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The Top Podcast: Nathan Latka and Chris Doyle, CEO of Billd

Published: January 02, 2021
Last updated: November 04, 2022
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Summary

As a guest on Nathan Latka’s podcast, The Top, Billd CEO Chris Doyle discusses the business side of Billd’s innovative financing solution for contractors. This episode really pulls the curtain back on what makes Billd “tick” and provides an immersive view into how we are able to provide such great value to our customers.

As a construction industry veteran, Chris knows first hand the troubles that plague contractors – especially cash flow and the unpredictability of construction payment cycles. As you’ll learn by listening to this episode, Chris founded Billd to combat these issues, even going so far as to put cash back into contractors’ hands that most other companies would skim off the top and keep for themselves.

And we mean this literally. Our team reviews contracts from material suppliers that many contractors simply don’t have the time to give full attention to. Between cash discounts listed in small print, misattributed shipping costs, and much more, Billd is able to reduce the actual cost of materials on many of our customers’ purchases.

“We’ve saved ridiculous amounts of money on what the customer really had no clue about. Because they’re moving around fast, they’re driving jobsite to jobsite – they’re not going through looking at contracts and marking them up. We decided to pass all of this value along to the customer.” 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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