What is the minimum draw amount?
The minimum draw amount is the smallest amount you can request in a single draw once your Portfolio Line of Credit is open. This is separate from your overall credit limit — it applies each time you request cash from your available credit.
Your first draw must meet your state's minimum loan amount. For most states, this minimum is $10,000. The following states have a different minimum:
- $15,000: Kentucky
- $25,000: Alaska, Maryland, New York, Pennsylvania, South Carolina, Wisconsin
- $25,001: District of Columbia
- $35,000: North Dakota
- $45,000: West Virginia
- $50,000: Maine, Oklahoma, Oregon, Utah
- $71,900: Iowa
- $75,000: Wyoming
- $100,000: Hawaii
Every draw after your first has a minimum of $1,000, regardless of state.