Draw Request Best Practices

Tips for smooth draw processing and avoiding common mistakes.

Submit Early

Don't wait until you're running low on funds. Submit your draw request as soon as the milestone is reached and inspection is passed.

Be Accurate

Draw amounts should reflect actual work completed. Over-billing is fraud; under-billing hurts your cash flow.

Document Everything

Photos, receipts, lien waivers, and inspection reports should all be organized and attached to your draw request.

Maintain Relationships

Your loan officer is your partner. Regular communication, organized documentation, and timely submissions build trust and speed up processing.

Common Mistakes to Avoid

• Submitting without all lien waivers collected
• Inflating completion percentages
• Missing required documentation
• Waiting too long between draws
• Not tracking retainage held by the bank

> TIP: Create a "draw day" routine — a checklist you follow every time you submit a draw. Consistency leads to faster approvals and fewer bank questions.