Billd is an alternative payment solution provider that serves subcontractors in the construction industry. At the core of its mission is helping commercial subcontractors do their best work, and there are two offerings in Billd’s working capital toolkit to make it happen: Material Financing and Pay App Advance. This guide dives into everything you need to know about Billd’s Pay App Advance to decide if it is a good fit for your construction company.
Billd is a financial solutions provider that supports commercial subcontractors by addressing some of their biggest cash flow challenges. Their products are uniquely tailored to the needs of construction businesses, allowing business owners to take on more projects and achieve their goals.
What is Billd Pay App Advance?
Pay App Advance provides access project payments as soon as they’re earned. This means no more waiting around for weeks or months to get paid. Instead, you can request advances on GC approved pay applications and get paid promptly to cover the cost of labor, equipment, operating expenses, and other bills. Furthermore, getting paid sooner smooths out cash flow and creates a cushion in the event that you experience delays or complications from change orders.
How Does Billd Pay App Advance Work?
Pay App Advance is designed to provide cash relief for project expenses, as quickly as possible. The process is simple. Upload your GC approved pay application on any Billd approved project. Select a payment date and Billd will deposit up to 100% of your pay application (minus a service charge) directly into your account. You’ll make preset weekly payments and pay back in full once payment has been received from the GC, within 60-day terms.
How Can Billd Pay App Advance Help Your Construction Projects?
There are several advantages of using the Billd Pay App Advance:
Control Cash Flow
This tool eliminates the need to stress over receivables to ensure you can take care of labor costs and cover other expenses in a timely manner. Instead, subcontractors can operate with confidence, take control of their cash flow, and focus on what they do best.
You’ll get a generous repayment period on the earnings you advance. Billd communicates pricing, due dates and payment methods upfront, so there won’t be any surprises later on down the line. Plus, there are no hidden fees.
Plan with Confidence
The days of worrying about how you’ll cover upfront costs on new jobs or missing out on major construction projects due to cash flow issues are over. With Pay App Advance, you can have peace of mind knowing you’ll get paid on time. Used together with Material Financing to cover supply costs, you’ll never have to come out of pocket to execute on projects of all sizes.
Get Simple, Fast Payments
Instantly access up to 100% of your approved pay app advance minus a purchase fee. Most requests are approved and funded as soon as the same day.
How to Enroll with Billd Pay App Advance
Billd makes it easy for you to get paid sooner. Simply follow these steps:
- Enroll with Billd: Fill out a simple form to learn how to enroll with Billd.
- Enter Your Project: Log in to your online account. Create a name for your project and enter any requested details.
- Submit Your Pay App: Upload your approved pay application to the dashboard.
- Get Paid: Once Billd confirms the application, you’ll receive the earnings you’ve worked hard for.
Facilitate Timely Payments with Billd Pay App Advance
Get the support and financial backing you deserve. Enroll with Billd today to take advantage of Pay App Advance and say goodbye to slow payments.
Take the first step towards unlocking a flexible capital solution for your construction business. Enroll with Billd — it’s free and only takes a few minutes of your time to get started. Submit an online inquiry to learn more, and a customer service team member will reach out to you to answer any questions you may have.