Key Takeaways
- Revolving line of credit based on business revenue, not immigration status
- Draw only what you need — interest on outstanding balance only
- Replenishes as you repay — available again for next need
- No green card or SBA eligibility required
- 48-hour decision to establish your credit line
A working capital line of credit is the most flexible business financing tool available — a revolving credit facility that TPS business owners can draw on for any business purpose, repay as revenue allows, and draw again when the next need arises. Unlike a term loan (fixed lump sum repaid over time), a working capital line gives you access to capital without forcing you to borrow more than you need at any given moment. You pay interest only on what you have drawn.
For TPS businesses with variable capital needs — seasonal businesses, project-based businesses, businesses with variable client payment timing — a working capital line is often more valuable than a fixed term loan. You establish the line once, and it is available whenever you need it.
How a Working Capital Line Works for TPS Businesses
- Bankable evaluates your business revenue and establishes a credit limit (e.g., $150,000)
- You draw on the line as needed — $20,000 for payroll gap, $35,000 for a materials purchase, etc.
- You repay from revenue (weekly or monthly minimum payments)
- As you repay, the available balance on your line replenishes
- The line is available for the next need — without reapplying
Best Uses for a TPS Working Capital Line
- Payroll bridge: Cover payroll in weeks when client payments are delayed
- Materials purchases: Buy materials for jobs before client deposits arrive
- Seasonal preparation: Stock inventory or hire crew before the peak season
- Opportunity capital: Move quickly on an unexpected contract opportunity or inventory purchase
Frequently Asked Questions
Yes. Bankable establishes revolving working capital lines for TPS business owners based on revenue. No green card required.
A line of credit is revolving — you draw, repay, and draw again. A term loan is a fixed lump sum repaid over a set period. Lines of credit are more flexible; term loans are better for specific large purchases.
Up to $500,000 depending on your business revenue. A business doing $60K/month can often qualify for a $60K-$180K line of credit.
Once established, you can draw by calling your Bankable advisor or through our online portal. Draws are typically funded in 24-48 hours.
No. You pay interest only on the outstanding drawn balance. If you have a $150K line and have drawn $40K, you pay interest only on the $40K.
Lines for TPS businesses typically carry 18-28% APR on the drawn balance. Specific rates depend on your revenue, time in business, and credit profile.
As often as you need. Most lines allow multiple draws per month. There is typically a minimum draw amount (often $5,000).
Check your Bankability Score or call (786) 443-5511. You need 6 months of business bank statements and your EIN.