Billd has announced a partnership with Atlas SP Partners, securing a $144 million financing facility. The Austin-based company provides financial solutions for commercial subcontractors. This new collaboration marks an important step in addressing supply chain finance within the construction industry.

Chris Doyle, CEO of Billd, emphasized the significance of this development: "Our partnership with ATLAS marks a significant milestone solving for supply chain finance in construction." He noted that this is the first time institutional capital has been used to address working capital issues in commercial construction.

The financing facility aims to enhance Billd's capacity to support subcontractors nationwide and is structured with future securitization in mind. This positions Billd to meet growing demand for flexible financial solutions tailored specifically for the construction sector.

Doyle further stated, “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 focuses on offering flexible financing options that empower subcontractors by aligning with payment terms typical in construction projects. These options help mitigate risks associated with upfront material costs and extended payment cycles.

Atlas SP Partners operates as a global investment firm providing various financial services including stable capital and advisory products. Their expertise spans across asset management, aiming to deliver bespoke structured credit and asset-backed solutions.