Key Takeaways
- No citizenship or green card required — DACA with valid EAD and SSN meets Bankable's immigration requirement
- $15,000+ monthly business revenue is the primary financial qualification threshold
- 12 months of business operating history with documented revenue is the standard requirement
- 580+ personal credit score is considered alongside revenue — revenue is weighted more heavily
- Complete requirements list: EAD, SSN, 3 months bank statements, business license — nothing more
This page gives you the exact requirements to qualify for Bankable business funding as a DACA entrepreneur in 2026. No ambiguity, no hidden requirements, no citizenship traps. Here is the complete picture.
Immigration Requirements (Simple)
- Current EAD: Your DACA Employment Authorization Document must be valid (not expired)
- SSN: Your Social Security Number for identity verification and credit review
- No green card required
- No citizenship required
- No permanent residency required
Business Requirements
- Monthly revenue: $15,000+ monthly gross revenue from business operations
- Operating history: 12 months of documented business operations (some products allow 6 months)
- Business entity: LLC or corporation registered in the US (sole proprietors can apply but LLC is preferred)
- Business bank account: Separate business checking account showing business revenue
- Business license: Valid state or local business license
Financial Profile Requirements
- Personal credit: 580+ score considered; revenue is weighted more heavily than credit
- Business credit: Reviewed if available; not required for first-time applicants
- No open bankruptcies: No active personal or business bankruptcy proceedings
- Revenue consistency: Stable or growing monthly revenue preferred over highly volatile patterns
Document Requirements
- EAD card (both sides, clear photo)
- 3 months of business bank statements (all pages)
- Voided business check
- Business license or articles of organization
- EIN confirmation (optional but helpful)
What Does NOT Affect Qualification
- Citizenship status (irrelevant)
- Green card or permanent residency (not required)
- DACA renewal date (as long as EAD is currently valid)
- Country of origin (irrelevant)
- Years in the US (irrelevant)
Frequently Asked Questions
Valid EAD, SSN, $15,000+ monthly business revenue, 12 months of operating history, business license, and 3 months of bank statements. No green card or citizenship required.
Bankable looks for 580+ personal credit. However, revenue is weighted more heavily than credit score. A DACA owner with strong revenue and a 580 score often qualifies; a weak revenue business with a 750 score may not.
12 months is the standard. Some products (particularly equipment financing with strong collateral) may be available for businesses with 6+ months of history. Contact Bankable's team to discuss your specific situation.
Sole proprietors can apply, but an LLC or corporation is preferred. We recommend forming an LLC before applying — it takes 1-2 weeks through your state secretary of state and strengthens your application.
$15,000 monthly gross revenue is the baseline. Some products have lower thresholds — food truck and salon businesses may qualify at $10,000 monthly. Higher revenue supports larger funding amounts.
Variable revenue is common in many industries. We look at average monthly revenue over 3-12 months. Seasonal businesses with high peak revenue and low off-season revenue typically qualify based on their annual revenue average.
Tax returns are optional but helpful. Many businesses qualify based on bank statements alone. If you have tax returns showing strong annual revenue, including them strengthens your application.
Prior bankruptcies (fully discharged) are considered but not automatically disqualifying. Active bankruptcy proceedings are typically a bar to new funding. Consult with Bankable's team about your specific situation.
Yes. A separate business checking account is required. Mixing business and personal finances makes underwriting difficult. If you don't have a business account, open one before applying — it takes a few days at most banks.
Apply with your current valid EAD before it expires. If your current EAD expires before your renewal arrives, wait for the renewal. Bankable cannot fund with an expired EAD.