Key Takeaways
- Bankable does NOT require a green card for business funding
- An active EAD (Employment Authorization Document) is sufficient
- Revenue, bank statements, and EIN are the primary qualification factors
- TPS holders from all designated countries qualify equally
- 48-hour decisions — your immigration status is not the barrier
No. Bankable does not require a green card, permanent residency, or US citizenship to fund your business. This is one of our most fundamental principles: we evaluate businesses on their revenue, not their owners' immigration status. A TPS holder who has been building a business for 20 years and generates $500,000 in annual revenue is a more qualified borrower than a US citizen with a brand-new business and no revenue — and we treat them accordingly.
Here is exactly what Bankable requires from TPS business owners:
| Requirement | Details |
|---|---|
| EIN | Employer Identification Number from the IRS — available to all, including TPS holders |
| EAD | Current Employment Authorization Document confirming work authorization |
| Business Bank Account | Dedicated business account (not personal account) |
| Bank Statements | 6 months of business bank statements |
| Business Revenue | Minimum varies by product — typically $10,000-$25,000/month |
What Bankable Does NOT Require
- Green card (Form I-551)
- US citizenship or passport
- SBA eligibility
- Real estate collateral (for most products)
- Tax returns for amounts under $250K
- Immigration attorney involvement
- Specific TPS country of origin (all TPS countries qualify equally)
Check your Bankability Score to see your personalized funding options, or call (786) 443-5511 to speak with a funding advisor who understands TPS businesses.
Frequently Asked Questions
No. Bankable does not require a green card. An active EAD and EIN are sufficient for identity and work authorization verification.
Your current EAD (Employment Authorization Document). That is the only immigration document we require. We do not require a passport, visa stamp, I-94, or any other immigration document.
A pending renewal with documentation of the pending status is acceptable. We work with your current EAD validity and your business revenue history.
You provide your EAD for identity verification. We do not ask you to disclose your specific immigration category beyond confirming you have valid work authorization.
Yes. All TPS-designated countries qualify equally at Bankable: El Salvador, Honduras, Guatemala, Haiti, Ukraine, Venezuela, Syria, Somalia, Myanmar, Ethiopia, Yemen, and all other TPS-designated countries.
A green card (I-551) grants permanent resident status. An EAD grants temporary work authorization. Bankable accepts either — permanent residents and TPS holders both qualify.
Yes. If you have an active EAD from a pending adjustment of status, you qualify for Bankable products. The pending green card actually indicates a pathway to permanence, which can strengthen your application.
Yes. Your SSN issued in connection with your EAD is fully valid for Bankable's application. No distinction is made between SSNs issued with or without work authorization restrictions.