Banks don’t release construction loan money on trust — they release it on documentation. Here’s the standard set of documents that makes a draw fundable.
The standard draw document checklist
- The lender’s draw request form, filled completely
- Line-item costs mapped to the approved budget
- A signed lien waiver for every sub being paid
- Receipts or invoices for materials and labor
- An inspection report confirming the work is done
- Proof retainage was held back on each line
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Start your 30-day free trialDrawReady checks every one of these against your bank’s requirements and flags what’s missing — before the draw reaches the loan officer.
The document that stalls draws most
Lien waivers. They live in email and text threads, a sub forgets to send one, and the bank holds the entire draw over a single signature. Collect them as you pay, not at draw time.
Frequently asked questions
Do requirements differ by bank?
Yes — every lender has its own form and document list, which is why using their exact template matters.
What if a sub won’t send a waiver?
Most banks won’t fund that portion until they do — build waiver collection into your payment step so it’s never optional.
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How Does a Construction Draw Work? A Step-by-Step Guide for Builders & Developers
A construction draw releases a portion of your construction loan as work progresses. Here’s how the process works from completed work and documentation to inspection, lender review and funding.
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