Key Takeaways
- Assisted living, home health, and senior day programs qualify for Bankable
- SBA healthcare business loans unavailable to E-3 holders
- Facility, staffing, and working capital all fundable
- Monthly care revenue is highly predictable — ideal for Bankable underwriting
- 48-hour decisions up to $3M
The US senior care market is one of the most significant growth industries of the coming decade — 10,000 baby boomers turn 65 every day, and demand for assisted living, memory care, and home health services dramatically exceeds supply in most US markets. E-3 holders in healthcare, nursing, or social work backgrounds have identified this market opportunity and built meaningful senior care businesses.
Senior care generates highly predictable monthly revenue — residents pay monthly room and board fees, home care clients have weekly or monthly care agreements. This recurring revenue profile is excellent for Bankable's underwriting. SBA healthcare loans are unavailable to E-3 holders; Bankable funds on care revenue directly.
The E-3 Funding Barrier
The SBA's 100% citizen/national ownership rule disqualifies every E-3 holder from government-backed loans — regardless of how long you've been in the US, how profitable your business is, or how strong your credit score is. Banks that primarily originate SBA loans have no viable product to offer you. That's not a reflection of your business quality; it's a policy gap that Bankable was built to bridge.
Revenue-based funding through Bankable requires no green card, no citizenship, and no SBA involvement. What matters: your business generates consistent revenue, has been operating for at least 6 months, and has a US business bank account. That's the core of what we evaluate. Check your Bankability Score to see your options in minutes.
Challenges in This Sector
- Assisted living facility compliance (fire safety, ADA, state licensing) is expensive
- Caregiver hiring and retention is the primary operational challenge — turnover rates exceed 60%
- Medicare/Medicaid reimbursement (where applicable) has complex billing requirements
- Private-pay memory care commands premium rates but requires specialised facility investment
- State licensing and inspection processes are time-consuming and costly
- 24/7 staffing requirements create substantial fixed labour costs
Funding Solutions for E-3 Holders
- Facility Capital: Assisted living facility renovation and compliance upgrades.
- Working Capital: Cover staffing costs during facility ramp-up.
- Home Care Expansion: Fund caregiver hiring for home health service growth.
- Technology Investment: Electronic health records and care management systems.
- Second Facility: Expand to additional care location based on existing revenue.
Senior Care Revenue at Bankable
A 20-bed assisted living facility at $4,500/month per resident generates $90K/month in room-and-board revenue. Home health agencies with 50 active clients at $2,500/month generate $125K/month. Both are strong Bankable funding profiles with predictable, contracted monthly revenue.
Capital Products Available
Revenue-Based Funding
Up to $5M based on your monthly revenue. No green card, no SBA. 48-hour decisions.
Apply Now →Equipment Financing
Asset-backed funding for equipment — available to non-citizen business owners.
Check Eligibility →Frequently Asked Questions
Yes. Senior care business ownership is not restricted by E-3 status. State healthcare licensing requirements apply.
Assisted living facilities, memory care homes, in-home care agencies, adult day programs, and senior companion services.
Typically $20K+/month in consistent care revenue.
Yes. Facility upgrades and compliance renovations are supported capital uses.
Yes. Caregiver hiring and training costs are valid working capital uses.
We evaluate actual collections (including government reimbursements) alongside private-pay revenue.
Yes. Second facility expansion based on existing location revenue is supported.
Yes. We understand the high turnover environment and the fixed staffing costs of licensed care operations.
48-hour decisions. Funds in 3–5 business days.
Yes. Healthcare IT investment is a valid capital use.