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.
“We’ll make sure that you have plenty of runway. We’re set up totally different than a supplier; we use any supplier. We just become that credit extension through the contractor,” Doyle said.
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