Billd
About Billd
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.
```xml <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. </problem> <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. </solution> <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 </features> <target_audience> Billd primarily serves commercial subcontractors seeking flexible financing options to manage material costs and improve cash flow. </target_audience> <revenue_model> Billd generates revenue through interest and fees associated with its material financing and pay app advance services. </revenue_model> ```
What does Billd do?
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.
Where is Billd located?
Billd is based in Austin, United States.
When was Billd founded?
Billd was founded in 2018.
How much funding has Billd raised?
Billd has raised 144000000.
- Location
- Austin, United States
- Founded
- 2018
- Funding
- 144000000
- Employees
- 108 employees
- Major Investors
- ATLAS SP Partners