Billd has launched a new product aimed at improving cash flow for subcontractors and facilitating more timely payments for labor, called Pay App Advance. Pay App Advance will combat rising labor costs in the construction industry and the taxing impact it’s had on subcontractor cash flow and overall liquidity of commercial construction projects.
Pay App Advance is the next step in Billd’s mission to provide subcontractors access to ample working capital needed to grow their business. The new product provides same-day financing to cover the cost of labor, eliminating the responsibility of the subcontractor to float their own capital to fund projects and pay their workforce. With the addition of Pay App Advance, Billd now provides commercial subcontractors with upfront access to financing for the two largest expenses on a project: materials and labor.
billd.com
