Key Takeaways
- Thousands of Haitian American entrepreneurs on TPS are blocked from SBA loans after March 2026
- Haitian American businesses concentrate in South Florida, New York, and Massachusetts—all strong Bankable markets
- Construction, transportation, healthcare aides, and food service are primary Haitian American business sectors
- Bankable provides capital based on US business revenue—TPS status, visa type, and citizenship are not evaluated
- Haitian-focused CDFIs and community organizations partner with Bankable to serve this underserved community
The Haitian American business community is concentrated primarily in South Florida (Miami, Fort Lauderdale, Palm Beach County), New York (Brooklyn, Queens), Massachusetts (Boston area), and New Jersey. Haitian American entrepreneurs have built businesses in construction, transportation, healthcare, beauty services, and food service—contributing significantly to local economies.
A large portion of Haitian Americans in the US are on Temporary Protected Status (TPS), which has been extended multiple times due to ongoing conditions in Haiti. The March 2026 SBA rule change affects all TPS holders—blocking them from SBA loans regardless of how long they have been in the US or how established their businesses are.
Bankable serves Haitian American business owners the same way we serve all non-citizen entrepreneurs: based entirely on business revenue performance, with no citizenship checks and no immigration paperwork.
SBA vs. Alternatives: 2026 Comparison
| Option | Citizenship | Max | Decision | Availability |
|---|---|---|---|---|
| SBA 7(a) | 100% required | $5M | 30-90 days | Blocked for non-citizens |
| CDFIs | No | $250K | 2-4 weeks | Open, limited capacity |
| Bankable | No requirement | $5M | 48 hours | Fully open, 92% approval |
Haitian American Business Sectors Served by Bankable
- Construction and Home Improvement: Haitian American entrepreneurs are significant players in South Florida and New York construction markets
- Transportation and Rideshare: Taxi companies, rideshare drivers with their own vehicles, and small trucking operations
- Beauty Salons and Barbershops: Hair salons, braiding salons, and personal care businesses are major Haitian American sectors
- Food Service and Catering: Haitian restaurants, catering companies, and food service businesses
- Healthcare Support: Home health aides operating businesses, elder care companies, and healthcare staffing
Community Resources for Haitian American Business Owners
- Haitian-American Chamber of Commerce of Florida: Business networking and advocacy for South Florida Haitian entrepreneurs
- Branches Miami: South Florida CDFI specifically serving underserved entrepreneurs including Haitian Americans
- Accion Opportunity Fund: National CDFI providing loans up to $250K without citizenship requirements
- CAMACOL (Latin Chamber of Commerce): Serves Miami's multilingual business community including Haitian entrepreneurs
Haitian American entrepreneurs: Bankable sees your business, not your visa status. Check your score today.
TPS status doesn't define your business's potential. Bankable funds based on your revenue—and Haitian American businesses have strong revenue stories to tell. Apply in 5 minutes.
Frequently Asked Questions
Yes. TPS status is not US citizenship, so Haitian Americans on TPS are now excluded from all SBA loan programs. Bankable has no TPS restriction—qualifying businesses can access $25K-$5M based on revenue.
The Haitian-American Chamber of Commerce of Florida, COFED (Congress of Haitian American Business Organizations), and Branches Miami all provide resources. Bankable serves all qualifying businesses directly.
Yes. Hair salons with $150K+ annual revenue and 12+ months in business qualify for Bankable's funding. Beauty services are one of the primary Haitian American business sectors fully served by Bankable.
Bankable is available nationwide through its online application at bankablefunds.com/bankability-score/. Miami-based Haitian American businesses are fully served by our digital application and funding process.
Contact Bankable at (786) 443-5511 to discuss language support options. Our application is available in English, and we work to serve all communities effectively.
Yes. Construction companies with $150K+ revenue qualify for Bankable's funding, which can be used for equipment. Haitian American-owned construction businesses in Florida and New York regularly qualify.
Bankable's repayment is tied to business revenue, not immigration status. Your repayment obligations continue as long as your business continues operating. Contact Bankable immediately if your immigration status changes significantly.
Yes. Kiva US provides zero-interest microloans up to $15K for startups. Accion Opportunity Fund serves early-stage businesses. Branches Miami (South Florida) provides CDFI microloans for underserved entrepreneurs including Haitians.
Yes. Bankable serves businesses nationwide. Brooklyn and Queens—major centers for the Haitian American business community—are fully served by Bankable's online application and funding process.
Bankable requires $150K+ in annual revenue ($12,500+/month average) and 12+ months of US business history. Many Haitian American construction, salon, food service, and transportation businesses meet this threshold.