Key Takeaways
- L-2 EAD holders can own and operate construction and contracting businesses
- Fund equipment, bonding, payroll, and materials without a green card
- SBA construction loans now blocked for non-citizens — Bankable is your alternative
- Revenue-based repayment tied to construction contract payments
- 48-hour decisions based on your contract pipeline, not your immigration status
Construction is one of the most capital-intensive industries, and L-2 EAD holders who enter it often bring engineering, architecture, or project management credentials from their home countries. The spouse of a civil engineer transferred from a Korean infrastructure company, or the partner of an architect from a Spanish design firm, may launch a US construction or renovation business that leverages their technical expertise and international design sensibility.
Bankable funds L-2 EAD construction businesses based on contract revenue, project pipeline, and operational history. We provide working capital, equipment financing support, and payroll capital to keep your crews on site while awaiting draw payment from project owners.
Construction Funding Uses for L-2 EAD Holders
- Payroll bridge: Fund weekly payroll for your crews while waiting for monthly or milestone-based project draws
- Materials purchasing: Pre-purchase lumber, steel, concrete, and specialty materials at favorable prices
- Equipment acquisition: Excavators, scaffolding, lifts, and specialty construction equipment
- Bonding assistance: Working capital that helps you qualify for larger bonded contracts
- Subcontractor payments: Pay subs on time even when your GC is slow to release draws
- Bid preparation: Capital for estimating, permitting, and project startup costs
Frequently Asked Questions
Yes. L-2 EAD holders can own and operate construction businesses, obtain contractor licenses (which vary by state), hire crews, and bid on private and public projects. Licensing requirements are state-specific — many states have separate licensure paths for business owners vs. qualifying individuals.
Working capital for payroll and materials, equipment financing assistance, and bridge capital for projects with slow draw schedules. We fund GCs, subcontractors, specialty trades, and design-build firms operated by L-2 EAD holders.
Construction revenue is milestone-based, not monthly. We analyze your project portfolio, signed contracts, and annual revenue trends rather than single-month figures. A $3M backlog of signed contracts is strong evidence of creditworthiness.
Yes. Project startup capital is available for L-2 EAD construction business owners with signed contracts. We can advance working capital for materials, equipment mobilization, and initial payroll before your first draw arrives.
Both. Residential remodelers, custom home builders, commercial tenant improvement contractors, and large commercial construction GCs all qualify. The underwriting criteria adjust to your specific market and contract structure.
Mechanic's liens are a normal part of construction and do not automatically disqualify you. We evaluate your lien history, resolution track record, and current project health. Active disputed liens on all projects would require discussion.
Yes. L-2 EAD holders can bid on state, local, and federal construction contracts in most cases. Some federal set-aside programs require citizenship, but the general construction market and most government contracts are accessible.
Decisions in 48 hours, funding within 2-5 business days after approval. For urgent payroll needs, contact us directly — we prioritize construction payroll situations.