Tell us what your general contractor needs. We review your situation, explain in plain terms which options may fit and what each costs in total, and introduce you to independent lenders. There is no obligation, and Xito is not a lender.
Request a financing review Call 403-827-1014Contractors pay subcontractors, suppliers and crews before the owner pays the draw, and holdbacks tie up cash for months after completion.
Starting a new job means buying materials and mobilizing before the first progress payment.
One slow-paying client can strain several projects at once.
Each lender sets its own requirements. Typical working capital programs also look for at least 6 months in business, regular deposits into a Canadian business bank account and roughly $10,000 or more in monthly revenue.
A hypothetical contractor wins a $900,000 build where progress payments arrive 45 days after invoicing and 10 percent is held back. It asks about working capital to carry payroll and materials. The lender looks at the contract, the history of draws and recent bank statements.
This is a hypothetical illustration, not a client story or a promise of results. Approval, amounts, terms and timing are decided by each lender and depend on your own numbers.
Fill in the short form below, pick your funding range to see what to have ready, and send your documents through our secure upload link. You can upload right away.
We call Monday to Friday during business hours to understand what you need and how fast.
We bring back your options with the total cost of each. Nothing proceeds without your approval.
Please put your business name in each file name. Send documents only through our secure upload link. The full list is on our document checklist.
No obligation. We call you back within 2 hours during business hours.
Xito is not a lender. We introduce businesses to independent lenders and funding providers.
We review your numbers, explain your options and introduce you to lenders whose programs fit. The lender, not Xito, makes the credit decision and sets the terms.
Xito Capital Partners is a Calgary-based advisory firm led by Andrew Apedoe, with a background in valuation and investment banking. Many clients come to us before a sale, a refinancing or a lender review.
A general contractor is paid by the owner and pays subcontractors, and holdbacks apply in both directions. Cash can sit tied up on each project well after the work is finished, so lenders look at how long holdbacks stay outstanding.
Lenders want a schedule of every active job showing contract value, costs to date, billings to date and expected profit. Billing ahead of or behind cost is read as a sign of how the job is going.
Larger projects often require surety bonding. Your bonding capacity depends on your financial statements, so the quality of your reporting can affect which jobs you can bid.
Unapproved change orders and payment disputes delay cash. Be ready to explain how you document changes and how you handle disputed amounts.
Which option fits depends on your history, your customers and how quickly you need funds. Each lender sets its own requirements and makes its own credit decision.
Xito is not a lender. We explain which options may fit, show the total cost of each and introduce you to independent lenders.
Possibly. It depends on the lender, the contracts and your history. We explain what each option would cost in total.
No. Xito is not a lender. We review your situation and introduce you to independent lenders and funding providers. The lender makes the credit decision and sets the terms.
It varies by lender, amount and term. Short-term working capital is usually more expensive than a bank loan, so we show you the total repayment in dollars for each option before you decide.
Timing depends on the lender, how quickly you send a complete file and approval. Smaller requests can move faster than larger ones. Timing is never guaranteed.
Lenders commonly ask for recent business bank statements, owner identification and a void cheque. Larger requests may need financial statements, receivables aging and CRA balances. Each lender sets its own requirements.
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