Key Takeaways
- Equipment financing is the most accessible loan type for T visa holders — assets are the collateral
- No green card required — SSN and business entity are sufficient
- Finance any business-use equipment from $10K to $1M
- Equipment loans have higher approval rates than unsecured working capital
- Bankable approves equipment financing in 48 hours — funds in 5-10 days
Equipment financing without a green card is not just possible — it's one of the most accessible forms of business capital available to T visa holders. The reason is simple: the equipment serves as collateral, which reduces lender risk and makes approval significantly easier than unsecured working capital loans. This page covers everything you need to know.
Why Equipment Financing is the Best Starting Point
If you're a T visa entrepreneur applying for your first business loan, equipment financing is the strategic entry point. The collateral structure means:
- Higher approval rates (78% vs. 65% for working capital)
- Lower interest rates than unsecured products
- Larger loan amounts relative to your revenue
- Longer repayment terms (3-7 years vs. 6-24 months)
Equipment Categories Available
- Commercial Vehicles: Delivery vans, service trucks, box trucks, refrigerated vehicles, and tractor-trailers
- Medical Equipment: Imaging systems, dental chairs, surgical equipment, diagnostic devices
- Food Service: Commercial ovens, refrigerators, POS systems, food truck buildouts
- Construction: Excavators, cranes, forklifts, aerial lifts, and compaction equipment
- Manufacturing: CNC machines, laser cutters, 3D printers, and assembly systems
- Technology: Servers, workstations, networking, and specialized computing hardware
- Beauty & Salon: Salon chairs, stations, HVAC systems, and sterilization equipment
The Application Process
Apply in 5 minutes at bankablefunds.com. Provide your T visa SSN, business EIN, 6 months of bank statements, and the equipment invoice or quote from the vendor. Bankable approves in 48 hours and pays the vendor directly within 5-10 days. You take possession of the equipment and begin making revenue with it immediately.
Frequently Asked Questions
Yes. Equipment financing is based on the value of the equipment and your business revenue — not your immigration status. A valid SSN, US business entity, and documented business revenue are the primary requirements.
You need: T visa with SSN, business EIN documentation, 6 months of business bank statements, a voided business check, and the equipment invoice or vendor quote. No tax returns required for equipment loans under $150K.
Most equipment financing requires 10-20% down payment. High-quality new equipment with strong resale value may qualify for 0% down. Used equipment typically requires a larger down payment (20-30%).
No. Bankable finances both new and used equipment. Used equipment in documented good condition can be financed with an appraisal or market value documentation. Rates may be slightly higher for used equipment.
Yes. Equipment financing is more accessible than working capital for newer businesses because the asset provides security. A newer business with 3+ months of revenue and a clear equipment purpose can often access equipment financing before they qualify for working capital loans.
Contact Bankable immediately at the first sign of payment difficulty. Equipment loans, like mortgages, have a collateral structure — in default scenarios, the lender can recover the equipment. Early communication leads to better outcomes.
Equipment must be used primarily in US-based business operations to qualify for Bankable financing. Vehicles and equipment that cross borders for international operations may require specialized financing structures.
Yes. Many T visa entrepreneurs hold both an equipment loan and a working capital line simultaneously. Total debt service is evaluated against your revenue to ensure you can comfortably service both.