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Simplifying Access to Short Term Capital in Construction1-10 Employees
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Simplifying Access to Short Term Capital in Construction
Short term cash flow management in the construction industry is extremely challenging and the primary reason contractors and trades people fail. Payments often take up to 120 days from the day spent to the day it is collected. Short term capital is difficult to access due to the complex, multi-tiered contractual and payment environment (Owner, GC, Sub Contractor, Material Provider, etc) where it is often difficult to underwrite a loan due to a lack of clear and complete documentation.

Through the development of a collaborative cloud invoicing platform, Sub Contractors and General Contractors formally establish documented and agreed upon debt (open invoices) that can be validated and lent on. Furthermore, integration with e signatures, ACH payments and document management, creates a systematic process that ensures compliance and completeness further mitigating risk across all stakeholders.
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Jammil Handal
Avatar for Jammil Handal
Founder iBillder • Founder and operator of Central Millwork and Arepa TX. Worked at @General Electric, @Deloitte Consulting
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