AI Diligence // lenders & credit # You're lending against cash flows. Do you know what's holding them up? Increasingly, the answer is a model — one the borrower may not own, may not control, and may not be able to replace. We score the AI dependency behind the cash flows, at underwriting and every quarter of the loan. Book a scoping call → See the transmission ↓ The panel — AI exposure scored across every credit, re-scored over the life of the loan. 01 // The transmission ## An AI failure is a credit event — four steps later. By the time a covenant breaches, the cause is three quarters upstream and nobody underwrote it. The dependency is scoreable at origination; the breach is only observable at the end. 02 // The four surfaces, in a credit lens ## Four surfaces. One exposure. The same weighted read the equity gets — read for durability of cash flow rather than upside. Three surfaces, resting on the financial foundation that connects them to your covenants. Operational — why it matters A model in the critical path with no fallback is an opex spike and a missed payment . Product — why it matters The cash flows you're lending against may be attributed to AI that doesn't do what it claims . Market — why it matters The moat must outlast the tenor of your loan , not the borrower's growth story. Financial — why it matters This is the surface that connects an AI failure to DSCR and covenant headroom . 03 // How you buy it ## Underwrite it once. Then watch it. At origination ### Credit Assessment The AI exposure behind the borrower's cash flows, before the paper is signed. ≈ 70 SME hours included - All eight domains, evidence-linked and attested - Continuity, durability, and contingent-risk read - Findings mapped to covenants and conditions - Credit-committee-ready readout Over the life of the loan ### Portfolio Monitoring Re-scored every quarter — so the exposure shows up before the covenant does. ≈ 15 SME hours / credit / quarter - Quarterly re-score across the book - Drift alerts as a borrower's AI position degrades - Benchmarks recalibrated as the sector moves - Early warning, not post-mortem ## Underwrite the AI, not just the EBITDA. Bring us the credit. We'll score the AI dependency behind the cash flows — at origination, and every quarter after. Book a scoping call →