Key Takeaways
- TPS holders with EADs and EINs qualify for revenue-based funding up to $5M
- SBA loans now bar TPS holders — Bankable is the proven alternative
- 48-hour approval decisions based on your construction revenue, not visa status
- Salvadoran and Honduran contractors dominate Mid-Atlantic construction — Bankable knows this industry
- Equipment financing, working capital, and bonding support available
Walk through any major construction project in Northern Virginia, suburban Maryland, or the DC metro area and you will find Salvadoran TPS holders doing the work — framing, drywall, roofing, tile, concrete. The same pattern repeats in Houston, Dallas, and the Los Angeles basin. Salvadoran TPS holders received their status in 2001 following a series of devastating earthquakes, and in the 25 years since, they have built not just homes and office buildings but entire construction subcontracting industries. Many now run companies with $500K to $2M in annual revenue, multiple crews, and significant equipment fleets.
Honduras TPS holders, who have had protected status since 1999 after Hurricane Mitch, followed a similar trajectory through Florida, New York, and the Carolinas. These are entrepreneurs who have paid taxes for two decades, built their business credit, and now face an absurd policy wall: the SBA's 2026 rule requiring 100% US citizen or national ownership has effectively shut the door on SBA 7(a) loans for every TPS construction contractor in America.
The Economics of TPS Construction Businesses
A typical Salvadoran-owned construction subcontractor in Northern Virginia operates with 8-20 field workers, gross revenue of $600K to $1.8M annually, and thin but real margins of 12-18% after labor and materials. Cash flow is the perennial challenge: general contractors pay on net-30 or net-60 terms while subcontractors must pay workers weekly and suppliers on delivery. The gap between invoice and payment is where businesses fail — or where the right capital partner makes the difference.
TPS construction business owners typically have:
- An active EAD (Employment Authorization Document) with SSN
- An EIN registered with the IRS
- A US business bank account with 12-24 months of statements
- Established relationships with general contractors and suppliers
- US-born children and deep community roots
None of that matters to an SBA lender post-2026. It matters enormously to Bankable.
What Bankable Funds for TPS Construction Contractors
Bankable evaluates your construction business on the metrics that actually predict repayment: revenue consistency, contract pipeline, accounts receivable aging, and equipment value. We do not require a green card, citizenship, or SBA eligibility. Our products for TPS construction businesses include:
- Working capital lines: $50K-$500K to bridge the gap between invoice and payment from your general contractor
- Equipment financing: Fund excavators, loaders, trucks, scaffolding, and specialty tools. The equipment serves as collateral
- Contract mobilization capital: Cash to hire crews, purchase materials, and mobilize for new projects before the first draw
- Revenue-based financing: Repay as a percentage of monthly revenue — payments flex with your business cycle
- Growth capital: $250K-$2M for acquiring subcontracting businesses, expanding into new trades, or pursuing larger prime contracts
The SBA 2026 Barrier — and What Comes Next
The SBA's updated eligibility rules, effective in 2026, require that 100% of a business's ownership be composed of US citizens or nationals to qualify for the SBA 7(a) loan program. TPS holders are neither citizens nor nationals — they are authorized to work and reside in the US, but their status is formally "temporary" regardless of how many decades they have maintained it. This rule change eliminates one of the primary low-cost loan programs that construction businesses have historically used for equipment and growth capital.
For context: a Salvadoran TPS holder who received status in 2001 and has been renewing it for 25 years, who has paid US taxes since 2001, who has US-born children, who employs 15 American workers — that person cannot get an SBA loan. Learn more about SBA alternatives for TPS holders in 2026.
How to Apply
The Bankable application takes under 5 minutes. You will need: your EIN, 6 months of business bank statements, and a description of your business and funding need. We do not require tax returns for amounts under $250K. Decisions in 48 hours. Funding in as few as 3 business days after approval.
Check your Bankability Score to see your personalized options, or call us directly at (786) 443-5511 to speak with a funding advisor who understands TPS construction businesses.
Frequently Asked Questions
Yes. Bankable provides revenue-based funding to TPS holders without requiring a green card or SBA eligibility. You qualify based on your construction revenue, bank statements, and business history — not your immigration status.
You need your EIN, 6 months of business bank statements, and your current EAD. For amounts over $250K we may request tax returns. No green card, citizenship certificate, or immigration attorney involvement required.
Bankable funds TPS construction businesses from $25K up to $5M depending on your annual revenue. Most construction subcontractors qualify for 1-2x their average monthly revenue as a working capital line, and up to the value of equipment for equipment financing.
Yes, severely. The SBA now requires 100% US citizen or national ownership, which disqualifies all TPS holders. Bankable is a non-SBA alternative that funds based on revenue. See our guide on SBA alternatives for TPS holders.
Bankable makes decisions within 48 hours of receiving a complete application. Funding is typically delivered 3-5 business days after approval via ACH directly to your business bank account.
Yes. Equipment financing is one of our most popular products for TPS construction contractors. The equipment itself serves as collateral, which means lower rates and larger amounts than unsecured working capital.
Active TPS with a pending renewal is acceptable. We work with your current EAD validity date and your business revenue history. A renewal in process does not disqualify your application.
Yes. Bankable actively funds TPS construction businesses throughout the DC metro area including Northern Virginia, suburban Maryland, and Washington DC. We understand the subcontracting ecosystem in this region deeply.
Rates vary based on revenue, time in business, and loan type. Equipment financing typically runs 8-15% APR. Working capital lines run 12-24% APR. Revenue-based financing is priced as a factor rate of 1.15-1.45x. We show you all options with full transparency before you commit.
Startups are harder to fund. We typically require 6 months in business with documented revenue. If you have been operating informally and are now formalizing, we can discuss bridge options. The stronger your bank statement history, the better your options.