Key Takeaways
- DACA recipients working in healthcare with valid EADs and professional licenses can own and operate practices
- Bankable funds medical, dental, chiropractic, therapy, and allied health practices with no citizenship requirement
- Practice acquisition, equipment upgrades, and working capital all available through Bankable's tranche structure
- SBA healthcare loans now closed to DACA practitioners — Bankable is the direct, accessible alternative
- 92% approval rate for qualifying practices — your patient revenue and licenses are your credentials
DACA recipients have earned medical degrees, nursing licenses, and allied health certifications from US universities. Many are now practicing clinicians who want to own their practice — to control their schedule, serve their community, and build equity. The immigration system has complicated their path, but it has not stopped them. Bankable isn't about to stop them either.
DACA Practitioners: Licensed, Trained, Ready to Own
Healthcare licensing is a state-by-state matter, and most states license practitioners based on education, training, and competency — not citizenship. A DACA-holding physician, dentist, physical therapist, or chiropractor who has completed their training and obtained state licensure is legally authorized to practice and, in most states, to own a professional medical corporation or LLC.
Healthcare Practice Funding Uses
- Practice acquisition: Buying an existing practice from a retiring physician or dentist
- Equipment: Digital X-ray, dental chairs, exam tables, diagnostic imaging systems
- Electronic Health Records: EHR system implementation and training costs
- Buildout: Leasehold improvements for clinic space, HIPAA-compliant renovation
- Working capital: Payroll for clinical staff, billing cycle gaps (insurance pays 45–90 days out)
- Marketing: Practice website, patient acquisition, reputation management
Why Healthcare Practices Face Unique Cash Flow Challenges
Insurance reimbursement cycles create a structural cash flow gap. A practice might see 200 patients in a month but not collect payment from Medicare and private insurers for 45–90 days. Bankable's working capital tranche bridges this gap, allowing you to meet payroll, pay rent, and invest in growth while the receivables clear.
Funding Requirements for DACA Practice Owners
| Factor | Bankable Standard |
|---|---|
| Immigration | DACA with EAD + SSN accepted — no green card required |
| Professional License | Valid state license required for your clinical specialty |
| Monthly Revenue | $20,000+ for established practices; lower thresholds for acquisition bridge |
| Business Structure | Professional LLC or Medical PC — state-compliant ownership structure |
| Funding Range | $50K to $5M depending on practice size and revenue |
Frequently Asked Questions
In most states, yes. Medical practice ownership is regulated by state professional corporation laws, not federal immigration law. Many states allow non-citizens with valid professional licenses to own practices. Consult a healthcare attorney in your state.
Yes. Practice acquisition — buying an existing patient panel, equipment, and goodwill from a retiring provider — is a primary use case for our healthcare funding. We can structure tranches to cover purchase price and transition working capital.
We fund medical (primary care, specialty), dental, chiropractic, physical therapy, occupational therapy, mental health counseling, optometry, podiatry, and veterinary practices. If you have a state license and patient revenue, we want to hear from you.
We structure working capital tranches specifically to bridge the 45–90 day insurance payment cycle. This prevents the cash flow crunch that causes many practices to stall even when they have strong patient volume.
Yes. Dental equipment — chairs, digital X-ray, CBCT scanners, CAD/CAM systems — qualifies for equipment-backed financing. The equipment serves as additional collateral, often improving terms.
Some professional licenses require current work authorization, which your EAD provides. As long as your EAD is current, your license remains valid. We factor in EAD renewal timelines when structuring longer-term funding.
Yes. Partner or associate buy-ins at existing practices are a fundable use case. We review both the practice's overall revenue and your personal compensation history as an associate.
Bankable funds the business entity, not you personally. Repayment comes from practice revenue. This protects your personal assets and keeps the obligation at the business level.
Yes. Mental health counseling, psychology practices, and therapy centers are fundable. The growth in mental health demand makes these strong revenue-generating practices. Telehealth platforms are also accepted as revenue sources.
With a complete application, we issue decisions within 48 hours. Funding arrives 3–7 business days after approval. For time-sensitive practice acquisitions, we can expedite the review process.