Grow your construction business with material financing

There are a few important questions you need to answer to find out if material financing is right for your construction business. 

First, are you trying to grow your business from where it is today?  Growth is challenging in the construction industry due to the inconsistent nature of payments. But one way to counter those inconsistencies is by leveraging material financing. Billd pays your supplier upfront and then extends you 120-day terms, so you can stop moving money from one project to another. By entering into a "Pay When Paid" situation, you can now bid on new projects and successfully start larger ones without putting a strain on your cash flow.

Second, are you innovative and always looking to find new competitive advantages? The competitive advantage of having stronger cash flow than your competitors allows you to invest in other areas of the business, such as marketing, a larger crew, and sales makers. By unlocking the ability to pay for materials AFTER you've been paid for work opens up opportunities your competitors don't have, but you will.

Lastly, do slow payments from GC's or outstanding material invoices add stress to your life? Bottom line, better cash flow leads to less stress. Material financing flips construction payment cycles upside down for subcontractors, allowing you free up precious cash flow and run your business on YOUR terms. 

There are a number of benefits of using material financing over bank loans.  Below are just a few:  

1) Enjoy higher credit limits. Bank loans cut you off at your limit. With material financing, we fund to your project, so if you need a higher limit to accommodate a larger project with higher costs, we can do it.  

2) Work with a construction expert.  With material financing, you work with construction experts who understand construction payment cycles and empathize with slow payments and the many challenges contractors face.

3) Fast, Same-Day funding. We understand the need for speed and that you need material now.  That's why we can fund material purchases as quickly as same-day.

4) Better Pricing.  In many cases, you can save 2-5% on material costs by leveraging material financing since we'll pay your supplier in cash.

5) No blanket lien on your business. We don't lien your business and we don't get in the way of other financing solutions you may be using. 

For more information, check out this blog post on Project-Based Material Financing.