Billd Success Stories: How Maxx Builders Used Billd to Dominate In New Markets

Published: May 26, 2021
Last updated: September 09, 2021
Read time: 2 minutes

By the Numbers

4 Future Projects Awarded Because of Billd  | $7 Million Project Value 

 

Maxx BuildersWhen a contractor ventures out into new markets, they’ll need new vendors… 

When Houston-based Maxx Builders landed a project in the Austin market, they were in this exact position. As a company that often relied on net terms to buy materials from existing supplier relationships, finding local vendors was top priority. But good terms require credibility with your supplier, and the fact of the matter is, that takes time. Time, unfortunately, they didn’t have.

With a project in Austin already awarded, Maxx had two options: 

Acquire contractor financing through a bank OR self-fund their materials 

Why Cash Flow Dependence Isn’t Sustainable, Even for Established Contractors

Maxx was in the habit of self-funding project materials, at least when they didn’t have access to 30-day terms. They self-funded for the majority of projects they took on.

There’s a common misconception that “large” construction companies, no matter the trade, can confidently and consistently dip into their cash reserves to buy materials. This isn’t always true. Maxx Builders is a great example of an established company who had the resources to fund their materials with cash, but swiftly found it wasn’t a savvy long-term strategy. 

That’s when they found Billd. 

After coming across ads for Billd on LinkedIn, Instagram and Facebook, they decided to investigate the attractive alternative Billd offered: project-based material financing. 

They were drawn to Billd as a solution for long, flexible payment terms, which they could qualify for immediately, instead of waiting to build those key relationships with suppliers. In this instance, they couldn’t justify financing through a bank.

For that exact reason, when contractors enter new markets with no existing vendor relationships, Billd isn’t just a useful tool – it amounts to a financial strategy that’ll help them better navigate the market.

By the Numbers

  • 4 Future Projects Awarded Because of Billd
  • $7 Million Project Value

The Billd Customer Experience – In Their Own Words

“It’s been excellent, we’re very very satisfied with our account rep. The customer service is top of the line. And one of the biggest things we love is Billd’s integration with Procore. It aligns our financial data when using Billd on projects. We absolutely recommend them.”

Their advice for contractors considering Billd? 

Maxx empathizes with other contractors’ “fear of scams” and overall resistance to alternative forms of financing in this industry. They hope their experience with Billd helps refute that perception. They explain that when you’re growing into new markets, location-wise or taking on new types of projects, Billd is simply an excellent resource to have.

It comes down to a simple truth:

“There’s always delayed pay apps in the construction industry. If you can pay the vendor earlier, you absolutely should.”

 

BECOME OUR NEXT SUCCESS STORY

Russ Briscoe Headshot

Russell Briscoe Director of Contractor Partnerships, Billd

Russell Briscoe has consistently helped contractors improve their cash flow with Billd for over two years. He serves as a sounding board on how to take on larger, more complex commercial projects. With Briscoe’s guidance, thousands of contractors have successfully tackled inconsistent construction payment cycles. Briscoe previously managed sales teams within different SaaS and technology businesses, where his teams regularly hit or exceeded revenue and churn targets. His impressive career history includes stays at Dell, Globekick and Meltwater Group. Briscoe holds an MBA from UT McCombs School of Business, and graduated cum laude from Georgetown University.