Key Takeaways
- Cuban parolees with US retail revenue qualify — no green card needed
- Inventory financing up to $2M for seasonal restocking
- Working capital for rent, payroll, and marketing between sales cycles
- 48-hour decisions on working capital advances
- Revenue-based repayment flexes with your daily sales
Cuban parolees carry one of the most celebrated entrepreneurial cultures in the Western Hemisphere. In Miami, Cuban-owned retail businesses — bodegas, clothing boutiques, jewelry stores, specialty food shops — represent generations of commercial achievement. CHNV parolees arriving since 2023 are continuing that tradition, opening stores, building inventory, and serving both immigrant and mainstream consumer markets.
Retail Cash Flow Challenges for Parolee Owners
Retail businesses face distinct cash flow pressures: inventory must be purchased weeks before it sells, rent is due monthly regardless of sales, and seasonal swings can create cash crises even in profitable stores. Cuban parolee retailers — who often launch with personal savings and family investment — hit these cash walls within the first year and find traditional banks completely inaccessible. Bankable's revenue-based model solves this: we advance against your verifiable card sales and collect a daily percentage as you sell.
Retail Funding Products
- Inventory Financing: Purchase seasonal inventory, new product lines, or bulk merchandise. $25K-$2M based on your average monthly sales.
- Working Capital Advance: Cover rent, utilities, payroll, and marketing during slow periods. Repay from daily card sales.
- Store Expansion: Open a second location, expand your existing space, or add fixtures and displays.
- POS and Tech Upgrades: Finance modern POS systems, inventory management software, and e-commerce integration.
Venezuelan Parolee Retail Entrepreneurs
Venezuelan parolees — particularly those from Caracas and Maracaibo's merchant class — operated retail businesses under Venezuela's hyperinflationary environment, developing exceptional cash management skills. In the US, they're opening fashion boutiques, electronics stores, and specialty food shops in Houston, Miami, and New York. Their operational resilience is an asset. Bankable provides the capital that matches their ambition.
Frequently Asked Questions
Yes. Cuban parolees under the CHNV program with valid EADs and US retail revenue qualify for Bankable's inventory and working capital products. We review 3 months of business bank statements and your POS sales history.
Bankable advances funds to purchase inventory based on your average monthly sales. Repayment comes from a small daily percentage of your card sales as the inventory sells. You don't need to put up additional collateral beyond your revenue stream.
$15,000 per month in verifiable card sales (POS, Stripe, Square, PayPal). Stores doing $30,000-$100,000/month typically qualify for $50K-$300K in working capital or inventory financing.
Yes. Second location expansion is one of the most common uses of retail funding for parolee business owners. We evaluate the first location's revenue, your personal credit, and the market viability of the second location.
A small percentage (8-18%) of your daily card transactions is remitted directly to Bankable. On strong sales days, you repay more; on slow days, less. Total repayment equals your advance plus a fixed factor rate — no changing interest rates.
Yes. Venezuelan CHNV parolees with US retail businesses and verifiable sales qualify. Many Venezuelan entrepreneurs have strong retail backgrounds from operating businesses in Venezuela before emigrating.
Seasonal businesses qualify with adjusted underwriting that accounts for your peak and off-peak revenue cycles. We structure repayment aligned to your sales seasonality so payments are manageable during slow months.
No tax returns required for advances under $250,000. We use 3 months of business bank statements as primary revenue verification. For larger advances, we may request the most recent year's tax return.