Billd and STACK Construction Technologies have announced an integration aimed at assisting subcontractors in the construction industry to secure working capital and increase bid volume.
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, 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 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 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 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.
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.