Key Takeaways
- Bankable does NOT require a green card to fund your business
- L-2 EAD work authorization is sufficient — no green card, no citizenship required
- We evaluate your business revenue history, not your immigration documents
- 48-hour decisions for L-2 EAD businesses regardless of green card application status
- This will not change — Bankable is built for immigrant business owners
No. Bankable does not require a green card.
This is the most common question we receive from L-2 EAD business owners, and the answer is consistently the same: Bankable is a private revenue-based funder that evaluates your business, not your immigration status. We do not require a green card, US citizenship, permanent residency, or any specific immigration category. We require that you are legally authorized to work in the US — which L-2 EAD holders are.
What Bankable Does Require
- Legal work authorization: Your L-2 EAD status (or valid L-2 status post-2022 DHS rule) satisfies this
- US-registered business: An LLC or corporation registered in any US state with an active EIN
- Business revenue: $10,000-$15,000+ in monthly revenue from 3-6 months of operating history
- Business bank account: A US business checking account where revenue deposits occur
- Business license: Valid state and local business licenses for your industry
What Bankable Does NOT Require
- Green card (permanent residency)
- US citizenship or national status
- Specific visa category beyond valid work authorization
- Social Security Number in most cases (EIN and ITIN may suffice)
- SBA eligibility or participation
- Personal real estate collateral
- US-citizen co-signer
Why This Matters in 2026
The March 2026 SBA rule eliminated all non-citizens from SBA loan programs. Banks have always been difficult for non-citizen business owners. Bankable was designed — from the beginning — for exactly this situation: immigrant and visa-holding entrepreneurs who operate legitimate, revenue-generating US businesses but are excluded from traditional lending channels. Your L-2 EAD status is not a barrier at Bankable. It never has been.
Frequently Asked Questions
Yes. Bankable does not require a green card. We fund L-2 EAD business owners based on their business revenue history. Your immigration status is evaluated only to confirm that you are legally authorized to work in the US — which your L-2 EAD satisfies.
Your green card application status does not affect your Bankable eligibility. Whether you have just received your L-2 EAD, are in the middle of an I-485 application, or have never considered a green card, Bankable evaluates your business revenue — not your immigration trajectory.
We may ask for your EAD card or evidence of L-2 status to confirm work authorization. We do not require immigration documents in the underwriting process itself — we are confirming legal work authorization, not evaluating your immigration category.
No. Our underwriting criteria are identical regardless of immigration status. A US citizen with $50,000/month in revenue and an L-2 EAD holder with $50,000/month in revenue are evaluated identically. Immigration status does not affect your interest rate, funding amount, or terms.
We fund based on your current authorization. If your EAD or L-2 status is approaching renewal, we expect you to file your renewal. Active, valid work authorization at the time of funding is our requirement — not a guarantee of future status.
Yes. Bankable funds business owners across many visa categories — H-4 EAD, E-2, TN, O-1, and others. L-2 EAD holders are specifically served by our visa-specific content, but our funding is available to any legally authorized business owner.
Bankable is a private lender, not a government agency. We do not report to USCIS or any immigration authority. We treat your information with the same confidentiality as any financial institution treats client data, governed by our privacy policy.
Under the 2022 DHS rule, L-2 spouses have work authorization incident to status — your L-2 stamp in your passport is your work authorization document. We can work with L-2 status documentation as well as physical EAD cards.