Key Takeaways
- Bankable requires only EAD, SSN, bank statements, and business license — no green card or citizenship papers
- No I-551, no naturalization certificate, no permanent resident documentation of any kind required
- 3 months of business bank statements showing $15,000+ monthly revenue is the core financial requirement
- Documents can be submitted digitally — the entire application process is remote and secure
- 48-hour decisions after complete document submission — no in-person meeting required
DACA entrepreneurs often waste time gathering documents that Bankable does not require — and miss the documents that actually matter. This page gives you the complete, accurate list of what Bankable needs. Print this, gather these documents, and apply. Nothing more is required.
Required Documents for DACA Business Owners
Identity Documents (Immigration)
- Employment Authorization Document (EAD): Current, valid DACA work authorization card. Both sides.
- Social Security card or number: Used for identity verification and credit review.
That is it for immigration documents. No green card. No visa. No citizenship certificate. No I-94. No passport (though a passport can be used as supplemental ID if needed).
Business Financial Documents
- 3 months of business bank statements: The most recent 3 months for your primary business checking account. Both the front and transaction pages.
- Voided business check: Shows your business account and routing numbers for funding disbursement.
- Business bank statements (12 months, optional but helpful): A longer history supports larger tranche amounts and better terms.
Business Registration Documents
- Business license: State or local business license showing your business name and address.
- Articles of Organization or Incorporation: For LLCs or corporations — the formation document from your state secretary of state.
- EIN confirmation: IRS confirmation of your Employer Identification Number (form CP-575 or SS-4 approval).
Optional Documents That Strengthen Your Application
- Tax returns (business, 1 or 2 years) — shows annual revenue and net income
- Profit and loss statement — current year summary
- Equipment list — for equipment financing applications
- Lease or purchase agreement — for real estate or location-related funding
- Customer contracts — for service businesses showing recurring revenue
What You Do NOT Need
| Document | Required by Bankable? |
|---|---|
| Green card / Permanent Resident Card | No |
| US Passport | No |
| Naturalization Certificate | No |
| I-94 Arrival/Departure Record | No |
| DACA approval notice (I-797) | No (EAD is sufficient) |
| Citizenship documentation | No |
Frequently Asked Questions
EAD card, SSN, 3 months of business bank statements, voided business check, and business license. No green card or citizenship documentation required.
No. Your EAD card is sufficient. The I-797 DACA approval notice is not required by Bankable.
Yes. All documents are submitted through Bankable's secure online application portal. No in-person meeting or physical document mailing is required.
Tax returns are optional but helpful. Many DACA businesses qualify based on bank statements alone. Tax returns strengthen the application if available.
3 months is the minimum requirement. 12 months of statements supports larger funding amounts and better terms, but the application can proceed with 3 months.
Business bank statements are strongly preferred. Mixing personal and business finances is a red flag in underwriting. If you have been operating without a separate business account, opening one before applying is recommended.
No. Bankable does not require a business plan. We evaluate actual performance (bank statements, revenue history) rather than projections.
Bankable prefers LLC or corporate entities. Sole proprietors can apply, but we recommend forming an LLC first — it provides liability protection and makes the application process cleaner.
Yes. We verify that your business is legally registered and licensed in your state. This is a standard business verification step, not an immigration check.
Document review is typically completed within 24 hours of submission. Complete applications receive decisions within 48 hours of all documents being submitted.