Key Takeaways
- No green card required — CDL + EAD qualifies you
- Fund truck purchases, trailer financing, and fleet expansion
- Haitian, Central American, and Afghan owner-operators served
- Fuel advances and factoring alternatives available
- SBA citizenship rule bypassed — Bankable is private funding
The American trucking industry runs on immigrant labor and immigrant ownership. Haitian owner-operators dominate short-haul routes in Miami, Boston, and New York. Guatemalan and Honduran truckers run produce routes from California to the Midwest. Ethiopian and Eritrean drivers have built fleet operations in the DC metro and Dallas-Fort Worth. Many of these owner-operators are asylees — fully authorized to work, fully licensed to drive commercial vehicles, but locked out of traditional financing because they lack a green card.
Bankable funds trucking businesses on the strength of their freight revenue, their dispatch contracts, and their equipment. Your EAD and CDL are what matter operationally. Your revenue is what matters to us financially.
What We Fund
- Truck purchases: Class 8 semis, day cabs, sleeper cabs — new or used
- Trailer financing: Dry van, refrigerated, flatbed, step-deck
- Fleet expansion: Add a 2nd, 3rd, or 4th unit to your operation
- Working capital: Fuel, insurance, maintenance, and driver payroll
- Dispatch setup: ELD systems, load board subscriptions, TMS software
- DOT compliance costs: Inspections, drug testing programs, permit fees
Trucking Revenue-Based Funding Structure
For owner-operators and small fleets, revenue-based funding works well because freight revenue is consistent but lumpy — you get paid per load, not on a fixed schedule. Repayment is tied to your gross revenue percentage, so weeks when loads are scarce, your payment is lower. Weeks when you're running hard, more goes toward principal.
Minimum: $20,000/month in gross freight revenue, 6 months operating as a motor carrier, active MC number, and US bank account.
Equipment Financing Without a Green Card
For truck and trailer purchases specifically, equipment financing uses the vehicle as collateral — which is why the documentation requirements differ from unsecured working capital. We can structure equipment financing for asylees using the truck title as security. Learn more about equipment financing without a green card.
Fuel Advances and Factoring
Invoice factoring — selling your freight invoices to a factoring company at a small discount to get paid immediately — is available to asylees with no immigration-based restrictions. This is separate from Bankable's direct funding and is worth exploring for cash flow between loads. Bankable's working capital provides longer-duration capital for major purchases and growth.
Frequently Asked Questions
Yes. Asylees with an EAD, CDL, active MC number, and at least $20,000/month in freight revenue qualify for Bankable's trucking funding. We do not require a green card.
We require at least $20,000/month in gross freight revenue and 6 months as an active motor carrier. Single owner-operators and small fleets (2-10 trucks) are our core market.
If you have freight revenue from operating under another carrier's authority and can document it, we may be able to help. Typically we fund owner-operators who already have revenue under their own MC number.
Repayment is a fixed percentage of your weekly gross revenue. On a slow week with few loads, your payment is lower. On a strong week, more goes toward repayment. No fixed monthly bill.
Yes. Reefer, dry van, flatbed, and specialized freight operations all qualify. We look at revenue regardless of freight type.
Business bank statements (3-6 months), MC number, EAD or work authorization, and proof of active freight revenue (load confirmations or factoring statements).
Yes. Fleet expansion is one of the most common uses. You will typically qualify for funding equal to 1-2x your monthly gross revenue.
The 2026 SBA rule requiring 100% citizenship/national status is current policy. Bankable is private funding and is not subject to SBA rules.