Snyder Showdown: Construction Lending Tech with Chris Doyle of Billd
Chris Doyle recently appeared on Snyder Showdown, a no-nonsense business podcast for entrepreneurs, to discuss how his company, Billd, is reshaping the construction financial landscape. Chris dove into his background, touching on his upbringing in rural Texas and his first touchpoint with construction, which came when he helped frame houses for a friend while in high school.
Tracing his career path, Chris describes what it was like to enter the commercial construction market at the start of the Recession. Joint experience in finance and construction is what ultimately led Chris to launch Billd, a firm that provides subcontractors with greater financial flexibility, and enables them to grow their businesses by taking on more, or larger projects at once. He recounts the experience of launching his business, as well as common challenges that contractors typically face as they take on new projects.
Further lifting the curtain on the Billd origin story, Chris explains how the company’s name was selected and how the domain was acquired. He also reveals more about the method Billd uses when evaluating whether contractors would be a good fit for Billd’s material financing support. Finally, he touches on timely issues, like how Covid-19 has affected his business and the construction industry at large.
“Lenders want to provide credit to those that don’t need it, and those that need it – those are the ones that normally aren’t going to get it.” – Chris Doyle