Which of these actions is taken after a draw request is approved in nCino?

After a draw request is approved in nCino, the next step involves initiating the funding process. This action is crucial as it signifies that the approved funds are ready to be disbursed to the borrower, facilitating the project's financing or the purpose for which the draw request was made. This step ensures that the funds are provided timely and efficiently following the approval.

The process involves coordinating with financial institutions and ensuring that any administrative requirements are met to move forward with the funding. This is an essential function in the lifecycle of a loan, especially in scenarios like construction or project financing where funds are drawn in stages based on progress.

Other options such as adjusting the total budget, creating new budget drafts, or re-evaluating the loan are not typically immediate actions that follow the approval of a draw request. Adjustments to the budget or loan evaluations usually occur at different stages of the financing lifecycle, depending on the project's status or changes in circumstances, rather than as a direct result of a draw request approval. Therefore, the initiation of the funding process is the immediate and logical action following the approval of a draw request.