They are always required to put a deposit down, sometimes up to 50%.
They’ve been forced to rely on their own cash reserves or bank financing to pay for their custom materials, many times up to a million dollars.
Managing cash flow has been a challenge, which has left their new business bandwidth limited.
With Billd, they’ve been able to cover their project costs without having to come out of pocket or use bank financing.
Since Billd pays for materials upfront, it has allowed them to leverage significant discounts from suppliers, saving them a lot of money in the long-run.
Their working capital (between $250,000 and $1,500,000) that had been tied up financing their own projects was freed up and used to grow their business.
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