Tell us what your staffing agency 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 403-827-1014Staffing agencies pay workers weekly while clients pay in 30 to 60 days, so payroll runs far ahead of revenue.
Growth makes the gap bigger because every new placement adds payroll before it adds cash.
Payroll taxes and source deductions must be remitted on time regardless of when clients pay.
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 agency places 40 temporary workers for a client that pays in 45 days, while it pays workers every week. The owner explores working capital options to fund payroll. A lender reviews receivables aging, payroll records 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.
Agencies pay workers every week or two, while clients pay in 30 to 60 days. Every new placement widens that gap, so growth itself consumes cash.
Statutory deductions and employer contributions must be remitted on time. Lenders almost always check that payroll remittances to the CRA are current.
Revenue includes the wages you pay out, so your real income is the mark-up. Show gross billings, gross margin and margin by client.
If one client accounts for much of your volume, a lender is assessing that client. Show the split between temporary placements and permanent placement fees.
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.
Often there are options. Lenders look at receivables, client quality and CRA payroll status. Each file is reviewed case by case.
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.
Also see our general business financing page, the document checklist and the advance cost calculator.
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