State Savings Bank

See the latest breaking news and Coronavirus (COVID-19) business assistance resources including our PPP online application

How do construction draws work?

SSB requires invoices from the GC and sub-contractors for each construction draw as well as fully executed lien waivers on work previously completed.  SSB lenders will also make regular inspections of construction in order to verify the work we are advancing for has been completed.  This is done in order to protect both the borrower and the bank.

« Back

© 2021 State Savings Bank. All Rights Reserved.