Billd Success Stories: How Maxx Builders Used Billd to Dominate In New Markets
Table of Contents
By the Numbers
4 Future Projects Awarded Because of Billd | $7 Million Project Value
When 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.”
About Maxx Builders: Maxx Builders is a top commercial contractor serving nearly every major metropolitan region in Texas. Their services span construction management to design-build projects, with a sprawling portfolio of hospitality, retail, franchise and medical projects. Maxx operates primarily out of Houston, is an Inc. 5000 company, and their founder has been awarded the distinction of Entrepreneur of the Year.
About Billd: At Billd, we provide a payment solution that enables commercial construction contractors to free up cash for material purchases while enjoying the flexibility of 120-day payment terms. You get financing for commercial materials upfront with the freedom to pay it back at your own pace. Learn more about how Billd can help eliminate your company’s cash-flow problems so you can win more bids and grow your business.
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.