Key Takeaways
- Revolving line of credit based on revenue — not immigration status
- Draw what you need, when you need it — pay interest on drawn balance only
- Replenishes as you repay — always available for the next business need
- No green card, no real estate, no SBA eligibility required
- 48-hour decision to establish your line — then it's yours
A business line of credit is the single most flexible financial tool available to a TPS business owner. Unlike a term loan that gives you a fixed lump sum, a line of credit is a revolving facility that you can draw on, repay, and draw on again — over and over, for any business purpose. Once established, it works like a business credit card without the card: funds are deposited directly to your business bank account within 24-48 hours of each draw request.
For TPS businesses that face variable capital needs — seasonal revenue swings, project-based cash flow gaps, unexpected opportunities — a line of credit provides the ultimate flexibility. You are only charged interest on the balance you actually have outstanding, not the total line amount.
Line of Credit vs. Working Capital Advance
| Factor | Line of Credit | Working Capital Advance |
|---|---|---|
| Structure | Revolving | One-time advance |
| Repayment | Minimum monthly payment | Daily percentage of revenue |
| Reuse | Yes — replenishes as you repay | No — reapply for next advance |
| Interest | Only on drawn balance | Factor rate on full advance |
| Maximum | $500,000 | $500,000 |
For most TPS businesses with ongoing, variable capital needs, a line of credit is preferable to a series of one-time advances. Check your Bankability Score to see if you qualify for a Bankable line of credit.
Frequently Asked Questions
Yes. Bankable provides revolving business lines of credit to TPS business owners based on revenue. No green card required.
Up to $500,000 depending on your business revenue. A business doing $60K/month can often access a $60K-$180K line.
Once established, call your Bankable advisor or use our online portal to request a draw. Draws are typically funded within 24-48 hours.
No. Interest is charged only on the outstanding drawn balance. An unused line has no interest cost.
Yes. As you repay drawn amounts, the available balance replenishes. A $100K line with $40K drawn has $60K available.
Typically 18-28% APR on drawn balances. Specific rates depend on revenue, time in business, and credit profile.
Typically $5,000-$10,000 per draw. Contact Bankable to confirm minimum draw requirements for your specific line.
Check your Bankability Score or call (786) 443-5511. You need 6 months of bank statements and your EIN and EAD.