Billd Launches National Flex Line Revolving Credit for Subcontractors
Billd has announced the national rollout of 'Flex Line,' a revolving line of credit designed specifically to provide commercial subcontractors with flexible working capital. Developed in partnership with Cross River Bank, the product allows qualified businesses to access funds that are not tied to specific projects, replenishing as balances are repaid without fees for unused credit. The launch expands Billd's existing financial suite, which includes Material Financing and Pay App Advance, aiming to address the chronic cash flow challenges and broken payment cycles inherent in the construction industry. By leveraging Cross River Bank's technology infrastructure, Billd intends to scale its specialized lending solutions across the United States.
Topics: Business Expansion Construction Finance Fintech Line of Credit