What is credit-backed project capital?
Learn how a durable payment obligation may support capital against the counterparty and contract, rather than only the sponsor.
Read the guideCapital Library
Plain-English guides for developers, owners, Treasury teams, and operating leaders deciding how a project, contract, asset base, or CapEx program should be financed.
Start with the decision
A lease, private placement, equipment financing, sale-leaseback, direct loan, or project financing is not automatically better because it has a familiar label. The fit depends on the payment obligation, legal obligor, asset, useful life, contract term, collateral, timing, and business objective.
These guides explain the questions that narrow the field. They are educational, not a financing commitment or a substitute for legal, tax, accounting, securities, or provider diligence.
Explore the guides
Learn how a durable payment obligation may support capital against the counterparty and contract, rather than only the sponsor.
Read the guideUnderstand what credit can carry, what remains sponsor risk, and which contract terms matter most.
Review the project testReview backward-looking recapture and forward financing for equipment, improvements, technology, and facilities.
Review the asset testCompare long-duration capital routes without treating CTL, private placements, or direct lending as interchangeable.
Compare the routesSee why term, payment durability, termination rights, assignment, remedies, and credit support change the answer.
Review the contract questionsUnderstand the inputs, outputs, and decisions a focused review is designed to support.
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