Tracking Draw Status
How draw requests move through Draft, Sent to Bank, and Funded — and what to do at each stage.
Every draw request shows one badge, and each badge is created by one specific action.
The states
- **Draft** — you finished the three-step wizard and selected **Create Draw Draft**. Nothing has gone to your lender. You can still remove expenses, edit notes, or select **Delete Draw**.
- **Packet Prepared** — you generated the G702/G703 packet. OwnerDraw sets this when the packet is generated. It is **not** confirmation that your lender received or accepted anything. Review the packet, then send it using your lender’s required process. Expenses can no longer be removed and the draw can no longer be deleted.
- **Funded** — you selected **Mark as Funded** after the money arrived, optionally recording **Date Funded** and a **Check / Wire Number**. The date is shown back to you afterwards.
- **Submitted** — an older status found on historic draws only. Nothing in the app creates it today. It still counts as previously billed in later packets.
There is no "approved" or "rejected" status. Your lender's decision happens outside OwnerDraw.
What to do at each stage
- **Draft?** Select **Create G702/G703**. The pre-flight check runs first: over-budget lines block a bank-financed project, unfinished payment-gate checklists need an acknowledgement, and missing lien waivers are a warning you can proceed past.
- **Packet Prepared?** Review the downloaded packet, then send it using your lender's required process. **Download G702/G703** gets the same file again; **Regenerate PDF** rebuilds it from current data.
- **Funded?** Pay your vendors, then select **Mark Paid** on each expense. Funding the draw never marks a vendor paid.
Where to see status
- **Draw Requests** — each draw shows its badge in **Draw History**.
- **Dashboard** — draw totals feed the project health snapshot.
Retainage held on each draw stays held until your lender releases it, whatever the badge says.