Key Takeaways
- Traditional bank credit lines require permanent residence — Bankable does not
- Draw, repay, and redraw as your business needs evolve
- No green card required — EAD and US entity qualify
- Revenue-based structure ensures repayment fits your actual cash flow
- 48-hour decisions
A working capital line of credit is the most versatile financial tool for a growing business — draw when you need capital, repay as revenue comes in, draw again when the next need arises. For asylee business owners, this tool has been largely unavailable through traditional banks, which require permanent residence for business credit lines. Bankable's revolving working capital structure provides the same flexibility without the immigration requirement.
How the Revolving Structure Works
After your initial advance is approved, you draw capital as needed — for payroll, inventory, equipment, or any business need. As your revenue flows in, repayment reduces the outstanding balance. When your balance drops below your credit limit, you can draw again without a new application. This revolving structure is particularly valuable for businesses with variable capital needs — you're not locked into a fixed loan that may be too large or too small for each specific need.
Who Benefits Most from a Working Capital Line
- Service businesses with lumpy project revenue and steady payroll obligations
- Retailers who need to restock inventory on irregular cycles
- Healthcare practices managing the insurance billing cycle
- Construction contractors managing materials across multiple simultaneous projects
- Cleaning and landscaping companies managing crew payroll between client billing cycles
Qualification
Minimum: $15,000/month in business revenue, 12 months operating, US entity, EAD. For the revolving feature — the ability to draw, repay, and draw again — we require at least one completed repayment cycle, demonstrating that you can manage the structure responsibly.
Frequently Asked Questions
Traditional bank credit lines typically require permanent residence. Bankable's revolving working capital structure functions similarly to a line of credit and requires only EAD and US entity, not a green card.
After initial approval, you draw capital as needed, repay from revenue, and draw again when the balance allows. No new application required for additional draws within your credit limit.
$15,000/month in business revenue, 12 months operating, US entity, EAD.
Yes, within your approved credit limit. You can draw multiple times per month if needed.
Bankable charges a factor rate on each draw, not an annual fee. The cost is transparent at the time of each draw.
Based on your monthly revenue. Most businesses qualify for 1-2x their monthly revenue as a credit limit.
Yes. There are no restrictions on how you use draws from the working capital line.
Yes. As your revenue grows and you demonstrate responsible use of the working capital line, your credit limit can increase.