No loans from the contractor

Ocala Building Contractor does not offer in-house loans. It does not publish an interest rate, an annual percentage rate, a term, or a payment. It does not name a lender partner, because it does not have one to name. There is no phrase on this page that says the company finances anyone, and there will not be one. Credit is not a product the company sells. If you need money to build, that money comes from a lender you choose, or from funds you already have. The contractor is not that source.

The company is a disabled veteran-owned contractor with 17 years of construction experience. That description is about construction. It is not a credit program, a veterans’ loan, or a promise that a bank will treat an application a certain way. The company does not take loan applications. It does not pull credit. It does not tell you that you are approved, pre-approved, or likely to be approved. Anyone who needs those words needs them from a lender, in writing, on the lender’s form.

The loan stays between the owner and the lender

A construction loan, when there is one, is a contract between the property owner and the lender. Draw schedules that the lender enforces are part of that relationship. Ocala Building Contractor is not a party to the promissory note. The company may be asked to build under a separate construction contract with the owner. Those are two different documents. Mixing them on a web page would make the contractor sound like the bank. The contractor is not the bank.

The owner applies, qualifies, and signs with the lender. The lender decides the amount, the rate, the fees, the inspections it wants, and the conditions of each draw. The company does not negotiate those terms for you, and it does not set them. If a lender refuses the loan, the company has not failed a financing promise, because it never made one. If a lender approves a loan, the company has not become your lender by starting the work. Contact is for construction questions. It is not an application desk.

What a lender often wants from the contractor

Lenders often want a clear description of the work, a construction contract, and a draw schedule that lines up with inspections. They want those papers so they can see what their money is paying for and when. The company can supply construction documents when a job is proceeding that way: a written scope, a contract for the work the company is actually doing, and a draw schedule tied to stages the inspector or the lender can recognize. Supplying those papers is not lending. It is describing the work in a form a lender is able to read.

A scope that a lender can use names the building, the address, and what is included. It separates allowances from fixed items when allowances exist. It says what is excluded. A contract identifies the parties, the price for that scope once a price exists, and how changes are written. A draw schedule lists amounts or percentages against stages, and it should match inspections rather than arbitrary dates. The company does not pretend every lender uses the same form. Your lender’s list controls. Ask the lender what it wants, then ask the company for the construction documents that match the job, not for a credit decision.

Building permits matter to many construction loans because the lender wants to know the work is the work the jurisdiction will allow. The permit follows the parcel. A draw schedule that ignores required inspections can stall even when the crew is ready. The company can tie proposed draws to inspection stages when that is how the job is structured. It cannot promise that your lender will release money on a given day. Release is the lender’s act. The owner and the lender have to live with the lender’s conditions, including conditions that have nothing to do with the jobsite.

Draws, inspections, and the money itself

A draw is a payment from the lender, or from the owner under the lender’s rules, against completed work. It is not an in-house loan from the contractor. The company may bill according to the construction contract. That bill is a construction invoice, not a consumer-finance disclosure. If the lender requires an inspection before it funds a stage, the company does not become your lender for the gap. Talk with the lender about that gap before work starts.

What this page will not say

This page will not say the company finances anyone. It will not say financing is guaranteed, fast, or available to every owner. It will not say that a disabled veteran owner of a property receives a rate through this company. It will not collect a down payment and call it a loan. Deposits, if a construction contract requires them, are contract terms for the work, not credit. Read the contract. Do not read this page as the contract.

Remodeling and residential construction are construction scopes. They are not loan products. A kitchen remodel and a new house can both be financed by an owner, and they can both be paid without a loan. The company prices work it agrees to do. It does not price a loan. If you do not yet know whether you will borrow, you can still talk about the scope. The scope has to exist before most lenders will look at a construction budget. Starting with the scope is not a financing application.

• The company does not lend and does not publish a rate or a lender partner.
• A construction loan is between you and your lender, including the lender’s draw rules.
• The contractor can often provide a scope, a contract, and a draw schedule tied to inspections.
• Those papers describe the work. They are not a credit approval.
• Permit jurisdiction follows the parcel and can affect when a lender is willing to fund.
• Ask your lender what it requires. Do not ask this page to approve you.