Key Takeaways
- Step 1: Check your Bankability Score — 5 minutes, no commitment, immediate eligibility assessment
- Step 2: Gather your EAD, EIN, and 4–6 months of business bank statements
- Step 3: Submit the online application at bankablefunds.com — 10–15 minutes to complete
- Step 4: Receive your funding decision within 48 hours — funds in 3–7 business days if approved
- No citizenship, green card, or SBA eligibility required at any step
Applying for business funding as a non-citizen through Bankable Funds is a four-step process that takes approximately 20 minutes of your time. Unlike bank applications that require months and citizenship-adjacent screening, Bankable's process is designed for non-citizen entrepreneurs who need fast, straightforward access to business capital.
Step 1: Check Your Bankability Score (5 Minutes)
Start by checking your Bankability Score — Bankable's proprietary assessment of your business's funding potential. The score evaluates:
- Your monthly revenue level and consistency
- Time in business (minimum 6 months required)
- Industry and business type
- Work authorization status (EAD requirement)
The Bankability Score check is free, takes 5 minutes, and requires no commitment. It tells you immediately whether your business meets Bankable's basic qualification criteria before you invest time in a full application.
Step 2: Gather Your Documentation
If your Bankability Score indicates eligibility, gather these documents:
- Immigration documents: Valid EAD (Employment Authorization Document) — any category that authorizes work
- Business identification: EIN (Employer Identification Number) from the IRS — your business tax ID
- Bank statements: 4–6 months of business bank statements (the account where business revenue is deposited)
- Revenue documentation: POS reports, merchant processing statements, or invoice records (for businesses with electronic revenue documentation)
- Business formation documents: Articles of incorporation or LLC operating agreement (if available)
Documents you do NOT need: Tax returns (not required for most products), personal credit report, US citizenship or birth certificate, SBA eligibility documentation, business plan or financial projections.
Step 3: Submit Your Application
The Bankable Funds online application takes 10–15 minutes to complete. You will be asked:
- Basic business information (name, address, industry, time in business)
- Personal information (name, contact information, immigration status)
- Requested funding amount and intended use
- Upload of required documents (EAD, bank statements, EIN documentation)
The application is available in English and Spanish. Multilingual support is available by phone at (786) 443-5511.
Step 4: Receive Your Decision
Bankable Funds issues funding decisions within 48 hours of receiving a complete application. The decision process includes:
- Bank statement analysis (automated + human review)
- EAD verification
- Revenue consistency evaluation
- Factor rate and advance amount determination
If approved, funds reach your business bank account within 3–7 business days. The agreement specifies the advance amount, factor rate, repayment percentage (as a percent of revenue), and estimated repayment timeline.
After Approval: How Revenue-Based Repayment Works
Revenue-based funding repayment works differently from traditional loan repayment:
- Bankable debits a fixed percentage of your daily or weekly revenue
- High-revenue months: larger payments, faster payoff
- Low-revenue months: smaller payments, slower payoff
- Total repayment amount is fixed (advance × factor rate) — the percentage just determines timing
Frequently Asked Questions
The Bankability Score check takes 5 minutes. The full application takes 10–15 minutes once your documents are gathered. The decision comes within 48 hours. From decision to funded: 3–7 business days. Total time from starting to funded: approximately 5–10 business days for most applicants.
Bankable's online application is available in English and Spanish. Phone support is available in multiple languages — call (786) 443-5511 to request multilingual assistance. Document submission can be in English or Spanish.
Bankable requires US business bank statements showing US-based business revenue. International bank statements are not accepted as primary revenue documentation. If you are building your US business bank history, continue accumulating US bank statement history — 6 months is the minimum.
Most Bankable products require a minimum of $15,000–$20,000 in monthly gross revenue. Some smaller working capital products are available for businesses with $8,000–$15,000 monthly revenue. Check your specific situation through the Bankability Score assessment.
Bankable evaluates your business's revenue, not your personal ITIN or SSN. An EIN (business tax ID) is required — this is separate from your personal ITIN. Business bank statements and an EAD are the primary documents. Personal credit history (SSN or ITIN-based) is not the primary underwriting factor.
Bankable's underwriting team reviews your bank statements, verifies your EAD, and analyzes your revenue patterns. You may receive a call or email requesting clarification on specific bank transactions or additional documentation. Respond promptly to maintain the 48-hour decision timeline.
Yes. After repaying approximately 60–70% of your first advance, you become eligible for renewal funding. Many Bankable clients receive recurring advances as their revenue grows and their relationship with Bankable matures. Each renewal is evaluated based on current revenue.