During construction, what is the procedure for requesting draws from the WELS CEF loan office?
Invoices, along with an actual request for payment, must be mailed into the WELS CEF office. The request for funds must be signed by an authorized member of the congregation. The congregation must collect lien waivers for each draw request. With each new draw request, lien waivers should be included for funds requested in the previous draw. To expedite payment of invoices, the congregation may FAX requests to the office at (414) 256-6480. The original invoices will still need to be sent in via regular mail with a note stating that they have been paid from the FAX copy.
