Key Takeaways
- SBA ban on asylees eliminated the primary franchise financing route — Bankable is the alternative
- Fund franchise fees, buildout, equipment, and working capital
- No green card required — EAD and US entity qualify
- All franchise categories: food, service, retail, fitness
- 48-hour decision process
Franchising has long been one of the most accessible paths to business ownership — particularly for immigrant entrepreneurs who want a proven system, brand recognition, and operational support. Asylee entrepreneurs have opened Subway locations, UPS Stores, Anytime Fitness gyms, and Kumon learning centers. They have run Coverall cleaning franchises, Jan-Pro janitorial routes, and Snap-on tool trucks.
The 2026 SBA rule change is especially damaging for asylee franchise buyers. SBA 7(a) and SBA 504 loans were the dominant financing mechanism for franchise acquisitions. With asylees now categorically excluded from SBA programs, franchise buyers need a private alternative. Bankable provides revenue-based funding for existing franchisees seeking to expand — and bridge financing for new franchise acquisitions where the franchisee has sufficient capital to close the gap.
Franchise Categories We Fund
- Food and beverage franchises (QSR, fast casual, coffee)
- Cleaning and janitorial franchises
- Fitness and wellness franchises
- Home services franchises (painting, handyman, lawn care)
- Retail franchises (shipping, postal, printing)
- Education and tutoring franchises
- Senior care and home health franchises
The SBA Gap for Franchise Buyers
Before 2026, an asylee buying a Subway franchise could secure an SBA 7(a) loan covering up to 90% of the franchise fee and buildout — with the SBA guarantee reducing lender risk. That path is now closed. Bankable's revenue-based funding is best suited for existing franchisees seeking additional working capital or a second location. For new franchise purchases, Bankable can provide working capital after opening, once revenue has been established for 3+ months.
See also: Complete guide to buying a franchise as an asylee.
Frequently Asked Questions
Yes. The SBA route is now closed to asylees under the 2026 citizenship rule. Bankable provides private, non-SBA revenue-based funding for existing franchisees and working capital for new franchise operations after opening.
Bankable is best suited for working capital and expansion funding for established franchises. For the initial franchise fee and pre-opening costs, you will need personal savings, a private investor, or a franchisor's financing program.
Cleaning franchises (Coverall, Jan-Pro), food service (Subway, Domino's), and home services are most common. These have lower entry costs and shorter paths to profitability.
Yes. Expansion funding for a second or third location is one of Bankable's most common use cases. You need 6+ months of revenue from your existing location.
At least $15,000/month in gross franchise revenue, 6 months operating, US entity, EAD.
Most franchisors are indifferent to the source of working capital funding. Franchise agreements govern the operations — the capital source is irrelevant to the franchisor as long as fees are paid.
Yes. Working capital can cover any operating expense, including franchise royalty fees, marketing fund contributions, and technology fees.
Decision within 48 hours of application. Funds deposited within 3-5 business days of approval.