Key Takeaways
- TPS owner-operators and fleet owners qualify based on freight revenue, not immigration status
- Commercial truck financing available — the truck serves as collateral
- Factoring and working capital bridge the gap between delivery and broker payment
- No green card, CDL endorsement issues, or SBA eligibility required
- Decisions in 48 hours — move fast on truck purchases and contract opportunities
The US trucking industry depends on immigrant entrepreneurship, and TPS holders are a significant part of that story. Salvadoran, Honduran, and Venezuelan TPS holders operate owner-operator businesses and small trucking fleets across Texas, California, Florida, and the Mid-Atlantic. Many entered trucking as company drivers, saved for a commercial truck, and built their own authority over years of careful financial management. They have clean safety records, established broker relationships, and consistent freight revenue — and they cannot get an SBA loan because of their visa status.
Bankable funds TPS trucking businesses based on what actually matters: your freight revenue, your payment history from brokers, your safety record, and the value of your equipment. The 2026 SBA rule change is a barrier we help you route around entirely.
What TPS Truckers Need Capital For
- Commercial truck purchase: Finance Class 8 semis, day cabs, refrigerated units, flatbeds, and box trucks. The truck serves as collateral.
- Working capital: Fuel, insurance, repairs, and permit costs while waiting for broker payment on net-30 terms
- Fleet expansion: Add a second or third truck, hire additional drivers, and grow your authority
- Factoring advances: Access immediate cash against your outstanding freight invoices
- Owner-operator startup: Fund your first truck and the costs of establishing your own authority
The Broker Payment Gap
One of trucking's persistent cash flow challenges is the gap between delivery and broker payment. You deliver a load on Monday; the broker pays net-15 to net-45. Meanwhile, your diesel costs $1,800 to fill the tank, your insurance renewal hits, and a tire blows. Bankable's working capital line or invoice factoring advance gives TPS truckers the liquidity to keep rolling without burning through their reserves. Learn about working capital lines for TPS businesses.
Frequently Asked Questions
Yes. Bankable provides commercial truck financing to TPS holders with active EADs. The truck serves as collateral. No green card required.
You need a valid CDL to operate the vehicle, but TPS status does not affect your CDL eligibility in most states. Bankable evaluates your freight revenue and the truck's value, not your immigration status.
Class 8 semis, day cabs, sleeper cabs, refrigerated trailers (reefers), flatbeds, step decks, box trucks, and cargo vans. Any commercial vehicle used for freight.
Equipment financing typically requires 10-20% down. A $120,000 truck may require $12,000-$24,000 down. Working capital products require no down payment.
We typically require $15,000+ in monthly gross freight revenue. Owner-operators averaging $20,000-$40,000/month have strong qualification profiles.
Yes. Invoice factoring advances cash against your outstanding broker invoices without a loan structure. TPS status does not affect factoring eligibility.
Yes. Texas — particularly Houston and Dallas — has a large TPS trucking community. Bankable actively funds TPS truckers throughout Texas.
A past repossession makes approval harder but not impossible. Strong current revenue and a clear explanation of circumstances are key. Contact us to discuss your specific situation.