Key Takeaways
- DACA licensed electricians and electrical contractors operate businesses serving residential and commercial clients
- Bankable funds service vans, tools, and working capital for electrical businesses with no citizenship requirement
- Commercial electrical contracts with GCs and building owners provide strong bankability evidence
- SBA electrical contractor loans now closed to DACA owners — Bankable fills the gap
- Your licensed work and monthly billing are your bankability — 48-hour decisions, no green card needed
DACA entrepreneurs have built successful Electrical Contracting businesses across the United States. With valid Employment Authorization Documents and Social Security Numbers, they run operations, employ American workers, and pay taxes — yet face systematic exclusion from the capital markets that fund their competitors. Bankable exists to correct that.
What Electrical Contracting Businesses Fund With Capital
- Service vehicles: Fully equipped electrical service vans for residential and commercial work
- Tools and equipment: Conduit benders, panel testers, wire pullers, specialty electrical tools
- Materials: Wire, conduit, panels, fixtures, and components for active projects
- Commercial bidding: Working capital to carry materials costs on commercial projects
- Hiring: Adding licensed electricians and apprentices to grow capacity
- Marketing: Google Local, contractor networks, and commercial BD for project acquisition
The SBA Gap and the Bankable Solution
The SBA's March 2026 citizen-only rule eliminated the most affordable small business lending program for DACA owners. Bankable's revenue-based tranche funding fills this gap: no citizenship required, no green card needed, 48-hour decisions. Your electrical contracting revenue is your qualification. Learn more about SBA alternatives for DACA business owners.
Funding Requirements
| Factor | Bankable Standard |
|---|---|
| Immigration | DACA with EAD + SSN — no green card required |
| License | Valid state electrical contractor license required |
| Revenue | $15,000+ monthly from electrical work |
| Business Age | 12 months of business operations |
| Funding Range | $25K to $3M based on revenue and project backlog |
Check your eligibility at bankablefunds.com/bankability-score — a 5-minute process with no commitment and no citizenship questions.
Frequently Asked Questions
Yes. DACA status with a valid EAD and SSN qualifies for Bankable funding. No citizenship or green card is required. Your electrical contracting revenue is the primary qualification factor.
EAD card, SSN, 3 months of business bank statements, business license, and a voided business check. No green card or citizenship documentation required.
Yes. The SBA's March 2026 rule now requires all SBA loan borrowers to be US citizens or nationals, locking out DACA recipients. Bankable's revenue-based funding is the direct alternative with no citizenship requirement.
Bankable issues decisions within 48 hours of a complete application. Funding typically arrives 3–7 business days after approval.
Bankable funds up to $5M through our tranche system. Actual amounts depend on your monthly revenue and business profile.
Yes — your EAD must be current at the time of application. DACA's renewal cycle does not disqualify you — we understand the administrative process.
Yes. A revolving business line of credit is available for established businesses with consistent monthly revenue. Draw, repay, and redraw as your business cycle requires.
Revenue-based funding carries a higher rate than SBA loans. For DACA owners who cannot access the SBA program, the comparison is between Bankable's rates and no access at all. We price transparently based on your full profile.
Yes. Staffing expansion is a covered use case. Adding employees directly increases your revenue capacity and is one of the most common uses of Bankable capital.
We accept 3 months of business bank statements, POS reports, QuickBooks exports, and industry-specific revenue documentation. We look for consistent monthly revenue over your operating history.