How to Lend Money to Billders

How to Lend Money to Strangers

Brendan le Grange

Credit, Fintech, Management, Lending, Banking, Business, Careers

5 • 2.6K Ratings

🗓️ 12 June 2025

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Recorded live in Austin, Texas at the offices of Billd, this episode of HTLMTS explores the ways in which Christopher Doyle and his team are removing financing friction from the building process. Few of us look forward to a building project, but all of us make use of the end results, so let's take a look behind the scenes at how the money does (and doesn't flow) between lenders, general contractors, subcontractors, and suppliers.

To find out more about how Billd's financial solutions built for subcontractors, head on over to https://billd.com/

Or follow them on LinkedIn https://www.linkedin.com/company/billdco

Chris is on LinkedIn, too, at https://www.linkedin.com/in/christopherldoyle/, as am I, https://www.linkedin.com/in/brendanlegrange/

Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24

Friends of the show include: https://www.ontap.co.za/pages/hoedspruit-store-details (for all your Hoedspruit-based bathroom needs), https://www.joinhumoni.com, and https://chaos-out-of-order.com/

And since you like podcasts, I'm also co-create hAIghtened senses with Christo van Zyl, in which will look at the intersection between human senses and technology, especially AI-powered technology.

Keep well, Brendan

And since you like podcasts, I'm also co-create hAIghtened senses with Christo van Zyl, in which will look at the intersection between human senses and technology, especially AI-powered technology. You can already start to follow it wherever you're listening to this one - there's only a trailer there at the moment, but we've recorded some of the early episodes and it's going to be a fun ride!

Keep well, Brendan

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Transcript

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0:00.0	In B2B, because this is a business transaction, it's far less regulation.
0:07.1	That triggers innovation.
0:08.3	That triggers creativity, not in a bad way.
0:11.7	I know probably people hear that and they go, oh, creativity and a finance product,
0:14.8	you must be sneaking something by.
0:16.3	Absolutely not.
0:17.6	Because you can structure however you want.
0:23.2	And this was new to me coming from consumer finance. If we wanted to only charge interest for four months and then charge the full
0:30.5	payment, if we want to cut that in half. So when we started the business, we got to the point
0:37.1	where we did nothing in a way that anyone else did it. Instead, we started the business, we got to the point where we did nothing in a way that anyone
0:40.0	else did it. Instead, we started from scratch on everything. Instead of saying, well, what does
0:45.8	Experian have to say about these guys? How would a bank underwrite them? We just said, what is
0:52.0	our risk? Our risk is we're going to buy this material
0:55.2	and either our customer gets paid for it and they don't pay us or our customer just straight up
1:02.2	doesn't get paid for it and therefore can't repay us. So let's build an underwriting process
1:08.1	that mitigates those two things.
1:16.9	Welcome back to How to Learn Money to Strangers with Brendan LaGrange.
1:23.1	When I went to Austin a couple of months ago, it was mainly to learn about how to build startup ecosystems, communities of founders and co-founders that could help each other to build
1:29.2	bigger and better businesses more efficiently, something that that city has done so well over
1:35.1	the last decade or so. But as you might imagine, many of those great founders are building
1:41.2	businesses in the lending world. So we actually kicked off that whole trip in the offices of build, speaking to founder and
1:49.1	CEO Chris Doyle about how to help subcontractors get the financing they need in the shape
	...

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