Revenue-Based Funding Explained for VAWA Petitioners

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Key Takeaways

Revenue-based financing is the most VAWA-friendly funding structure that exists. Here is why: it requires no collateral, no personal guarantee on amounts under $150,000, no citizenship, and no immigration status beyond work authorization. The only thing it requires is documented business revenue — the one thing VAWA self-petitioners with established businesses have in abundance.

How Revenue-Based Financing Works

Step 1 — Advance: Bankable advances a lump sum to your business bank account. The advance amount is based on your monthly revenue — typically 1 to 1.5 times your average monthly gross revenue.

Step 2 — Repayment Percentage: You agree to repay a fixed percentage of your monthly revenue until the advance plus a flat fee is fully repaid. If your monthly revenue is $20,000 and the repayment percentage is 8%, you pay $1,600/month.

Step 3 — Flexible Payments: If your revenue increases to $30,000, your payment increases to $2,400. If revenue drops to $10,000, your payment decreases to $800. No fixed monthly minimum that ignores your cash flow reality.

Step 4 — Full Repayment: Once you have paid the advance plus the flat factor fee, the obligation is complete. No lingering interest that compounds indefinitely.

Example Calculation

FactorExample
Advance Amount$50,000
Factor Rate1.25
Total Repayment$62,500
Monthly Revenue$30,000
Repayment %8%
Monthly Payment$2,400
Estimated Payoff~26 months

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1–1.5x Revenue
Advance Amount
Flex Payments
Match Revenue
No Equity
Dilution
EAD OK
Status

Frequently Asked Questions

Do I need a green card to qualify for Bankable funding?

No. Bankable does not require a green card, US citizenship, or permanent residency. A valid Employment Authorization Document (EAD), business EIN, and 4 months of documented business revenue are the primary requirements.

How fast is Bankable's approval process?

Bankable issues funding decisions within 48 hours of a complete application. Funds reach your business bank account within 3 to 7 business days of approval.

Will applying for business funding affect my immigration petition?

No. Business financing is a lawful commercial activity. Bankable does not report to USCIS or any immigration agency. Your petition and your business financing are entirely separate matters.

What is the difference between RBF and a merchant cash advance?

Merchant cash advances (MCAs) purchase future receivables at a discount, often with very high effective APRs (40–150%). Bankable's RBF is structured as a commercial loan with a transparent factor rate and defined repayment terms. We are a lender, not a receivables purchaser. Factor rates and total repayment amounts are disclosed upfront.

Does RBF require personal collateral?

Bankable's standard RBF up to $150,000 does not require real estate collateral or personal guarantee of personal assets. A general business lien is standard. Above $150,000, a personal guarantee may be required — your loan offer will specify the exact terms.

What is a factor rate and how is it different from interest?

A factor rate (e.g., 1.25) is a multiplier applied to your advance amount to determine the total repayment. It is not an APR. A factor rate of 1.25 on a $50,000 advance means total repayment of $62,500. Unlike interest, the factor fee does not compound — the total amount is fixed from the beginning.

Can I pay off my RBF early?

Yes. Early payoff of revenue-based financing is generally permitted without penalty. Contact Bankable for your current payoff amount. Note that some factor rate structures front-load the fee — confirm your payoff terms when reviewing your loan agreement.

How does Bankable calculate my advance amount?

We typically advance 1 to 1.5 times your average monthly gross revenue over the trailing 4–6 months. A business with $25,000/month in average revenue typically qualifies for a $25,000–$37,500 advance on a first advance. Larger amounts available as your repayment history builds.

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