Key Takeaways
- Cuban and Venezuelan parolees with dealership revenue qualify
- Vehicle floorplan financing for used car inventory
- Working capital for dealer overhead and reconditioning
- Buy-here-pay-here receivables financing available
- No green card required — dealer license required
Cuban and Venezuelan parolees in the auto business on humanitarian parole are building successful US car dealership businesses — generating real revenue that traditional banks ignore because of their visa status. Bankable evaluates your business on what matters: monthly revenue, operating history, and business fundamentals.
Cuban Parolees in the Auto Business
Florida's Cuban community has operated independent car lots for decades — and Cuban parolees are continuing that tradition. South Florida's used car market is one of the largest in the nation, and parolee dealers are serving both immigrant buyers (who need buy-here-pay-here financing) and the mainstream used car market. Bankable provides floorplan financing (inventory purchase) and working capital for reconditioning and dealer overhead.
Funding Products
- Vehicle Floorplan: Finance your used car inventory with revolving credit. Purchase vehicles at auction, repay as they sell.
- Working Capital: Fund reconditioning, detailing, inspection, and dealer overhead between vehicle sales.
- BHPH Receivables Financing: Buy-here-pay-here dealerships generate installment loan portfolios — Bankable advances against this receivables book.
- Dealer Equipment: Lifts, alignment machines, detailing equipment, and lot infrastructure financed as dealer assets.
Equipment Financing
Finance the physical assets your business needs with the equipment as collateral.
Explore →Frequently Asked Questions
Yes. Cuban or Venezuelan parolee-dealer humanitarian parolees with valid EADs and US car dealership revenue that exceeds $30K/month qualify for Bankable's funding products. We do not require green card or permanent residency.
Valid EAD, parole documentation, 3 months of US business bank statements, business EIN, and a voided business check. No tax returns required for amounts under $250K.
Working capital advances are decided within 48 hours. Equipment financing decisions typically take 48-72 hours. Funds wire within 2-3 business days of approval.
We prefer 620+ for working capital and 640+ for equipment financing, but we evaluate the full picture — revenue strength, time in business, and industry risk can compensate for lower scores.
Revenue-based working capital requires no collateral beyond a general business lien. Equipment financing uses the financed equipment as collateral. Larger term loans may require personal guarantee.
Qualifying businesses can access up to $5M. Most early-stage businesses qualify for $25K-$500K based on revenue. Businesses doing $100K+/month can access larger facilities.
Bankable structures funding terms to your remaining authorization period. Parole renewals are typically straightforward for CHNV and Ukrainian U4U programs. See our guide on parole expiry and business funding.
Yes, as long as the majority (51%+) ownership is the parolee with EAD. Mixed-status business partnerships are acceptable. Each partner's immigration status is reviewed but majority ownership by a parole holder qualifies.