Key Takeaways
- Equipment financing without a green card is available through Bankable for all DACA business owners
- The equipment itself serves as collateral — reducing lender risk and often improving terms
- All equipment categories funded: trucks, medical, restaurant, construction, manufacturing, and technology
- Equipment financing is often the most accessible funding type for DACA owners with newer businesses
- 48-hour decisions — get your equipment working and generating revenue faster than bank timelines allow
Equipment financing is often the most accessible funding product for DACA business owners — even those who might not yet qualify for unsecured working capital. The reason: the equipment itself serves as collateral, reducing the lender's risk and making the underwriting less dependent on extended operating history or high credit scores.
Why Equipment Financing Is Accessible for DACA Owners
In equipment financing, if the loan is not repaid, the lender can recover the equipment. This collateral backstop means equipment financing carries lower risk than unsecured lending — and lenders (including Bankable) can offer it to borrowers with shorter operating histories or lower credit scores than would qualify for unsecured capital.
For DACA business owners who are newer to business or have credit challenges, equipment financing is often the right first step into business credit.
Equipment Financing vs. Leasing for DACA Owners
| Factor | Equipment Financing (Buy) | Equipment Leasing |
|---|---|---|
| Ownership | You own the equipment | Leasing company owns it |
| Down payment | Often 10-20% | Often first/last payment |
| End of term | Equipment is yours, fully paid | Return or buy at residual value |
| Tax treatment | Depreciation deduction | Lease payments deductible |
| Best for | Long-life equipment you'll keep | Technology that becomes obsolete |
Most Fundable Equipment Categories for DACA Owners
- Commercial trucks and vehicles: Semi trucks, service vans, flatbeds — highest demand category
- Construction equipment: Excavators, bulldozers, cranes — high-value assets with strong collateral
- Medical and dental: Imaging, treatment equipment — high value, long useful life
- Restaurant: Commercial kitchen equipment — strong collateral for established restaurants
- Manufacturing: CNC machines, presses, production equipment — industrial assets
Frequently Asked Questions
Yes. Bankable finances equipment for DACA business owners with no green card or citizenship requirement. Your EAD, SSN, and business revenue are the qualification factors.
Equipment serves as collateral. If the loan is not repaid, the equipment can be recovered. This reduces lender risk, making equipment financing accessible to DACA owners with shorter business histories or lower credit scores.
Yes. Used commercial vehicles in good condition are financed by Bankable for DACA owner-operators. The truck's current market value determines the collateral value.
Typically 10-20% of the equipment purchase price. This down payment reduces the loan amount and demonstrates your investment in the equipment.
Yes. Commercial kitchen equipment — ovens, refrigerators, dishwashers, POS systems — is financed by Bankable for DACA restaurant owners. No green card required.
Possibly. For high-value equipment with strong collateral value, Bankable may consider businesses with 6+ months of operating history. The equipment value offsets the shorter business history.
Yes. Sale-leaseback or equipment refinancing — borrowing against equipment you already own — is a covered use case. The owned equipment's equity becomes working capital.
Yes. Private seller equipment purchases are financed. Bankable assesses the equipment's condition and market value as part of the underwriting process.
Yes. Medical and dental equipment — imaging systems, treatment chairs, diagnostic tools — is financed for DACA-owned healthcare practices. No green card or citizenship required.
Bankable finances equipment up to $5M. Most individual equipment purchases fall in the $25K-$500K range. Larger equipment packages (multiple units, full facility outfitting) can approach higher limits.