Won a Large Construction Bid but Do Not Have Enough $’s to Handle it?
We have a quick affordable Financing Solution.
We have partnered with Billd which will provide 120-day terms on material purchases for commercial jobs.
Example:
ABC Construction has a job with DEF Real Estate Management for $150,000 with material cost of $100,000 from XYZ Supply
Billd will pay Supplier A $100,000 on the spot. ABC negotiates a discount for paying XYZ upfront.
DEF pays ABC $150,000 in 60 days.
ABC pays Billd the following fee:
2% purchase fee on the $100,000 =$2,000
$500 per week for 60 days =$4,000
Billd charge is $6,000 which should be reduced by the $2,000 cash discount for cash discount provided by supplier…Net Cost to ABC $4,000
Total Project Revenue $150,000
Financing Cost $4,000
Financing 2.6%
If you would like to learn more call us at 360-229-7945