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  Billd Payment Solutions

Billd Payment Solutions

in Business Lines of Credit from Billd, LLC

Unaffiliated

Billd Payment Solutions

Unaffiliated

in Business Lines of Credit from Billd, LLC

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Highlights
APR  (Fixed APR) Starting at 18%
Credit Score Range 300 - 850
Loan Amount Up to $5,000,000

Billd Payment Solutions Review

Billd Payment Solutions is offered by Billd, LLC, a direct lender founded in 2018 and based in Austin, TX. Billd Payment Solutions is available in 50 states (and Washington, DC).

Billd Payment Solutions FAQ

What APRs does Billd Payment Solutions offer?

Billd Payment Solutions offers a fixed APR product that ranges from 18% APR.

Does Billd Payment Solutions charge an origination fee?

Yes, Billd Payment Solutions charges an origination fee of up to 1.5% of the line of credit amount.

What limitations does Billd Payment Solutions set on the purpose of the line of credit?

Billd Payment Solutions considers line of credit applications for business purposes, such as:

  • Working capital

Does Billd Payment Solutions charge prepayment fees?

No, Billd Payment Solutions does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit balance off early.

What is the maximum term you can get with Billd Payment Solutions?

Billd Payment Solutions offers business lines of credit with terms ranging from 1 to 4 months. Having the option of longer terms allows borrowers to take on larger line of credit amounts while keeping monthly payments more affordable. However, the longer the term of the amounts you borrow, the more interest you will pay.

What do you need to qualify for Billd Payment Solutions?

When it comes to credit scores, Billd, LLC doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Billd Payment Solutions does not have or does not disclose a minimum annual income eligibility requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Billd Payment Solutions. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Billd Payment Solutions. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Recent bank statements
  • Business formation documents
  • References

What is the estimated funding time for the Billd Payment Solutions?

Billd Payment Solutions can approve (or deny) a line of credit application within 24 hours and fund business lines of credit within 1 business day of approval.

What are the business financing requirements for Billd Payment Solutions?

To apply for Billd Payment Solutions, the applicant needs to provide the following documentation:

  • Business license
  • Business bank account

Does Billd Payment Solutions report your account activity to credit bureaus?

Yes, Billd Payment Solutions reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

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Contact

  • Headquarters
  •   2700 W Anderson Lane #206
    Austin, TX 78757
  •   Visit Site

Other Services by Billd, LLC

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee
Origination Fee (%) Up to 1.5%
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 300 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Revenue $500,000
Verification Documents Required
  • Proof of Income
  • References
  • Business Formation Documents
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 - 10 days
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Bank Transfer
APR (Fixed APR) Starting at 18%
Loan Amount Up to $5,000,000
Loan Term 1 - 4 months

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