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The Art of Construction: Supply Chain Financing for Contractors

Published: October 29, 2020
Last updated: April 19, 2022
Read time: < 1

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

About Billd: Billd stands alone as a partner that truly champions the subcontractor. Founders Christopher Doyle and Jesse Weissburg, industry veterans in both construction and finance, witnessed the detrimental impact to subcontractors of the longstanding broken payment cycle in construction. Their time in the trades inspired them to launch Billd in 2018, bringing the financial power of Wall Street to the construction job site. Billd's financial and payment products empower subcontractors to bypass project hurdles by providing access to upfront funds to cover their most pressing costs, including materials and labor. Unlike traditional financing outlets, Billd provides flexible lines of credit to accommodate the unpredictability of cash flow in construction, and extends their customers up to 120-day terms to align with industry payment standards. Billd knows traditional credit metrics are poor predictors for risk and has built a variety of industry-specific, proprietary analytic and financing tools to allow subcontractors to stabilize cash flow and more effectively grow their businesses.

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