Contractors Can Now Access Up To $10M In Financing Options With The Launch Of Bidmii Finance

Contractors Can Now Access Up To $10M In Financing Options With The Launch Of Bidmii Finance

TORONTO, January 3rd, 2023 - Bidmii, a Toronto-based marketplace platform helping to streamline the process of bidding and paying for home improvement jobs, today officially announced the launch of Bidmii Finance, a series of embedded financing options for contractors on their platform.

With Bidmii Finance, contractors can now gain access to the capital they need to make powerful decisions that drive topline growth. Unlocking capital has never been easier, enabling the rapid deployment of increased resources.

“Our purpose has always been to make the home renovation space easier for both homeowners and contractors,“ said Jon Christensen, CEO, Bidmii. “With the launch of Bidmii Finance, we’re able to provide contractors with the funds required to help them grow their business and update the underwriting process at the same time.”

The application process is simple. Interested contractors complete a quick, online application before being paired with a financial advisor to review funding options and additional requirements. If eligible, contractors can select the type of financing that will work best for them and receive capital within as little as 24 hours. Contractors can receive up to $10M through Bidmii Finance to put towards initiatives that will help them grow their business.

“We’re constantly looking for ways to offer more value for our users,” says Christensen. “Time and time again we hear from contractors that their biggest struggles have to do with accessing the funds to grow their business. We don’t want something like a poor credit score to be a barrier, especially when those contractors bring us a compelling data set of consistent, high-quality work. That is why we’ve launched Bidmii Finance.”

Bidmii Finance is providing its contractor network with unique financing options like advanced receivables, or a flexible line of credit, which are simple to apply for and quickly approved. This revolutionary feature sets Bidmii apart from other contractor marketplaces – giving contractors access to the funds they need.

Bidmii Finance Options:

1. Line of Credit: up to $10M with revolving terms
2. Term Loan: up to $10M, 6 to 36 months
3. Receivable Advanced: up to $750,000, 3 to 12 months
4. & other financing options with varying amounts

To apply, visit: https://finance.bidmii.com/

About Bidmii

Bidmii International Inc. is revolutionising the way homeowners and contractors interact with each other - all through a convenient online platform. The streamlined bidding and payment system makes it easy for renovation projects to be completed with limited risk. Bidmii offers an efficient solution that simplifies home improvement jobs while saving time and money on both ends of the transaction.

We make life easier by getting things done. We take pride in offering a unique, convenient home improvement experience that benefits both homeowners and contractors alike. To learn more about how Bidmii is revolutionising home improvements and making an impact one project at a time, please visit us online: www.bidmii.com, or connect with us on Facebook, Instagram, Twitter, or LinkedIn.