Key Takeaways
- Minneapolis-St. Paul has the largest Somali community in the US — many are AOS applicants who own businesses in transportation, food, and retail
- Rochester's Mayo Clinic ecosystem has Indian and Filipino AOS-holding physicians and healthcare professionals who own practices
- Twin Cities' United Health Group and healthcare sector employ thousands of H-1B-to-AOS workers with business ownership
- Bankable funds Minnesota AOS businesses from $25K to $5M based on business revenue
- Minnesota AOS business owners lost SBA access March 1, 2026 — Bankable provides revenue-based funding as an alternative
Minnesota AOS business owners have built real enterprises while waiting for a green card that may be years away. Whether you came through an H-1B, a family petition, or another path, your Employment Authorization Document gives you full work authorization — and Bankable gives you access to the capital your business needs to grow. The March 2026 SBA closure removed a critical option for Minnesota AOS entrepreneurs. Bankable replaces it with revenue-based funding that moves in 48 hours.
Who Bankable Serves in Minnesota
Any Minnesota AOS holder with a valid EAD and a business generating at least $25K in average monthly revenue qualifies for evaluation. Bankable funds businesses across healthcare, transportation, restaurants, technology, and professional services. Your specific AOS pathway does not affect your eligibility. Your business revenue does.
How to Apply
Start by checking your Bankability Score. You'll need 3–6 months of business bank statements, your current EAD, and basic business documents. Decisions arrive within 48 hours. If you were considering SBA options, our SBA 7(a) guide explains the March 2026 AOS restriction and why Bankable is the essential private alternative for Minnesota business owners.
Funding Products for Minnesota AOS Businesses
Revenue-Based Funding
Draw $25K–$5M against your Minnesota business revenue. Repay as a percentage of daily receipts — no fixed payment pressure.
Apply Now →Business Line of Credit
Revolving credit for Minnesota AOS businesses managing payroll, inventory, or growth expenses.
Apply Now →Equipment Financing
Finance equipment for your Minnesota business — equipment serves as collateral regardless of immigration status.
Apply Now →Frequently Asked Questions
Yes. Minnesota AOS holders with a valid Employment Authorization Document can access business funding from Bankable. We evaluate your business on monthly revenue — immigration status is not a criterion.
No. The March 1, 2026 SBA rule formally excluded all AOS applicants from SBA 7(a) and 504 programs. Bankable is a private revenue-based lender not subject to this restriction.
Bankable funds AOS-owned businesses across healthcare, transportation, restaurants, technology, and professional services. No industry restriction applies to AOS holders — only revenue requirements apply.
Up to $5M based on monthly revenue. The actual amount depends on your business's average monthly revenue over the past 3–6 months.
You need 3–6 months of business bank statements, your current EAD card, a valid government-issued ID, and basic business formation documents. No USCIS case documents are required.
Decisions arrive within 48 hours of complete documentation. Funding is typically disbursed within 3–5 business days after approval.
No. Bankable does not require a green card or permanent resident status. A valid EAD and qualifying business revenue are sufficient.
Yes. Equipment financing is available for AOS-owned businesses. The equipment serves as collateral, making approval easier regardless of immigration status.