Key Takeaways
- No green card required — EAD and US entity qualify
- Fund NEMT vans, rideshare fleets, charter buses, and logistics vehicles
- Haitian, Somali, and Ethiopian transportation operators served
- Revenue-based repayment fits ride-volume cash flow
- 48-hour decisions
Transportation entrepreneurship is one of the first industries asylee entrepreneurs enter — and for good reason. Somali and Ethiopian entrepreneurs in Minneapolis have built entire NEMT (non-emergency medical transportation) fleets serving Medicaid patients. Haitian taxi and rideshare operators in Miami and Boston have graduated from individual drivers to fleet operators. Venezuelan and Cuban transportation companies provide airport shuttle, charter, and logistics services in South Florida.
The capital challenge is vehicle acquisition and fleet expansion. A single accessible van for NEMT costs $55,000-$85,000. A small charter bus runs $150,000-$350,000. Bankable funds the gap between your operational revenue and your fleet growth ambitions.
Transportation Businesses We Fund
- Non-emergency medical transportation (NEMT) fleets
- Rideshare and TNC fleet operators
- Airport shuttle and charter services
- Taxi and car service companies
- Last-mile delivery fleets
- School transportation contractors
- Courier and same-day delivery businesses
Vehicle Financing for Asylees
Commercial vehicle financing — where the vehicle serves as collateral — is available to asylees through Bankable's equipment financing program. This is distinct from personal auto loans and does not require a green card. The vehicle's value provides the security; your revenue provides the repayment stream. See equipment financing without a green card.
Frequently Asked Questions
Yes. Commercial vehicle financing with the vehicle as collateral is available. Revenue-based working capital is also available for fleet operators with existing revenue.
$15,000/month in transportation revenue, 6 months operating, US entity, EAD, and appropriate commercial license/insurance.
Yes. NEMT fleet expansion is a common use case. We understand Medicaid billing cycles and how NEMT revenue flows.
Yes. Operators who own vehicles leased to drivers on Uber/Lyft platforms qualify. Individual rideshare drivers do not — you need a business entity with multiple vehicles.
Medicaid reimbursements deposited into your business bank account count as revenue. The 30-60 day Medicaid payment cycle is common, and Bankable accounts for it.
Yes. Payroll for employed drivers is a valid use of working capital.
Yes. Charter and tour bus operators with documented contract revenue qualify.
Bank statements (3-6 months), EIN, EAD, commercial vehicle insurance, and transportation license/permit documentation.