In our mission at epartslighting.com, we’re more than just a website where you can join up to purchase LED solutions easily and cost-effectively. In addition to our constant search for new and innovative products and suppliers, we’re also always on the lookout for ways to benefit your bottom line in the planning stages of your projects.
Which means that it’s very exciting for us to announce our new partnership with Billd, which will create easy, extended payment terms and allow your business to have sufficient funds.
Project-based contractor financing – how it works.
Billd is a construction financing company that focuses on giving contractors financing they need to be able to pay for project-based material the instant they need it. By having Billd, you can focus on growing your business by having 120-day terms with 0% interest for the first 30 days. If you can pay off the bill of materials in the first 30 days, then you pay nothing in interest. If you need more time, you are guaranteed 120 days to pay it back. This allows you to take the stress off how you are going to pay, and allows you to focus on taking on more projects.
Have you ever worked on a project but then found out you won’t be paid for 90 days? With our partnership with Billd, this eliminates the risk of not being able to pay for the bill of materials in a NET 30 day term setting most contractors are used to being stuck in.
Why this might be a great fit for you.
For growth: Growing your business doesn’t have to be as much of a challenge as it presents. If you want to double or triple your revenue, Billd is a good place to start. Without having sufficient funds, it can be very challenging and frustrating when trying to tackle larger projects. With the solution of being able to pay-when-paid, the possibilities to grow are endless.
For COD or credit card use: Using a credit card to buy the products you need for every job can turn into a sticky situation. Continuously charging your credit card and not being able to pay it off can cause your business a lot of damage over time.
By putting every material purchase on a credit card, you can adversely affect your credit score. Through our partnership with Billd, epartslighting.com can help you by allowing you not to put big strains on your cash flow.
How much does it cost?
Billd offers net 30-day terms. If you pay within the 30-day window, there is no interest. If you need more than 30 days, that’s when interest will start to incur, but you have up to 120 days to pay off the material.
You can get an estimate of your weekly payment by checking out Billd’s payment calculator here, or you can use Billd’s cash flow estimating calculator to determine how much cash is needed to take on a new project.