Key Takeaways
- Minimum $15,000/month in business revenue is the primary qualification for Bankable Funds
- 6 months minimum time in business; 12+ months preferred for larger funding amounts
- EIN (not SSN) is the business identifier needed — no citizenship required to obtain an EIN
- Immigration documentation needed: visa, EAD, I-94, or similar work authorization proof
- No collateral required for most Bankable Funds products up to $750K
Business funding requirements for non-citizens are based on your business's financial health, not your immigration paperwork. Private lenders like Bankable Funds use a streamlined set of criteria that focuses on revenue, operating history, and basic identity verification. Here is the complete list of what you need.
Revenue Requirements
- Minimum monthly revenue: $15,000 — This is approximately $180,000 annually. Revenue must flow through a dedicated business bank account.
- Revenue consistency matters — Steady or growing revenue is preferred over highly volatile monthly figures. Lenders look at the trend, not just the peak.
- Revenue type — Active business revenue (sales, services rendered) qualifies. Passive investment income and one-time windfalls are discounted.
Time in Business Requirements
- Minimum: 6 months — Businesses with at least 6 months of bank history can apply for entry-level funding.
- Preferred: 12+ months — One or more years of operating history unlocks larger amounts and potentially better factor rates.
- 2+ years — Businesses with two or more years of history and strong revenue qualify for the largest available amounts (up to $750K).
Documentation Required
| Document | What Lenders Use It For | Non-Citizen Equivalent Accepted? |
|---|---|---|
| Business Bank Statements (3–6 months) | Revenue and cash flow verification | Yes — any US business bank |
| EIN Documentation | Business identity | Yes — ITIN-based EIN accepted |
| Business Formation Documents | Legal entity verification | Yes — LLC/Corp docs from any state |
| Personal Government ID | Identity verification | Yes — foreign passport accepted |
| Immigration Status Document | Work authorization verification | Yes — visa, EAD, I-94, I-797 |
| Business Tax Returns | Annual revenue verification (larger amounts) | Yes — filed with ITIN or EIN |
What Does NOT Disqualify You
- Not having a Social Security Number
- Not having a green card or citizenship
- Having a temporary visa (H-1B, E-2, TPS, DACA EAD)
- Limited US personal credit history
- Foreign-born status or accent
What CAN Disqualify You
- Revenue below $15,000/month consistently
- Less than 6 months of business bank history
- Multiple NSF (non-sufficient funds) occurrences in bank statements
- Active federal or state tax liens against the business
- Debt service that already consumes more than 25% of gross revenue
- No valid US work authorization (undocumented status)
Frequently Asked Questions
A US credit score is not a requirement for Bankable Funds' revenue-based products. Business revenue and bank history are the primary qualification factors. Non-citizens who have been in the US less than 3 years often have limited credit history — this is expected and accounted for in Bankable's assessment model.
No. A minimum of 6 months of operating history with verifiable bank deposits is required. Brand-new businesses (0–6 months) should focus on generating consistent revenue and building bank history before applying. Some startup-focused funding programs exist, but most private lenders including Bankable Funds require demonstrated revenue.
Seasonal businesses are evaluated on their annual revenue pattern, not just current-month figures. Provide 6+ months of bank statements that capture both peak and off-peak periods. Bankable Funds may structure seasonal funding facilities that align with your revenue calendar.
Bankable Funds may require a personal guarantee from the primary business owner for some funding facilities. For non-citizens, the guarantee is tied to your personal obligation — not your US citizenship status. A personal guarantee means you are personally responsible for repayment if the business cannot.
You need a dedicated US business checking account held in the name of your business entity (LLC or corporation). Personal bank accounts do not qualify. Most major US banks (Chase, Wells Fargo, Bank of America) and many community banks and credit unions open business accounts for non-citizens with an EIN and business formation documents.
High revenue volatility increases the lender's risk assessment, which may reduce your approved amount or increase the factor rate. Bankable Funds calculates a 3–6 month average and applies a volatility discount. Businesses with more consistent revenue receive better terms.
Traditional US business checking account bank statements are the standard requirement. Some lenders may accept Stripe or PayPal transaction reports as supplemental documentation, but these generally do not replace bank statements as the primary revenue verification document.
Bankable Funds structures remittance rates (the daily repayment percentage) to keep total debt service within 15–25% of gross revenue. This means if you earn $100,000/month, your daily payment would be approximately $500–$800 per business day. The goal is sustainable repayment that doesn't strangle operations.