Key Takeaways
- Equipment financing available with EAD only — no green card, no citizenship required
- Equipment serves as collateral, making approval easier than unsecured loans
- Finance trucks, machinery, medical equipment, kitchen gear, and tech hardware
- 24–48 hour approval; equipment available within days
- 12–60 month repayment terms with revenue-based payment flexibility
Why Equipment Financing Works Without a Green Card
Equipment financing is one of the most accessible forms of business financing for parole-status owners — even more accessible than unsecured working capital — because the equipment itself serves as collateral. When a lender finances a $50,000 truck for your logistics company, the truck is their security. If you can't repay, they reclaim the truck. This collateral reduces the lender's risk, which means they can be more flexible about immigration documentation.
Bankable takes this a step further: even for equipment financing, we underwrite primarily on your revenue — not on whether we could realistically repossess your specific equipment model. This means the approval process is fast and the documentation requirements are minimal.
Equipment Categories Available Without a Green Card
- Commercial vehicles: Box trucks, cargo vans, refrigerated vehicles, flatbeds, pickups for business use
- Restaurant equipment: Commercial ovens, fryers, refrigerators, walk-ins, dishwashers, POS systems
- Construction tools and machinery: Excavators, skid steers, lifts, compressors, generators, trailers
- Medical and dental equipment: Chairs, X-ray machines, sterilizers, diagnostic devices
- Manufacturing equipment: CNC machines, lathes, presses, welding equipment
- Technology hardware: Servers, workstations, networking gear, professional AV equipment
- Salon and beauty equipment: Styling chairs, stations, UV equipment, spray booths
- Agricultural equipment: Tractors, irrigation systems, harvesting tools
The Application Process: EAD + Revenue = Equipment
The Bankable equipment financing application requires:
- Your active EAD
- 3–6 months of business bank statements
- A description or vendor quote for the equipment you need
- Your business formation documents
No green card. No citizenship certificate. No multi-year tax returns. Bankable reviews your revenue to ensure you can comfortably service the equipment payment, then approves or declines within 24–48 hours. If approved, funds go directly to the vendor (or to you if you're sourcing the equipment privately).
Equipment Financing vs. the SBA 504 for Parolees
The SBA 504 program is specifically designed for equipment and commercial real estate financing — but it requires U.S. citizenship or permanent residency. Parolees cannot access it as of March 2026. Bankable's equipment financing fills the same functional role: long-term asset financing for physical business infrastructure — without the citizenship gate.
Check your Bankability Score to see your equipment financing limit. Also see why SBA equipment loans are off-limits to parolees.
Frequently Asked Questions
Yes. Bankable finances business equipment for parole-status owners using your EAD and business revenue. No green card is required.
Equipment serves as collateral, which reduces the lender's risk. This makes equipment financing more accessible than unsecured working capital loans, even for business owners with limited U.S. credit history.
Trucks, restaurant equipment, construction machinery, medical devices, tech hardware, salon equipment, agricultural tools, and most other business-use equipment. If it generates revenue, Bankable can likely finance it.
Yes. Bankable finances both new and used equipment from licensed vendors. Private-party purchases may require additional documentation and an appraisal.
Bankable structures equipment repayment as revenue-based draws — a percentage of daily or weekly deposits. If your revenue is lower in a slow month, your payment is lower. This is more flexible than a fixed monthly equipment payment.
A renewal receipt notice (I-797) combined with an expired EAD is typically sufficient to proceed. Equipment loans are tied to the asset's useful life, not your visa expiration date.
Bankable finances up to $500,000 in equipment. The specific amount depends on the equipment value and your revenue. Most parole-status owners qualify for the full purchase price of equipment they need.
If your partner has different documentation (including a green card), the loan structure would depend on who is the primary applicant. Contact Bankable to discuss co-ownership financing.