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Construction Genius Podcast: Eric Anderton and Jesse Weissburg, CCO of Billd

Published: December 29, 2020
Last updated: November 04, 2022
Read time: < 1



Jesse Weissburg, Billd’s CCO, joined Eric Anderton on Eric’s Construction Genius podcast to discuss how contractors can leverage financing to grow their businesses. The discussion focused largely on how contractors can improve their cash flow and, as a result, grow their businesses.

Listeners should be prepared to learn a lot about financing in the construction industry, including: why financing incorrectly has a negative stigma in construction; when contractors should leverage financing even when they can pay in cash; how GCs benefit when subcontractors utilize financing; and much more. Perhaps the most important takeaway from the discussion is that contractors need to have a complete understanding of their financing options if they hope to maximize their benefit from them.

This is especially important because, as Jesse puts it, the financing options that have been available to contractors simply weren’t ever designed for them:

“There’s friction related to financing and subs and GCs because they’re forced to use financial products that aren’t designed for them. And that’s really how we’ve created our product: to support the construction payment cycle.” Jesse Weissburg

About Billd: Billd stands alone as a partner that truly champions the subcontractor. Founders Christopher Doyle and Jesse Weissburg, industry veterans in both construction and finance, witnessed the detrimental impact to subcontractors of the longstanding broken payment cycle in construction. Their time in the trades inspired them to launch Billd in 2018, bringing the financial power of Wall Street to the construction job site. Billd's financial and payment products empower subcontractors to bypass project hurdles by providing access to upfront funds to cover their most pressing costs, including materials and labor. Unlike traditional financing outlets, Billd provides flexible lines of credit to accommodate the unpredictability of cash flow in construction, and extends their customers up to 120-day terms to align with industry payment standards. Billd knows traditional credit metrics are poor predictors for risk and has built a variety of industry-specific, proprietary analytic and financing tools to allow subcontractors to stabilize cash flow and more effectively grow their businesses.

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