Construction Material Financing:
A payment solution—designed for construction
Billd is focused on re-engineering supply chain finance in the construction industry. Billd offers short-term financing through Suppliers to help Contractors bridge the gap between purchasing materials and getting paid by the General Contractor.
In construction, cash flow is hard to predict. Paying with Billd allows suppliers to get paid
upfront while giving contractors the flexibility to pay for materials over time.
upfront while giving contractors the flexibility to pay for materials over time.
Construction Material Financing:
- Discover the new payment solution designed specifically for construction purchases
- Contractors: Get materials upfront, pay later with Billd
- Suppliers: Billd pays suppliers for materials upfront (with no recourse) & provides contractors with flexible 120-day terms
- Service/Product Pricing:
Contractors have a 2.0% Purchase Fee if they don’t make a Purchase through a Billd Partner Supplier; this is waived if the purchase is made through a Billd Partner Supplier. If the fee is applicable, it is then wrapped into the Purchase amount. Their weekly finance payments are approximately $50 per $10,000 borrowed (depends on contractor’s credit).
Partner Suppliers have the option to provide a 30 or 60-day interest/payment free period to contractors. There is a 3% Supplier Discount per transaction regardless of the payment free period. Billd pays the Supplier the material purchase amount less the Supplier Discount.
