In this episode, Jesse discusses “financing 101” in commercial construction. This includes everything from conventional banking to using credit cards. He clearly outlines how Billd has shaped its service to meet the needs of many subcontractors who face the difficulty of financing new work. He describes how the cost of borrowing can be offset by taking advantage of quick-pay discounts and favorable pricing that is often provided by the suppliers as their risk goes way down. He discusses how you can grow the business without going deeper into the bank. The structure considers the optics as well, preserving the “brand” of the borrowing contractor.
I am involved with “growing businesses” and cash flow is often the biggest hurdle. I was impressed to the point of me asking “where were you 15 years ago”? I am convinced that Billd has a place in the plans of contractors of all sizes and shapes. Once you learn more, you can determine how Billd can work for you.
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