Billd provides material financing solutions for subcontractors by purchasing construction materials upfront and allowing repayment on a pay-when-paid basis with terms of up to 120 days. This approach addresses cash flow challenges in the construction industry, enabling subcontractors to manage upfront costs and improve their purchasing power with suppliers.
Funding
$144M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ASFounders
Product
Problem
Subcontractors in the construction industry often face cash flow challenges due to delayed payments and the need to cover upfront material costs. This can limit their ability to bid on larger projects, negotiate favorable terms with suppliers, and maintain financial stability.
Solution
Billd provides material financing solutions designed specifically for subcontractors, enabling them to purchase materials upfront and repay the financing on a pay-when-paid basis, with terms extending up to 120 days. This approach alleviates cash flow constraints, empowering subcontractors to manage upfront expenses effectively and enhance their purchasing power with suppliers. Billd offers project-based lines of credit tailored to the unique needs of construction businesses, safeguarding existing credit lines and expanding bonding capacity. Subcontractors can also access funds to meet immediate business needs and enjoy predictable accounts receivable.
Target Audience
Billd primarily serves commercial subcontractors seeking flexible financing options to manage material costs and improve cash flow.
Features
- Material financing with up to 120-day repayment terms, aligned with project payment cycles
- Pay App Advance product to unlock earned money and get paid on submitted pay applications
- Project-based lines of credit designed for the construction industry
- Streamlined accounts receivable for improved stability and predictability
- Integration with STACK Construction Technologies' Takeoff and Estimating platform for seamless access to working capital during preconstruction
- Online portal for easy management and tracking of financing