Key Takeaways
- Bankable is the fastest and largest TPS business funder in the private market
- CDFIs offer mission-driven smaller amounts with more flexible criteria
- Equipment financing is universally accessible to TPS holders
- Invoice factoring requires no immigration documentation at all
- Compare all options — Bankable's 48-hour decision beats every alternative
TPS entrepreneurs in 2026 have more funding options than it might appear after the SBA's rule change — but navigating the landscape requires understanding what each option offers and where each falls short. This guide ranks and compares your best options.
Option 1: Bankable — Best Overall for TPS Businesses
| Factor | Bankable Details |
|---|---|
| Amount | $25,000 to $5,000,000 |
| Decision Time | 48 hours |
| Green Card Required | No |
| Revenue Required | $10,000-$25,000/month minimum |
| Products | Working capital, equipment financing, revenue-based advance, business line of credit |
| Best For | Established TPS businesses with 6+ months of documented revenue |
Option 2: Community Development Financial Institutions (CDFIs)
| Factor | CDFI Details |
|---|---|
| Amount | $5,000 to $250,000 |
| Decision Time | 2-8 weeks |
| Green Card Required | Often no — mission-driven |
| Best For | Early-stage TPS businesses, startups, lower revenue operations |
Option 3: Equipment Financing Specialists
| Factor | Equipment Financing Details |
|---|---|
| Amount | $10,000 to $2,000,000 |
| Decision Time | 2-5 days |
| Green Card Required | No — equipment is collateral |
| Best For | Construction, trucking, manufacturing, healthcare TPS businesses with equipment needs |
Option 4: Invoice Factoring
| Factor | Factoring Details |
|---|---|
| Amount | Up to 95% of invoice value |
| Decision Time | 24-48 hours |
| Green Card Required | No |
| Best For | B2B TPS businesses with outstanding invoices from creditworthy clients |
Ready to check your specific options? Start with your Bankability Score.
Frequently Asked Questions
Bankable is the best overall option: largest amounts ($5M), fastest decisions (48 hours), no green card required, and broad product range covering all industries.
CDFIs are mission-driven nonprofits with smaller amounts and slower processes but often more flexible criteria for early-stage businesses. Bankable handles established businesses with revenue; CDFIs often help earlier-stage entrepreneurs.
Yes. Using a CDFI for initial startup capital and then transitioning to Bankable as your revenue grows is a common strategy.
Yes. Equipment financing uses the equipment as collateral, reducing lender risk and making approval more accessible regardless of immigration status.
Business credit cards from major issuers typically require an EIN but not citizenship. A business credit card ($5K-$50K limit) is a useful complement to Bankable working capital for smaller, everyday needs.
Potentially yes. TPS holders who own real estate can access home equity through some lenders. Policies vary by lender — mortgage lenders have their own eligibility standards separate from SBA rules.
Bankable (48-hour decision, 3-5 days to fund) or invoice factoring (24-48 hours to advance against an invoice).
Some nonprofit organizations and foundations have grant programs for immigrant entrepreneurs. Grants are small (typically $1,000-$25,000) and highly competitive. Bankable funding is faster, larger, and more reliable for operational capital needs.