BlueTape’s New Feature Release Makes Flexible Financing Available for Construction Pros at Any Building Material Store
San Francisco, CA - Mar. 1st, 2022, BlueTape introduces a new financing feature adding to the existing payment and financing tools and expanding financing options available to construction pros. Since the launch of BlueTape in 2021, general contractors and subcontractors have used BlueTape financing to buy their building materials at partnering building material stores. This new feature allows contractors all around the country to start using BlueTape to finance their building supply invoices at any store.
General contractors and subcontractors can purchase supplies from any material supplier by taking advantage of 0% in fees for the first 30 days, or extend their financing option to 60 or 90 days. Not to mention, construction professionals can get quick approval and seamlessly pay invoices within a few clicks from their phones.
How Does BlueTape Financing work?
● Builders and contractors simply register on BlueTape.com and request credit without affecting their credit score
Contractors order building material as usual
They can pay at the store or over the phone using the BlueTape app
BlueTape pays the material suppliers upfront
Contractors have the ability to choose their preferred repayment period and pay BlueTape back
Yaser Masoudnia, CEO and co-founder of BlueTape, said: “We are excited to launch a new financing feature, adding to the existing payment and financing tools for general contractors and subcontractors. With this launch, contractors can take advantage of a Buy Now, Pay Later option for their building materials everywhere they buy building materials. They also have the ability to improve their cash flow and take on more projects. With this new financing feature, we can help contractor businesses who may not have access to traditional financing options and help them succeed”.
About BlueTape: Based in San Francisco, BlueTape is a Fintech company tailored for the construction industry. It offers an innovative and easy-to-use payment platform that transforms how building materials are financed in the industry. BlueTape partners with material suppliers to offer their customers a wide range of payment options, including flexible financing. The platform enables suppliers to streamline their invoice collection and get paid fast. Contractors will have a quick and hassle-free way to pay for building materials on the go and leverage BlueTape financing to pay for materials over time. For more information visit: BlueTape.com
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