Bolster, a Calgary-based start-up that is revolutionizing not only how construction cost estimating software works but also how people get construction quotes, has just added a game-changing new feature to their platform. Called Bolster Capital, it’s an easy-to-use online financing portal for contractors experiencing growth and the financial stress that sometimes brings.
"We’ve seen contractors double or even triple their order book value using our construction cost estimating software,” says Mike Bignold, founder and CEO of Bolster, “which is a good problem to have, but it does raise some financing problems. So, we built a solution right into the platform.”
Bolster Capital makes applying for financing for materials, equipment, staffing, and other needs as easy as getting an insurance quote comparison.
Contractors who need to access funding can apply online in minutes and get multiple funding offers based on their risk profile, funding needs and a variety of other factors. “Construction moves fast, but unfortunately, most banks don’t.” Adds Bignold. “Having been in the construction industry ourselves for a long time, we know how hard it can be to get the money you need to deliver projects on time.”
That is not to say that banks do not provide the funding you receive from Bolster. The system works as an aggregator, with preapproved financing partners who work with contractors and construction companies already on board. When a new inquiry comes from a contractor who needs financing, the system automatically matches them with a professional lender that meets their needs and allows them to complete the application process right on the site. No appointments, sales calls, or time-wasting are required.
In fact, with Bolster Capital, most qualifying contractors who apply receive their funding in as little as 24 hours. “We built a system that helps contractors get a lot more work than they might have otherwise.” Says Bignold. “So, we thought we should give them the financial tools they need to get those jobs done too.”
While Bolster might be a new option for contractors and construction companies, it’s clear that they are very in tune with their customers. In fact, with their current product and service and exciting future plans, they just might change the way the construction world gets things done.
About Bolster
Bolster is a Calgary-based construction estimating software start-up that is transforming the way contractors’ price, quote, and manage their projects. They offer a suite of digital construction products that are affordable, accurate and easy to master, and service customers throughout north America. See our news releases online here.
Construction Estimating Software