How Plumb-Tech Uses Billd to Take On Larger Projects and Accelerate Their Growth

In Eisenhower's early days with Plumb-Tech, the company struggled with supplier credit limits. Not only were they relying on 30-day payment terms, but they also struggled with insufficient credit limits.

"One invoice could decimate our credit line," he said.

They were working with new GCs at the time and experienced longer-than-normal payment delays for their work on these projects. 30 days was simply not enough time to make materials payments, which caused them to accrue late fees. The lack of sufficient payment terms and available credit made it stressful to execute existing projects and hurt their ability to take on new work.

Plumb-Tech had a good relationship with their suppliers, but they were worried payment delays and maxed-out credit lines would strain these relationships. They simply couldn't sustain a 30-day payment structure on their own. "It closed off avenues to keep us expanding [into larger projects]," Eisenhower said.

One of Plumb-Tech's suppliers referred them to Billd, explaining that Billd could offer a much larger credit limit and more favorable payment terms than what they, as a supplier, could provide.

Dave quickly found that the 120-day terms they had to pay for materials was a game changer, enabling them to pursue larger projects, gain priority from suppliers, and improve their relationships with GCs.

"To expand so quickly with limited credit is hard," he explained.

"The longer timeframe Billd offered was super useful. They made everything much smoother; with less pressure to make material payments in 30 days, we can focus on the work that matters. Billd came at a crucial time in our growth."