Key Takeaways
- Haitian parolees with US construction revenue and contractor licenses qualify
- Equipment financing for excavators, lifts, and tools
- Working capital to bridge construction payment cycles (net-30/60/90)
- Bond assistance for public and commercial contracts
- Funding up to $5M — 48-hour working capital decisions
Haitian parolees in Miami, Boston, and New York are building construction companies that generate real US revenue — residential remodeling, commercial build-outs, landscaping, roofing, and specialty trades. Many Haitian parolees arrived with construction skills developed over years in Haiti's building sector or from prior US work experience. In the US, they've earned contractor licenses, built client rosters, and are growing operations that traditional banks refuse to fund. Bankable finances their equipment, working capital, and growth.
Construction Cash Flow: The 90-Day Problem
General contractors and subcontractors often wait 60-90 days for payment after completing work. Meanwhile, materials must be purchased, workers paid weekly, and equipment maintained continuously. This cash flow gap — endemic to construction — is especially acute for parolee contractors who can't access bank lines of credit. Bankable's construction invoice factoring and working capital advances directly address this problem.
Construction Funding Products for Parolees
- Equipment Financing: Excavators, compact loaders, aerial lifts, tools, and vehicles financed with equipment as collateral.
- Construction Invoice Factoring: Convert completed work invoices to immediate cash. Advance rate 85-90% of invoice value.
- Working Capital: Fund materials and payroll between project milestones and client payments.
- Bid Bond Assistance: Financing to support performance and payment bond requirements for public contracts.
- Vehicle and Fleet: Finance trucks, vans, and trailers for your construction fleet.
Haitian Parolees: Construction Expertise Meets US Opportunity
Haitian parolees bring construction trade skills — masonry, carpentry, electrical, plumbing — developed in Haiti and often refined through prior US work experience (many Haitians worked in South Florida construction for years before the 2023 CHNV expansion). Those with US work histories have established client relationships and professional reputations. Bankable treats that commercial track record as bankability evidence, regardless of current immigration status.
Frequently Asked Questions
Yes. Bankable funds Haitian CHNV parolees with US construction revenue, contractor licenses, and business bank statements. We do not require green card or permanent residency. EAD is the accepted primary ID.
Excavators, compact track loaders, scissor lifts, boom lifts, commercial trucks, trailers, generators, compressors, and specialty tools. Equipment must be purchased from licensed dealers or private sellers with documented ownership.
You submit completed work invoices from creditworthy clients (general contractors, property managers, government entities) to a factoring company. They advance 85-90% immediately. When the client pays (net-30/60/90), the factoring company receives payment and remits the balance minus fees (typically 1-4%).
A valid contractor's license significantly strengthens your application and is required for most construction equipment financing. Unlicensed handyman operations may qualify for smaller working capital advances but face more restrictive terms.
Yes. Parole status does not prevent bidding on most state and local public construction contracts. Federal contracts have more restrictions. Performance and payment bonds are required for most public projects — Bankable can assist with bond financing.
$25,000 per month in verifiable construction revenue from bank statements, invoices, or construction platform payments. This is slightly higher than some other industries due to construction's higher average invoice sizes and payment cycle lengths.
Bankable's working capital advance provides funds to purchase materials at project start. Repayment begins when client payments arrive. For large projects, we can structure draws aligned to project milestone payments.
Yes. Ukrainian parolees with US construction or contracting operations qualify. Ukraine has a sophisticated construction industry, and many Ukrainian parolees have engineering and project management backgrounds that translate directly to US construction management.