Billd

“Billd is excited to partner with American Express on this collaborative effort to help eligible commercial contractors obtain material financing. Together, we can offer a financial solution that allows merchants to receive quick payments while providing commercial contractors with a working capital option that helps mitigate the unpredictable payment timelines in the construction industry.” - Christopher Doyle, CEO of Billd

When José Romero started F&G Carpentry, he had big ambitions. But challenges like joint check requirements and limited working capital created constant hurdles. Slow pay was also a major issue for F&G, as they often waited 60 to 80 days to receive payment after submitting their pay apps. However, they couldn't afford to delay payments for their employees—no matter how long they had to wait to get paid. “You have to keep your workforce happy. That’s what keeps the company moving." Prior to partnering with Billd, F&G occasionally had to rely on expensive private lenders or limited bank lines of credit to cover labor and material costs. Romero found himself routinely worried about his cash flow rather than focused on growth. Using Billd's material financing allowed F&G Carpentry to purchase materials without the burden of a joint check. Billd provided a solution that allowed F&G to better align their material purchases with project payment cycles. F&G was also able to use Pay App Advance to get paid for work as soon as it was completed, allowing Romero to consistently pay his workforce on time without relying on cash reserves or limited working capital options. By working with Billd, F&G shifted focus from surviving to thriving. They're now: ✅ Confidently bidding on larger projects ✅ Expanding from labor-only jobs to full turnkey carpentry solutions ✅ Strengthening supplier relationships with seamless payments Now, Romero's eyes are set on a bold $100M revenue goal—and his business is on the path to get there. To learn more about how Billd is empowering F&G to achieve their goals, visit the link in the comments.

If you’re looking to grow your subcontracting business in 2025, it can be tempting to set a 20% or 30% goal and immediately start bidding on the projects required to make it happen. But in Clay Young, CEP's experience as a subcontracting chief estimator, then managing partner, then owner, anything less than a rigorous, long-term forecasting process puts your business at risk. The most successful subcontractors build their goals on a series of key factors: 💪 Labor 🏙️ Markets 🏗️ Target GCs 💰 Cash flow When you establish goals based on these factors, you can set your business up for success in 2025 and beyond—and grow without scrambling for cash and crews. To learn more about how to strategically establish revenue targets, check out the link in the comments section.

From the entire Billd team, including our four-legged friends, wishing you happy holidays and a very prosperous New Year.

Your cash is king. 👑 It serves as your safety net and can be your most valuable working capital option. It also has one huge detriment—it's finite. Another problem? Using it as your primary source of working capital can put your business in danger. By spending your most flexible capital option (cash) first, your business may run into problems when you're left only with your least-flexible options, such as supplier terms, to cover expenses when cash flow is strained. This is why it's important to not only have multiple forms of working capital available, but also enough capacity across all of your working capital options—including your cash—to survive the lean times. By proactively securing multiple forms of working capital, you will not only have the capacity you need to cover your expenses and be prepare for the unexpected, you'll also be able to protect your cash for when you need it. Learn more about the benefits to getting proactive with your working capital—and how to do it—by visiting the link in the comments section.

Working with American Express further delivers on our goal of providing purpose-built, industry-specific solutions that allow contractors the financial freedom to focus on doing the best work of their lives. Billd is on a mission to change the $1.5 trillion industry status quo by creating solutions that ease the financial burden for contractors. https://lnkd.in/gacYRJfv

Slow payments. Joint check hurdles. Cash flow struggles. José Romero, founder of F&G Carpentry, faced it all. His team couldn’t afford delays—he had to meet payroll, purchase materials, and keep his projects moving forward. Instead of letting these challenges stall growth, Romero partnered with Billd to find a way to stabilize his cash flow. Since they began using material financing and Pay App Advance, F&G Carpentry has: ✅ Started delivering full turnkey carpentry solutions ✅ Strengthened their supplier relationships ✅ Established and retained a workforce committed to the company's success Romero feels so confident in F&G's ability to scale thanks to Billd that they've set their sights on a $100M revenue goal—and are on their way to achieving it. Learn more about F&G's succuess by heading to the link in the comments section.

“Our partnership with ATLAS SP Partners marks a significant milestone solving for supply chain finance in construction,” said Christopher Doyle, CEO of Billd. “This represents the first institutional capital ever deployed to solve the working capital problem in commercial construction. Having access to more efficient working capital solutions empowers subcontractors to do the best work of their lives, and Billd is proud to continue paving the way with new financial solutions designed for subcontractors.” 

Billd's partnership with ATLAS SP Partners is a historic milestone, marking the first and only time institutional capital has ever been deployed to solve the working capital challenges that Commercial Subcontractors face every single day. ✅ We took risks when others wouldn’t. ✅ We innovated when others held back. ✅ We stayed committed to Subcontractors when others would not. This achievement is a testament to the vision, relentlessness, and commitment of our team to build financial solutions that empower Subcontractors to do the best work of their lives. This partnership accelerates Billd's mission to drive innovation, lead the industry, and make a transformative impact on construction for decades to come. Others will build on what we have built, all for the benefit of efficient working capital for Subcontractors that build our country 🏗️ 🦺 🇺🇸. 🙏 A special thank you to the amazing deal team, Jack McSwain, CFA, Kevin Quinn, Rudi Minxha, Matt Brinker, Paul Williams, Jennifer Collings, Jon Placa, Marc Skapof, Elizabeth Glowacki, Stephen Pasta, Aryn Walker, and Stephen Ratliff. https://lnkd.in/gVkyS7BX

In construction, success isn’t just about landing the next big project—it’s about ensuring you have the working capital to execute it. Here’s the reality: ✅ Having a strong working capital strategy allows you to: -Take on larger, more profitable projects -Invest in opportunities that allow your business—and profits—to grow -Handle unexpected challenges with confidence ⛔ But managing your working capital poorly can leave you: -Scrambling to pay bills or meet payroll -Falling behind on critical material purchases -Over promising and under delivering on projects The key to striking a successful balance? Being proactive. When you take steps to acquire capital before you need it, you can: 1️⃣ Take advantage of opportunities that come your way 2️⃣ Protect your cash 3️⃣ Negotiate better terms with lenders 4️⃣ Build financial resilience to weather the lean times Proactive working capital management isn’t just about solving today’s challenges. It’s about setting yourself up for long-term success by developing an action plan now that will pay off in the future. To learn more about proactively acquiring working capital, check out the link in the comments section.