Billd Payment Solutions Review

Billd is a business financing offering by Billd, LLC, based in Austin, TX. Founded in 2018, Billd, LLC offers access to small business loans in 50 states (and Washington, DC).

What are Billd’s rates?

Billd offers a fixed APR business financing product that ranges from 18% APR.

Does Billd charge an origination fee?

Yes, Billd charges a loan origination fee of up to 1.5% of the business loan amount.

What limitations does Billd set on the purpose of the business loan?

Billd considers business loan applications for business purposes, such as:

• Working capital

What types of small business loans does Billd offer?

Not all small business loans are made equal. The type of business loan you choose will determine the range of interest rates and terms you receive. Billd provides access to the following business loan types:

• Lines of Credit

Does Billd charge prepayment fees?

No, Billd does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the business loan off early.

What is the maximum business loan term you can get with Billd?

Billd offers small business loans with terms ranging from 1 to 3 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for Billd Payment Solutions?

Billd Payment Solutions does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.

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 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
• Business formation documents
• References

What is the estimated funding time for a business loan via Billd?

Billd can approve (or deny) a business loan application within 24 hours and fund small business loans within 1 business day of approval.