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For counterparties

Query verified financials.
DSCR, WIP, owner-dependency. Live.

Surety agents, lenders, and M&A buyers query business financials directly via scoped token. Every figure traces to its source document. No stale binders. No back-and-forth.

Live pilot: a commercial HVAC contractor (Kapolei, HI) with bonding queries running live. Operator AI LLC, Honolulu.

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Built for your deal type

Each counterparty type gets a scoped token with access to the metrics relevant to their transaction. Nothing beyond scope is visible.

Bonding

Surety underwriters

Verify working capital, net worth, and WIP without a document binder. Owner-dependency and backlog queryable in real time. Our first bonding pilot - a commercial HVAC contractor in Kapolei, HI - renewed its bonding line faster after switching to live query.

  • Working capital
  • Net worth
  • WIP schedule
  • Owner dependency
  • Backlog
Debt

Lenders

Pull DSCR, cash flow coverage, and collateral coverage on demand. No spreadsheet requests. No stale PDFs. Credit decisions run on current data, not last quarter's binder.

  • DSCR
  • Cash flow coverage
  • Collateral coverage
  • Loan fitness score
Acquisition

M&A buyers

Verify adjusted EBITDA, revenue quality, and customer retention before making an offer. Owner-dependency scored before you negotiate. Every figure traces to source.

  • Adjusted EBITDA
  • Revenue quality
  • Customer retention
  • Owner dependency

How it works

01

Owner connects financial sources

The business owner links accounting software, bank feeds, and tax records. Operator ingests each document and builds a provenance-backed record. Working capital, DSCR, and WIP are computed from verified source data.

02

Owner issues you a scoped token

When you need to verify financials, the owner issues a counterparty token scoped to your deal type: surety, lender, or buyer. Your token gives you query access to the metrics in scope. Nothing beyond that is visible.

03

You query. Every figure cites its source.

Pull DSCR, net worth, WIP, or owner-dependency via API or web portal. Each value shows the source document, ingestion date, and provenance hash. You can verify without requesting the underlying file.

Available metrics

Each metric is queryable individually. Scope determines which set you can access.

Working capital

Current assets minus current liabilities. Source-traced to balance sheet. Updated as new statements are ingested.

Net worth

Total assets minus liabilities. Provenance-chained from audited or reviewed statements. Timestamped.

DSCR

Debt service coverage ratio. EBITDA over total annual debt service. Computed live from verified income and loan data.

WIP schedule

Work-in-progress for contractors. Over/underbilled positions, contract values, and completion dates. Sourced from project records.

Owner dependency

Revenue and relationship concentration in the principal owner. Key-person risk signal for bonding and acquisition decisions.

Collateral coverage

Collateral value over total debt. Updated from verified appraisals, book values, or NOI cap-rate estimates.

Revenue quality

Recurring revenue as a fraction of total revenue. Identifies contract concentration and customer dependency.

Retention rate

Period-over-period revenue retention. Sourced from accounting records. Flags customer churn risk before a deal closes.

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