Tell us what your oilfield services company 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 403-827-1014Operators and prime contractors often pay 60 to 90 days after invoicing, while crews, fuel and rentals are paid sooner.
Activity can change quickly with commodity prices and drilling programs.
Safety certifications, insurance and equipment add heavy fixed costs.
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 service company in northern Alberta waits about 75 days to be paid by a prime contractor while payroll and fuel run weekly. The owner asks about working capital options and the lender reviews receivables aging and 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.
Demand follows what producers spend, which moves with commodity prices. Lenders will want to see how your revenue held up in slower periods and how you manage costs when work drops.
Customers often approve field tickets before you can invoice and then pay on terms of 45 to 90 days. That delay, set against weekly crew payroll, is the main working capital pressure.
A small number of operators may make up most of your revenue. Safety certifications such as Alberta’s Certificate of Recognition and contractor safety programs are often required to work for them.
Specialised trucks and field equipment are a large investment, and crew rotation and camp costs add to the load. Lenders ask for an equipment list and a view of utilisation.
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.
Many do. Receivables aging and customer concentration are usually reviewed carefully.
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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