Key Takeaways
- No green card required — EAD and contractor license qualify
- Fund equipment, materials, subcontractor payroll, and bonding
- Haitian builders dominate construction in Miami and Boston
- Revenue-based repayment fits project-based cash flow
- 48-hour funding decisions
Construction is one of the most immigrant-intensive industries in the United States, and asylees are a significant part of that workforce — and increasingly, that ownership class. Haitian construction entrepreneurs run drywall, roofing, painting, and general contracting businesses across Miami, Boston, and Fort Lauderdale. Guatemalan and Honduran contractors have built masonry and concrete businesses across the Sun Belt. Afghan engineers who worked on US-funded infrastructure projects in Kabul now run engineering and construction firms in Northern Virginia.
Construction businesses face a chronic capital challenge: materials must be purchased and workers must be paid before the general contractor or property owner pays the invoice. This gap — often 30-90 days — requires working capital. Bankable fills it.
What We Fund
- Material purchasing for active contracts
- Equipment rentals and purchases (excavators, lifts, compactors)
- Subcontractor and crew payroll bridges
- Bid bonds and performance bonds support
- Truck and work vehicle purchases
- Office and estimating software setup
Project-Based Revenue and Repayment
Construction revenue is lumpy — big payments arrive at project milestones, not every month on schedule. Bankable's revenue-based repayment structure accounts for this: when a draw arrives from your GC or owner, more goes to repayment. Between draws, repayment is lower. This is fundamentally more appropriate than a fixed monthly loan payment that ignores your project schedule.
Minimum: $20,000/month in contract revenue (averaged over 6 months), US entity, EAD, active contractor license where required.
Frequently Asked Questions
Yes. Asylee contractors with work authorization, a licensed US business, and $20,000+/month in contract revenue qualify for Bankable funding.
Yes. Pre-project material purchasing is one of the most common uses. We advance against your contract value and expected revenue.
In states that require contractor licensing, yes. Your business must be legally authorized to operate. Unlicensed work does not qualify.
Repayment is a percentage of your monthly bank deposits. Milestone payments trigger larger repayments; quiet months have lower repayment.
Yes. Bonding is separate from immigration status. Many bonding companies work with asylee-owned businesses. Bankable can fund the working capital needed to meet bonding requirements.
$20,000/month in contract revenue averaged over 6 months.
Yes. GCs, subcontractors, specialty trades (electrical, plumbing, HVAC), and construction managers all qualify.
Both. Residential remodeling, new home construction, commercial tenant improvement, and infrastructure projects all qualify.