Key Takeaways
- Bankable funds business equipment for DACA owners with no citizenship or green card requirement
- Equipment serves as collateral — often resulting in better terms than unsecured working capital
- All equipment categories: construction, medical, restaurant, auto repair, manufacturing, and more
- SBA equipment loans now closed to DACA owners — Bankable's 48-hour decisions fill the gap
- Your equipment's revenue-generating potential and business revenue determine your funding amount
Equipment is the backbone of most DACA-owned businesses. A DACA construction contractor needs an excavator. A DACA dentist needs a digital X-ray system. A DACA food truck operator needs a custom-built truck and kitchen. These are not luxury purchases — they are the productive assets that generate the revenue that defines the business. Bankable funds equipment without asking for your green card.
Why Equipment Financing Is Often the Best Structure
Equipment financing has a structural advantage over unsecured working capital: the equipment itself serves as collateral. This reduces lender risk, which typically translates into better terms for the borrower. A DACA business owner financing a $150K CNC machine gets a lower effective cost than they would for an equivalent unsecured working capital loan — because the machine is worth $150K if the loan isn't repaid.
Equipment Categories Bankable Funds
- Construction: Excavators, bulldozers, cranes, concrete equipment, scaffolding
- Medical and dental: Imaging systems, treatment chairs, surgical equipment, diagnostic tools
- Restaurant and food service: Commercial ovens, walk-in coolers, fryers, dishwashers, POS systems
- Manufacturing: CNC machines, injection molds, industrial presses, assembly equipment
- Transportation: Semi trucks, trailers, refrigerated vehicles, delivery vans
- Landscaping and agriculture: Tractors, zero-turn mowers, irrigation systems, harvesters
- Auto repair: Lifts, alignment equipment, diagnostic scanners, air compressors
- Technology: Servers, workstations, production cameras, studio equipment
Equipment Financing Terms and Structure
| Factor | Bankable Standard |
|---|---|
| Immigration | DACA with EAD + SSN — no citizenship required |
| Equipment Type | Revenue-generating business equipment — new or used |
| Business Revenue | $10,000+ monthly from business operations |
| Business Age | 12 months preferred; equipment value supports shorter history |
| Funding Range | $10K to $5M — equipment value sets the ceiling |
Check your equipment financing eligibility at bankablefunds.com/bankability-score — 5 minutes, no citizenship questions, no commitment required.
Frequently Asked Questions
Yes. Equipment financing is available to DACA owners with EAD and SSN. The equipment serves as collateral, making this one of the most accessible funding structures for DACA entrepreneurs.
Yes. Used equipment in good working condition qualifies. We look at the equipment's current market value and revenue-generating capacity, not just purchase price.
Yes. Semi trucks, day cabs, and specialty commercial vehicles are a primary equipment financing use case. The vehicle serves as collateral.
Equipment financing uses the equipment as collateral, which typically results in lower rates than unsecured loans. The loan amount is tied to the equipment's value, and if the loan isn't repaid, the equipment can be recovered.
Possibly. For high-value equipment with strong collateral value, we may consider businesses with 6+ months of operating history. The equipment's value partially offsets the shorter operating history.
Yes. Private seller equipment purchases — buying a used excavator from another contractor, for example — are fundable. We assess the equipment's condition and market value as part of underwriting.
Yes. Custom food truck builds are a common equipment financing use case. The completed truck serves as collateral for the financing.
Significantly. Equipment financing lets you put the equipment to work immediately, generating revenue that pays for the financing and profits beyond it. Waiting to save the full purchase price means lost revenue for every month you wait.
Maintaining adequate commercial insurance on financed equipment is required. If equipment breaks down, the insurance proceeds can address repairs or replacement while the financing continues.
Yes. Financing packages covering multiple equipment purchases simultaneously are available. This is common for businesses outfitting a new facility or expanding their fleet.