RDP Electric, a prominent electrical contractor in Alpharetta, GA, battled a variety of financial challenges that hindered their growth potential. Faced with payment cycles that reached as long as 90 days, they looked to factoring companies and even relied on personal collateral to cover operational costs while waiting for payment. After partnering with Billd in 2020, they found that material financing and Pay App Advance rapidly alleviated their financial strain, allowing RDP to purchase materials easily, forge stronger GC relationships, and secure larger projects without the burden of financial instability.
F&G Carpentry, a framing subcontractor based in Ellenwood, GA, experienced significant cash flow issues due to slow pay, joint check requirements, and working capital limitations. By partnering with Billd, F&G gained access to flexible financing solutions that allowed them to stabilize their cash flow, encouraging them to go after more ambitious projects.
StruktureOne Group faced substantial lead times that required them to float the cost of materials long before a project started. They also dealt with inflexible supplier terms and credit limits, as well as volatile material prices. This made it difficult to manage and project cash flow. Billd worked with StruktureOne to create a custom financing solution that provided longer payment terms, made project lead times easier to manage, and allowed them to take on bigger projects with their best customers.
Plumb-Tech struggled with business growth due to insufficient supplier terms and maxed-out credit lines. By partnering with Billd, they were able to strengthen their supplier relationships, comfortably take on larger projects, and double their revenue.
CitiGreen, a solar contractor specializing in commercial projects, was facing funding issues due to the need for large material purchases, which their lines of credit couldn't always support. By using Billd’s integrated payment solution, they were able to bypass vendor credit checks and keep multiple projects on schedule, resolving their previous funding challenges.
Every job you win, you should build. It’s that simple.
