Billd Payment Solutions

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 51 states across the USA.

What are Billd’s rates?

Billd offers a 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:

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:

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. APRs for the Billd Payment Solutions product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

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

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.