Key Takeaways
- Hiring your first employees is the most critical growth transition for a solo H-2B entrepreneur
- Payroll, training, workers comp, and equipment for new hires require upfront capital
- Bankable provides working capital for hiring and payroll — no green card required
- 48-hour decisions for qualified businesses
- SBA loans are no longer available for non-citizen business owners under the 2026 rule
The Most Important Transition: Solo to Team
For most H-2B entrepreneur businesses, the transition from solo operator to employer is the single most important growth move. A solo landscaper can generate $80K–$120K annually. A landscaper with three employees can generate $300K–$500K. The economics of adding employees are compelling — but the upfront costs are real.
Hiring your first employees requires capital for: payroll for the first weeks before new revenue arrives, workers' compensation insurance premiums, equipment for new workers, uniforms and supplies, and the administrative infrastructure of becoming an employer. Bankable provides working capital specifically for this transition — no green card required.
Costs of Hiring Your First Employees
- Payroll advance: New employees start generating revenue from day one, but invoices are collected weekly or monthly. You need capital to fund the first payroll cycles.
- Workers' compensation insurance: Required in virtually all states. Premium deposits and first-year costs are a significant upfront expense.
- Equipment: Each new employee needs tools, equipment, and often a vehicle. The equipment investment per new hire can be $5K–$30K depending on industry.
- Uniforms and supplies: Professional uniforms, branded apparel, and basic supplies for new employees.
- HR and payroll infrastructure: Payroll processing software, employee onboarding systems, and compliance documentation.
Payroll Working Capital
Cover first-employee payroll and insurance costs. Draw as needed. Up to $150K revolving.
Apply →Equipment Financing
Finance tools and equipment for new hires. Asset-secured for better rates.
Learn More →Revenue-Based Funding
Repay as a percentage of daily deposits as new employee revenue arrives.
Apply Now →Frequently Asked Questions
Yes. Bankable provides working capital for payroll, equipment, and insurance costs associated with hiring your first employees. No green card required.
This depends on your industry. For a landscaping or cleaning business, plan for $15K–$40K per new employee including payroll advance, equipment, insurance, and supplies.
Workers' comp pays medical and disability benefits if an employee is injured on the job. It is required in most states. Premiums are typically 2–10% of payroll depending on the industry risk classification.
Yes. Equipment financing is available for tools, vehicles, and work equipment that new employees need. The equipment serves as collateral for better rates.
The 2026 SBA rule eliminated non-citizen business owners from all SBA programs. Bankable is private capital with no citizenship requirement.
Revenue-based repayment is a percentage of daily deposits. As your new employees generate additional revenue, repayment accelerates. The structure naturally aligns repayment with the revenue growth that hiring enables.
Six months of business bank statements, your EIN, and personal identification. No green card required.
Most applications receive a decision within 48 hours. Funds are typically deposited within 3–5 business days.