Key Takeaways
- SBA loan rejection due to TN visa status is now universal — it's not you, it's the March 2026 policy
- Bankable provides revenue-based capital with no immigration status requirement
- Your business revenue is the only qualification factor that matters to Bankable
- 48-hour decisions — often faster than the SBA rejection letter took to arrive
- Up to $5M available for TN-owned businesses with proven revenue
If your SBA loan application was rejected because of your TN visa status, you are not alone — and you are not at fault. The March 2026 SBA policy change disqualified all TN visa holders from SBA 7(a) and 504 loan programs, regardless of credit score, business revenue, or years in operation. This policy change affected thousands of Canadian and Mexican TN professionals who had built strong, bankable businesses over 5-15 years in the United States.
Why Your SBA Application Was Rejected
Effective March 1, 2026, the SBA updated its Standard Operating Procedure (SOP 50 10 7) to require lawful permanent resident status or US citizenship for all principals owning 20% or more of the borrowing entity. TN visa holders — despite being legally authorized to work and operate businesses in the US under USMCA — do not meet this requirement. The rejection has nothing to do with your creditworthiness, business performance, or character.
This means that even TN holders with: 800+ credit scores, $2M+ in annual revenue, 10 years of US business history, zero delinquencies, and strong collateral — are automatically disqualified from SBA lending. Bankable's model has no such requirement.
What Bankable Does Differently
Bankable is a revenue-based capital facilitator that evaluates your business's cash flow performance, not your immigration status. Our underwriting model uses: trailing 12 months of business bank statements, business revenue trends (growth, stability, seasonality), business age and industry, personal credit score (as one of many factors), and debt service coverage ratio.
There is no box on Bankable's application that asks for your visa status, green card, or citizenship. Your TN visa is not a disqualifying factor in any part of our process.
Check your Bankability Score to see exactly what Bankable can offer based on your business's revenue.
Bankable vs. SBA: An Honest Comparison
SBA 7(a) loans offer: 10-year terms, prime+2-3% interest, up to $5M, but require citizenship/LPR and take 60-120 days. Bankable offers: 12-60 month terms, competitive revenue-based pricing, up to $5M, no immigration requirement, and 48-hour decisions. For TN holders, Bankable is the functional equivalent of the SBA product — with faster execution and no immigration barrier.
Explore all Bankable's capital products available to TN holders.
What To Do After an SBA Rejection
Step 1: Collect your SBA rejection letter and note the stated reason. Step 2: Check your Bankability Score at bankablefunds.com — this takes 3 minutes and costs nothing. Step 3: Submit your 12 months of bank statements through Bankable's secure portal. Step 4: Receive your funding decision within 48 hours. Step 5: Receive capital within 5-7 business days. Many TN holders who were rejected by SBA on Monday have Bankable capital in their accounts by the following Thursday.