Tracker ● Phase B · scaffolded
Draw-Funding Friction Index
Median calendar days from draw request to wire confirmation, per lender. Monthly post-close survey.
Phase B
Live data ingest begins with Phase B's pipeline. This page shows the methodology and the most recent operator-grade reading on file.
Most recent reading
16.3days
As of 15 May 2026 · n=47 term sheets · weekly
Coverage that informs this tracker
Submit your LOI
The data is only as honest as operator submissions.
Anonymized LOI submissions become the spread tracker, draw-friction index, and take-out failure data. How we anonymize →
Submit a term sheet →