Key Takeaways
- Equipment financing is more accessible than unsecured loans because the asset reduces lender risk
- Bankable funds $10K to $500K in equipment for U visa holders — no green card required
- Restaurant equipment, vehicles, construction machinery, and industrial tools all qualify
- Equipment financing is often faster than other loan types — 24-48 hour decisions
- SBA equipment loans are blocked; Bankable's private equipment financing fills the gap
Equipment financing occupies a unique position in the U visa business funding landscape because the asset being financed serves as its own collateral. When a lender holds a security interest in a $100,000 commercial oven, a $150,000 excavator, or a $75,000 refrigerated truck, the immigration status of the borrower matters less than the value and income-generating capacity of the equipment itself. This makes equipment financing one of the most accessible forms of capital for U visa holders — and it is available from Bankable without any green card or permanent residency requirement.
How Equipment Financing Works for U Visa Holders
The process at Bankable is streamlined:
- Identify the equipment you need — restaurant equipment, vehicle, construction machinery, etc.
- Get a vendor quote or auction listing for the equipment
- Submit to Bankable: EAD, EIN, 3 months of business bank statements, equipment quote/specs
- Bankable evaluates equipment value + your revenue capacity
- Decision within 24-48 hours; funding within 3-5 business days
- Equipment delivers; repayment begins as a percentage of daily revenue or fixed daily payment
Equipment Types Bankable Finances for U Visa Holders
| Business Type | Equipment Examples | Typical Amount |
|---|---|---|
| Restaurant | Commercial ovens, walk-ins, hoods, POS systems | $15K–$150K |
| Landscaping | Zero-turn mowers, trailers, irrigation equipment | $10K–$75K |
| Construction | Skid steers, concrete mixers, lifts, scaffolding | $25K–$300K |
| Trucking / Transport | Box trucks, flatbeds, refrigerated vans | $30K–$200K |
| Cleaning / Laundry | Industrial washers, floor scrubbers, steam cleaners | $10K–$50K |
| Medical / Dental | Exam chairs, diagnostic equipment, sterilizers | $20K–$200K |
Apply at Bankable's Bankability Score. Also see our use-case page on equipment financing for U visa businesses.
Frequently Asked Questions
Because the equipment serves as collateral. If you default, the lender can repossess the equipment and recoup its value. This reduced risk allows lenders to approve borrowers who would not qualify for unsecured loans.
Yes. Used equipment in good working condition is eligible. For used equipment above $25K, Bankable typically requires an independent inspection or dealer verification.
Typically 10-20% of the equipment cost. For established businesses with strong revenue, 0% down is sometimes available.
Yes. Bankable can purchase equipment you already own at fair market value and lease it back to you — providing immediate cash while keeping the equipment in service.
Equipment financing does not include maintenance coverage. You are responsible for maintaining the equipment. We strongly recommend comprehensive insurance and a maintenance contract for expensive equipment.
Yes. Commercial vehicles — box trucks, flatbeds, pickup trucks, refrigerated vans — are among the most commonly financed assets for U visa holder businesses.
Yes, for amounts under $100K. Above $100K, we prefer dealer sales or auction purchases with documented provenance. Private seller equipment above $100K requires an independent appraisal.
Equipment financing is asset-backed and demonstrates responsible capital use. Timely repayment of equipment financing improves your business credit profile and increases your qualifying amount for future Bankable advances.