Key Takeaways
- SBA rejection for K-1 holders is not a failure -- it is expected SBA policy
- K-1 AOS holders are categorically excluded from all SBA loan programs
- Bankable was built specifically for the SBA gap faced by K-1 entrepreneurs
- Revenue-based funding up to $5M with 48-hour decisions -- no SBA required
- Your business revenue is the qualification -- not your immigration document
If you applied for an SBA loan as a K-1 holder in adjustment of status and were rejected -- you were not rejected because your business is bad. You were rejected because SBA policy categorically excludes non-citizens and non-permanent residents from all SBA loan programs. This is federal policy, not a reflection of your creditworthiness. Bankable was built to fill this exact gap. We provide revenue-based funding for K-1 entrepreneurs who have been turned away by the SBA, with decisions in 48 hours and amounts up to $5M -- based on your business revenue, not your immigration document.
The K-1 Funding Challenge
- SBA policy explicitly excludes K-1 AOS holders from all loan programs -- this is not negotiable
- Banks following SBA referral guidelines will also decline K-1 holders
- The SBA rejection letter does not reflect your business quality or creditworthiness
- K-1 holders who don't know about the exclusion waste weeks applying and waiting for SBA decisions
- Other alternative lenders charge 40-80% APR -- Bankable is a more responsible alternative
- Time spent on failed SBA applications is time your business could have been growing
Bankable Solutions for K-1 Business Owners
- Revenue-Based Funding ($25K-$5M): Access funding based on your monthly revenue -- the same revenue the SBA evaluated.
- 48-Hour Decision: No more waiting 2-6 months for SBA decisions. Bankable responds in 48 hours.
- Equipment Financing: Finance the equipment you needed the SBA loan for, with assets as collateral.
- Working Capital Line: Revolving capital based on your revenue -- grows as your business grows.
- Path to SBA Eligibility: Bankable works with K-1 holders on building financial history that maximizes SBA eligibility post-green card.
Why Banks Fail K-1 Entrepreneurs
Traditional banks evaluate business loan applications through a lens built for citizens and permanent residents. They demand two or more years of US tax returns, a Social Security number with a long credit history, and often require a green card or citizenship as an unstated condition. K-1 holders in the adjustment of status period rarely meet all these criteria simultaneously.
Bankable funds revenue, not immigration documents. Check your Bankability Score in 5 minutes with no hard credit pull. Explore SBA alternatives and revenue-based products.
Revenue-Based Funding
Up to $5M tied to your monthly business revenue. No green card required. 48-hour decision.
Apply Now →Equipment Financing
Asset-backed funding for K-1 business owners. Fast approval, EAD-eligible.
Learn More →Working Capital Bridge
Bridge cash flow gaps during AOS. Flexible repayment tied to your revenue.
Check Score →Frequently Asked Questions
No. Bankable does not require a green card or US citizenship for any of its funding products. A valid EAD and a registered US business entity are the primary requirements.
Bankable makes decisions within 48 hours of receiving complete documentation. Funding typically arrives within 3-5 business days of approval.
SBA rules require all 20%+ business owners to be US citizens or lawful permanent residents. K-1 holders in AOS are excluded regardless of revenue or business quality. Bankable fills this gap.
Typically 3-6 months of business bank statements, your EIN, proof of business ownership, and your EAD. The Bankability Score tool provides a personalized document list in 5 minutes.
The SBA requires all owners of 20% or more of the business to be US citizens or lawful permanent residents. K-1 holders in adjustment of status are neither. This is federal policy that applies to every SBA lender -- it is not negotiable and does not reflect your business quality.
Apply to Bankable immediately. Your business's revenue is the qualification for Bankable -- the same revenue that made you think you'd qualify for an SBA loan. Bankable makes decisions in 48 hours and funds amounts up to $5M.
Yes -- when you become a permanent resident (green card holder). After green card approval, you are immediately eligible to apply for SBA loans. Bankable bridges the gap between now and then, building your financial history and business strength so you are ready for SBA when your green card arrives.
Some alternative lenders and MCAs will fund K-1 businesses, but at extremely high rates (40-80% APR or higher). Bankable provides more responsible funding terms based on your revenue, structured as a percentage of daily sales rather than a fixed high-interest payment.