Billd News

Subcontractor report shows profit increase linked to accounting for working capital costs

Billd has released its 2024 National Subcontractor Market Report, revealing significant insights into the financial state of subcontractors in the commercial construction industry. The report, based on a survey of nearly 700 professionals, highlights a notable disparity between subcontractors who account for working capital costs and those who do not. According to the findings, subcontractors who consider these costs achieve an average of 11% higher profits compared to their peers.

Billd strengthens leadership team amid growing demand for construction financing solutions

Austin, Texas – Billd, a provider of commercial financing solutions for subcontractors, is strengthening its executive leadership team to support the company's rapid growth. In response to increased demand for specialized financing tools in the construction industry, Billd has appointed Paul Williams as Chief Financial Officer, Brad Cooper as Chief Customer Officer, and Allison Dancy as Chief Marketing Officer.

Billd appoints Allison Dancy as chief marketing officer

Austin, Texas – Billd has announced the appointment of Allison Dancy as its new Chief Marketing Officer. The company, known for providing commercial financing solutions to subcontractors, looks to leverage Dancy's extensive experience in marketing leadership.

Billd appoints Brad Cooper as chief customer officer

Billd, a provider of commercial financing solutions for subcontractors, has appointed Brad Cooper as the new Chief Customer Officer. This appointment aims to enhance their commitment to serving subcontractors, who are often considered an underserved segment in the industry.

Billd secures patent for innovative credit evaluation method

Billd, a company specializing in payments for commercial construction subcontractors, has received a patent for its project-based credit evaluation method. This innovation assesses credit offers by evaluating the specific project where the credit will be applied.

Billd appoints Paul Williams as chief financial officer

Billd has announced the appointment of Paul Williams as its new Chief Financial Officer. Williams will be responsible for overseeing Billd's financial management and supporting the company's growth.

Billd partners with STACK for enhanced financial solutions in construction

Billd and STACK Construction Technologies have announced a new integration that embeds Billd’s financing solutions into STACK's Estimating and Takeoff Platform. This move is designed to provide subcontractors with immediate access to working capital during the preconstruction phase. The companies aim to enable subcontractors to increase their bid volume, secure working capital, and enhance supplier relationships, ultimately facilitating business growth.

PlanHub partners with Billd for better cash flow management in construction

PlanHub and Billd have announced a strategic partnership to help subcontractors secure project financing during preconstruction. This integration aims to provide subcontractors with solutions to manage cash flow effectively, enabling them to tackle financial challenges when growing and executing their project pipelines.

Billd secures $100M debt facility to support growth in construction finance

Billd, a provider of financial solutions for commercial subcontractors, has secured a $100 million debt facility led by LL Funds LLC. This move aims to address the growing demand for Billd's Material Financing and Pay App Advance products, which tackle working capital challenges in the construction industry.

Billd appoints Burak Gunes as chief risk officer amid growth plans

Billd has announced the appointment of Burak Gunes as its new Chief Risk Officer. Gunes, a former executive at Capital One, brings with him extensive experience in risk management, credit analysis, and analytics after two decades in various leadership roles within established financial institutions.

Billd partners with ConstructConnect to boost trade contractor bid strategies

Billd has announced a partnership with ConstructConnect, aiming to enhance bid strategies for trade contractors by providing access to project financing solutions. This collaboration will allow subcontractors using ConstructConnect to secure approval on financing more easily, increasing their competitiveness and enabling them to take on additional projects.

Inflation reaches 40-year high; businesses fear possible recession

Inflation has reached a 40-year high, prompting businesses to consider the possibility of a recession. The economic climate is causing concern among various sectors as they navigate through these challenging times.

Challenges faced by subcontractors in U.S. infrastructure plan

Rebuilding America's infrastructure presents significant challenges for subcontractors, according to a recent statement. The process involves complex logistics and requires careful coordination among various stakeholders.