Key Takeaways
- Asylee caregivers build home health and senior care agencies across the US
- No green card required — home health license + EAD qualify
- Fund caregiver payroll bridges, vehicles, and Medicaid contract expansion
- Ethiopian, Haitian, and West African senior care operators served
- 48-hour decisions
Senior care and home health agencies are one of the fastest-growing sectors for asylee entrepreneurs, particularly those with nursing, social work, or caregiving backgrounds. Ethiopian and Eritrean care agencies in DC and Minneapolis serve both immigrant and mainstream elderly populations. Haitian home health operators in Miami and Boston have built multi-caregiver agencies serving Medicaid clients. West African care entrepreneurs from Guinea, Senegal, and Ghana operate personal care and companion services across the Northeast.
What We Fund
- Caregiver payroll bridges (Medicaid pays 30-45 days after service)
- Caregiver recruitment and background check costs
- Agency vehicles for caregiver transportation
- Home care software (HHAeXchange, Axxess, ClearCare)
- State agency licensing and compliance costs
- New Medicaid contract onboarding capital
Minimum: $15,000/month in care agency revenue, 6 months operating, US entity, state home health agency license, EAD.
Frequently Asked Questions
Yes. Asylee operators with EAD, state home health agency license, and US entity can operate care agencies.
Yes. Medicaid payroll bridges are the most common use for senior care agency working capital at Bankable.
$15,000/month in care revenue, 6 months operating, state license, EAD.
Yes. Non-medical personal care agencies qualify under the same terms.
Yes. Caregiver recruitment and onboarding costs are valid uses.
Business bank statements showing Medicaid reimbursements and private-pay client payments.
Yes. Geographic expansion working capital is a common use.
Assisted living facilities with sufficient revenue may qualify — contact Bankable directly for larger facility needs.