We already have a project management system and/or an accounting system. Why is Rabbet different?
Rabbet is purpose-built for managing construction finances and compliments your existing project management and accounting tools. Because Rabbet automatically parses information from documents, you can get all the benefits of automatic reconciliation, instant compliance, and easy approvals without duplicating your work in these other systems.
Do my clients have to use Rabbet?
Rabbet is the only construction finance platform that offers a standalone experience for construction loan monitoring groups. The platform makes it easier for you to aid and inform clients with less effort, and does not require your clients to access the platform.
Can I use Rabbet for existing projects?
Yes! You never need to utter the words, “I wish I found this sooner.” The platform works seamlessly with inflight loans. Loading historical draws is not required, but we do recommend it to improve your portfolio reporting experience. It’s easy to onboard project history yourself, or our team can get you set up.
Why did you build Rabbet?
In the US, contractors finance more than 54 days of accounts receivables on average — the longest of any industry. This is an undue burden on small businesses and an untapped opportunity for lenders. Rabbet works to speed construction loan funding to benefit everyone involved in construction financing.