BUILD MORE WITH BILLD

The platform helping contractors and suppliers get the job done

- Damien Martin

Everybody likes getting paid. Not only will it make you work harder, in a capital-intensive industry like construction, it makes the next job possible. Contractors need money for building materials to do a job, and suppliers aren’t too keen on parting with those materials without being paid for them. An infusion of capital can grease the skids and get jobs done in a timely fashion. That’s where Billd comes in. Construction is a different animal, and unlike traditional banks, Billd’s founders understand the pain points contractors have and the root causes. As president and CEO Chris Doyle puts it, it’s “not because contractors are not profitable businesses or that they’re irresponsible with their cashflow. It’s that they’re put in a pretty tough spot. They’re the last in line to get paid in a very unpredictable payment cycle.”

‘Tetris Game’

Billd’s mission, then, is to put contractors in control of their cash flow. After a quick online enrollment, Billd offers contractors 120-day terms with any material supplier. They’re not just eliminating headaches for contractors. Having worked in construction since his teen years, Doyle knows what an awkward position suppliers can be in when asking for payment from contractors they know haven’t been paid themselves. “That’s the position this dysfunctional supply chain finance has created,” he said. Solving this “Tetris game” with an injection of capital is Billd’s value proposition. And it’s pretty damn valuable.