Key Takeaways
- L-2 EAD holders can found and fund US technology companies without a green card
- The 2022 DHS rule confirmed L-2 spouses are work-authorized incident to status
- SBA Innovation programs blocked for non-citizens as of March 2026 — Bankable is the alternative
- Fund product development, engineering salaries, cloud infrastructure, and go-to-market costs
- Revenue-based repayment scales with your MRR growth
The spouse of an L-1 intracompany transferee — particularly those accompanying senior engineers and technology executives from companies like Google, Microsoft, Infosys, or Samsung — often arrives in the United States with deep technology credentials. They may have been CTOs, software architects, product managers, or data scientists in their home countries. With L-2 EAD authorization, they can build technology companies that leverage their expertise, their international networks, and their insight into underserved markets.
Bankable funds L-2 EAD technology founders whose products are generating revenue. We look at your MRR, ARR, customer contracts, and revenue growth trajectory. Our funding ranges from $50,000 for early-stage SaaS products to $5,000,000 for scaling technology businesses with proven revenue streams.
Technology Funding Uses for L-2 EAD Founders
- Engineering talent: Fund the salaries of US-based engineers, data scientists, and QA professionals
- Cloud infrastructure: AWS, GCP, and Azure costs for scaling your product
- Product development: Accelerate your roadmap with capital for contractors and agency partnerships
- Sales and marketing: CRM tools, SDR salaries, content marketing, and paid acquisition
- International expansion: Leverage your home country connections to expand into Asia-Pacific or European markets
- IP and patents: Protect your technology with US patent filings and international PCT applications
Frequently Asked Questions
Yes. L-2 EAD provides full work authorization in the United States. You can incorporate a company, serve as CEO or CTO, hire employees, sign contracts, and raise capital. The 2022 DHS rule confirmed this authorization is incident to L-2 status — you do not need a separate EAD card if you hold valid L-2 status.
Our standard program requires 3+ months of consistent revenue. We can discuss pre-revenue options for technology companies with signed customer contracts, LOIs, or other documented revenue commitments. A pilot contract with a Fortune 500 company can serve as the basis for early-stage funding discussions.
Yes. Receiving VC investment does not conflict with your L-2 status or Bankable's funding. Many L-2 EAD founders use Bankable's revenue-based funding alongside equity investment — they are complementary, not competing, capital sources. Revenue-based funding is non-dilutive, preserving your equity.
SaaS, marketplace platforms, mobile apps, AI/ML products, fintech, healthtech, edtech, logistics technology, B2B software, and developer tools. We also fund technology service businesses: IT consulting, software development agencies, and managed services providers.
We recover a percentage of your daily revenue deposits. For SaaS businesses with monthly subscription billing, this typically means weekly draws from your business account timed to your billing cycles. Your total repayment amount is fixed — only the pace varies with your revenue.
Yes. Engineering payroll is one of the most common and impactful uses of tech startup capital. Bankable treats payroll as a legitimate business operating expense and funds it directly.
That is a standard structure. Bankable funds US-registered companies (LLC or Corporation) regardless of your state of operation. Delaware incorporation with California operations is completely normal and does not affect your eligibility.
Your Bankable funding is tied to your company's revenue, not your spouse's employment. A change in your spouse's L-1 employer does not affect your funding agreement in any way.