Key Takeaways
- Your first location's revenue qualifies you for second location expansion
- Restaurant, retail, salon, and service business second locations all fundable
- Bankable funds expansion based on proven revenue — not immigration status
- No green card or SBA eligibility required
- 48-hour decisions — move fast on your next location opportunity
For many TPS entrepreneurs, opening a second location is the defining moment of their business journey — the validation that what they built is not just a living, but a real business that can scale. A pupuseria owner in Northern Virginia with a packed dining room every weekend, a cleaning company owner in Houston with more commercial contracts than one crew can handle, a salon owner in Miami turning away clients — these are the signals that it is time for a second location. Bankable funds second locations based on your first location's revenue. Your immigration status does not enter the conversation.
What Second Location Financing Covers
- Lease deposit and first months: Commercial leases typically require 2-3 months deposit plus first month's rent
- Buildout and renovation: Converting the new space to match your concept and meet code requirements
- Equipment: Duplicating the equipment that powers your first location
- Initial inventory: Stocking the new location to open with full capacity
- Staffing: Hiring and training the team for the new location during the pre-opening period
- Marketing: Announcing the new location to drive traffic in its first months
How Bankable Evaluates Second Location Expansion
We look at your first location's last 12 months of revenue, your EBITDA margin, your management depth (do you have someone who can run the first location while you stand up the second?), and the market opportunity for the new location. We also consider your lease terms and the total capital requirement. Strong first-location operators with 12+ months of history and positive cash flow are our strongest applicants for expansion capital.
Frequently Asked Questions
Yes. Bankable provides expansion financing to TPS entrepreneurs based on their first location's revenue. No green card required.
We typically require 12 months of operating history at your first location. Stronger revenue history (18-24 months) supports larger expansion amounts.
Typically $50K-$1M depending on your first location's revenue and the expansion's capital requirements. A restaurant doing $80K/month can often access $200K-$400K for a second location.
Yes. Restaurant second locations are one of our most common expansion funding uses. Strong first-location revenue is the primary qualification.
Geographic expansion is fundable based on your first location's revenue and a solid business plan for the new market.
No. Lease-based second locations are fully fundable. Real estate ownership is not required.
In some cases, yes. Unencumbered equipment from your first location can serve as additional collateral to support expansion financing.
48-hour decision. 3-5 business days from approval to deposit.