Cory C.
Contractors Beware 48% Interest
Contractors and subcontractors, in the consumer market Billd products would be called predatory lending. The offer presented by Billd was at 48.61% APR for Accounts Receivable backed funding (this is funding secured by government invoices. i.e 100% chance of payment in 45-60 days.) Companies like Billd are a primary reason for the bankrupting of small businesses. Beware that to make a project profitable only on the gross profit (not accounting overhead and other expenses) the project must have over 50% markup. Yes, this is loansharking or predatory lending at best.


