Key Takeaways
- L-2 EAD holders can build and fund SaaS businesses without a green card
- Non-dilutive revenue-based funding preserves your equity while scaling MRR
- The 2022 DHS rule confirmed L-2 spouses are fully work-authorized as founders
- Fund engineering, infrastructure, and go-to-market without giving up equity
- Repayment scales with your MRR growth — slower months mean lower payments
SaaS businesses are a natural fit for L-2 EAD holders who came from technology backgrounds at companies like Infosys, Wipro, HCL, TCS, SAP, or other global tech giants. Many arrived as engineering managers, architects, or product leaders who now see US market opportunities their former employers are not pursuing. With their technical skills and their spouses' corporate salaries providing personal stability, they can build SaaS products with disciplined focus.
Bankable provides non-dilutive revenue-based funding for L-2 EAD SaaS founders. We evaluate your MRR, churn rate, LTV, and growth trajectory. Funding ranges from $50,000 for early-stage products to $5,000,000 for scaling SaaS businesses. We do not take equity — you repay from revenue.
SaaS Funding Uses for L-2 EAD Founders
- Engineering headcount: Full-stack developers, data engineers, DevOps specialists, and QA engineers
- Cloud infrastructure: AWS, Azure, GCP costs for production systems, staging, and data storage
- Sales and marketing: SDRs, account executives, content marketing, and paid acquisition
- Product development: UI/UX design, third-party integrations, and feature roadmap acceleration
- Customer success: CS managers who reduce churn and expand accounts
- Compliance and security: SOC 2, HIPAA, GDPR compliance consulting and tooling
Frequently Asked Questions
Yes. L-2 EAD provides full work authorization including the right to found, own, and operate a technology company. You can serve as CEO, CTO, or any other role. You can hire employees, sign contracts, and raise capital.
We typically look for $15,000+ in monthly recurring revenue with at least 3 months of history. Earlier stage companies with strong growth rates and signed customer contracts can discuss options. Pre-revenue is not eligible for standard programs.
No. Revenue-based funding is non-dilutive. You repay from revenue — Bankable does not take equity. This is particularly valuable for L-2 EAD founders who want to preserve ownership while scaling.
Yes. Revenue-based funding is commonly used alongside equity investment. Many founders use Bankable for operational capital (payroll, infrastructure) while preserving equity investment for strategic growth. We are not in conflict with your cap table.
MRR, ARR, monthly growth rate, net revenue retention, churn rate, and customer count. We also look at your gross margins and burn rate to assess sustainability.
Yes. Many L-2 EAD founders run their SaaS businesses while also employed. Your business must have its own EIN and business bank account. The business revenue is what we evaluate.
Delaware incorporation is standard for technology companies. We fund US-registered companies operating in any state.
We look at your actual monthly revenue deposits. For SaaS businesses with annual contracts billed upfront, the month of billing shows high revenue while subsequent months show lower figures. We smooth this to evaluate true ARR.