The Art of Construction: Supply Chain Financing for Contractors
Summary: Billd CEO Chris Doyle joined Devon Tilly on The Art of Construction podcast to discuss one of the most pressing pain points for subcontractors today: poor cash flow between projects. Join Chris and Devon as they dive into the financial gaps that plague the construction supply chain, and how Billd is setting out to fix this problem.
In this podcast, you’ll learn more about project-based financing, Billd’s proprietary financing solution for contractors. PBF has all but reinvented the relationship between subs and suppliers, making it easier for suppliers to sell more materials with zero risk. Subs, on the other hand, get the materials they need for the project at the most competitive rates. Unlike banks, project-based financing partners evaluate the merit of your project more than your credit score, and bring a greater understanding of the construction industry to the table. They’ll pay your supplier upfront, and give you 120 days to pay off your materials.
As Chris and Devon discuss, reliable and flexible financing is critical to growing your business. If you’re looking for an interesting, conversational introduction to project-based financing a.k.a. the cure to your cash flow struggles, then you’re in the right place.
“If you submit a purchase request for us, it’s getting funded that day. If someone comes in this morning and says I need funds by this afternoon, we’re sending out the funds that day. Banks can’t touch that.” – Chris Doyle