Draws, from assembly to funding.

0:00Assemble

1. 0:00AssembleThe request, calculated automatically.Pay applications and QuickBooks data are combined to calculate the gross request, retainage, interest reserve draw, and net amount to fund.
2. 0:20VerifyExceptions identified before submission.Each draw is checked against prior billing, reported completion, and the accounting record. Most checks clear automatically, with exceptions surfaced alongside the reasoning behind them.
3. 0:40PackageThe lender package, prepared by Lucovi.An AIA G702 Application and Certificate for Payment is drafted with supporting documents and a preview of the facility after funding.

0:00Position

1. 0:00PositionThe facility's current position.Commitment, drawn amount, availability, interest reserve coverage, monthly carry, and draw pace are tracked against the facility terms and schedule.
2. 0:20AttentionWhat could delay funding.Blocked draws, short fundings, retainage steps, and lengthening funding cycles are surfaced with their cost or delay. The next draw shows what is assembled, what remains outstanding, and the daily cost of waiting.
3. 0:40LedgerEvery draw, through funding.Each draw is recorded by status, from upcoming through funded, with requested and funded amounts shown together and any variance identified.
4. 1:00ReconciliationFunding, confirmed against the bank.Funded draws are matched to bank deposits by amount and date, with each match confirmed by you.