Construction Genius

Financial issues can be a deep challenge for many contractors. While the situation is often unavoidable, there are ways to overcome these financial struggles and grow your business. In today's episode, I welcome Jesse Weissburg, the co-founder and chief commercial officer of Billd, a company specialized in providing accessible funds to different contractors. Jesse discusses the importance of leverage financing. He also delves into why most banks don't take risks with contractors, and the kind of help that Billd provides for contractors looking for financing options to sustain and grow their business.  So, tune in now to learn important notes about leverage financing. What's Discussed in This Episode: What is leverage financing and who needs it [01:48] Negative views on financing in the construction industry [03:32] Distinguishing the right type of financing [06:27] Leverage financing over cash [05:52] Why traditional financing is difficult for contractors [07:10] Factoring [08:41] Line of credit [10:0