American Express partners with Billd for extended contractor payment terms

American Express has announced a new collaboration with Billd, a construction finance company. This partnership aims to provide contractors with extended payment terms for materials purchases. The initiative is designed to help contractors manage cash flow more effectively by offering flexible financing options.

"Contractors often face challenges when it comes to cash flow, especially when they need to purchase materials upfront," said an American Express spokesperson. "Our collaboration with Billd will provide them with the financial flexibility they need."

Billd offers solutions tailored for the construction industry, focusing on extending payment terms that align with project timelines. This allows contractors to take on more projects without the immediate burden of material costs.

"We're excited to work with American Express and bring our financial solutions to more contractors," stated a representative from Billd. "This partnership will enable us to reach a broader audience and support their growth in the industry."

The collaboration between American Express and Billd represents a significant step in addressing common financial hurdles faced by contractors. By providing extended payment terms, both companies aim to facilitate smoother operations within the construction sector.