State Savings Bank

SSB COVID-19 Update: Click Here Frequently for Important Customer Information.

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.

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