Billd

“Yeah between, probably about 350 right now.”

“Senior is cheaper. And then the mess is at a fixed rate in the middle teens.”

“We're doing 50,000, 100,500 thousand dollars worth of material purchases for a single project.”

“It is higher than the 10. It's probably closer to 12.”

“We'll probably, well, we actually take the whole thing as revenue. The whole origination. And the reason we do that is because it's an installment sale. So we purchase the material and resell it to the contractor”

“There's lots of, I'm just going to say mistakes in the billing and nothing intentional from the supplier side, but there's a lot of room there. It doesn't take long to train somebody how to pick those up. So we do that and we train our team and they review the…”

“There's some like secret sauce there on the way we do the transaction between the purchasing from the supplier and reselling that gives us some in construction vertical specifically that, that gives us more rights than kind of unsecured, you know, here it is.”

“We only have one engineer on staff. We have about seven engineers that we use let's see, Four or five of those overseas and then about three locally. And we manage three outsource dev shops and we balance the three on, on who we kind of want to use for whateve…”

“Probably 15. I think we could put more to work. We could also take us as little as five.”

“Yeah, it's our warehouse facility, so kind of fully baked in the low teens. So, you know, take that, let's call it 10% cost, 20% income, so you have a net 10, right? And that's very, very different than any kind of consumer lending, and probably different than…”

“So we're, you know, we're probably doing around eight million a month right now.”

“So we raised 50, we did 50 on the debt side, 10 on the equity”

“Our performance of these dramatically exceeds any other lender because of the way we underwrite and the way we establish limit. We can give, you know, three X the limit because we have a process that says, what do you, it's not about the person buying the lumb…”

“Relative to other lenders, very, very low balance at any given time because we churn it three times a year. So in any kind of big, like broader economic effect, we could just shut down originations. Three months later, we have zero balance.”

“So we're focused on that because each customer really is probably, you know, we don't know cause we don't have the full lifetime cycle of data, but you know, around 350,000 of purchases per customer which is great, right? And that's from an annual standpoint.”

“Yeah, so we're borrowing, you know, we have a debt facility to borrow we, you know, 90, 95% of the deal, then we have a, we basically make money on that spread.”

“We've been growing like 15% month over month with, you know, rolls up to about 400% annually.”