your written consent for the read only export, class specific.

Workcell site schedule

Where each unit is installed, with the landlord waiver where it applies.

OEM warranty assignment

Where the OEM warranty can be assigned to the lender.

Sample appraisal summary

Appraisal summary

Illustrative
Collateral40 six axis arms, 4 sites
Appraised OLV$856,000
ConditionSerials on file, controller log readable
Lien searchUCC search in your state of organisation
MonitoringEnvelope, site, payload, revaluation every quarter

Illustrative. No robot loan has closed yet. The lender sets the advance, rate, term and fees.

Intelligence for this class

The risk profile a lender reads first.

The robotics risk profile is in preparation at Safewaterline Intelligence: resale values by model and payload class, a residual curve for arms and AMRs, and lien activity. It is published before the first robot loan closes, because the profile is what brings the lender.

In underwriting

What is still open for this class.

Eligibility rules and the monitoring source are set. The robot monitor demo runs. Four of the six fields a class needs before it goes live are still open. A class goes live when all six are filled: eligibility, residual curve, monitoring source, docket set, risk profile, and a lender in the network. Until then, pre-qualification runs at the longer turnaround.

Residual curve

Drawn from OEM refurb lists and dealer sales.

Docket set

Six GPU documents plus three robot specific items, being written.

Risk profile

In preparation at Intelligence.

Lender in network

Being arranged.

Questions
Our robots are deployed at customer sites, not ours.

That is the usual case for robotics startups. Each site is registered, the customer signs an access letter, and the monitor reads release location so the lender knows where every unit is.

We sell robots as a service. Can we borrow against the fleet?

Yes, if you hold title. The RaaS contracts are the cash flow and the robots are the collateral. If the OEM holds title under a lease, we need its assignment.

What does the monitor see?

Speed, envelope, payload, release location, software version, fault codes. Not your customers, not the parts being handled, not video. You and the lender see it. Nobody else.

Why is the advance lower than GPUs?

The resale book is thinner. Fewer closed trades means a wider gap between OLV and the lender floor. The gap is the lender's cushion, so the advance is lower. It rises as the book fills.

How long does pre-qualification take while you are in underwriting?

Longer than for GPUs, because the class is still in underwriting. You get the appraisal report and an indicative range. The open fields on this page say what is still being built.

Robots

Send the serial list. The appraisal report is yours either way.

Pre-qualification takes longer while this class is in underwriting. Nothing is owed until a loan closes.