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Elevate the Industry- Interview With Jesse Weissburg

Read time: 4 minutes
Published: November 09, 2022
Last updated: November 21, 2022

Summary

When Billd CCO Jesse Weissburg joined Dave Procida on the Elevate The Industry podcast, the pair discussed something every subcontractor needs to know: how to grow your business without digging yourself into a financial hole.

As part of his take on “Construction Finance 101”, Jesse talks about how subs can use financing to create more leverage with suppliers, while maintaining their brand and improving their relationships with GCs at the same time. And, as something that goes without saying, relationships in construction are everything.

Our biggest takeaway is regarding material purchases: finding ways to increase purchasing power can help subs take on twice as many projects as they normally could if they were relying solely on supplier terms or with cash.

“There will be a cost associated with financing, but you’re going to make it up in your profit margin because you’ll have the ability to take on a larger number of projects.” Jesse Weissburg

About Billd: Billd stands alone as a partner that truly champions the subcontractor. Founded in 2018 by two industry veterans in both construction and finance, Billd’s construction-specific financial and payment products empower subcontractors to overcome the impacts of the longstanding broken payment cycle in construction. Billd offers access to working capital solutions to cover subcontractors’ most pressing costs, including materials and labor, providing flexible credit to accommodate the unpredictability of cash flow in construction. Billd’s patented analytic and financing methodology allows subcontractors to stabilize cash flow and more effectively grow their businesses.

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