Key Takeaways
- Former H-2B workers who obtained insurance licenses often serve the immigrant business and consumer community
- Bankable funds insurance brokerage businesses $25K–$2M based on commission revenue — no green card required
- Working capital, technology, and agency expansion all available
- SBA 2026 rule eliminated non-citizen insurance agency owners from all SBA programs
- 48-hour approvals for qualified insurance businesses
From H-2B Worker to Insurance Agency Owner
Insurance is one of the most natural professional services businesses for former H-2B workers who gained work authorization and pursued licensure. The immigrant business community — landscaping companies, cleaning services, restaurants, construction contractors — all need business insurance, workers' compensation, commercial auto, and general liability coverage. A bilingual, culturally fluent insurance agent who understands the specific risk profiles of these businesses provides irreplaceable value. Many former H-2B workers have built thriving insurance agencies on this foundation.
Insurance agencies have recurring, predictable revenue from renewal commissions. Bankable funds these agencies on their documented commission revenue — no green card required.
Insurance Agency Capital Needs
- Agency acquisition: Purchasing an existing insurance book of business accelerates growth significantly. Books of business are valued at 1.5–2.5x annual commission revenue.
- Technology: Agency management software, quoting platforms, and CRM systems are essential infrastructure.
- Producer recruitment: Hiring additional licensed producers to write more business requires working capital for salary advances while new producers build their books.
- Marketing: Digital advertising, community sponsorships, and bilingual marketing campaigns drive new client acquisition in target demographics.
Agency Acquisition
Fund the purchase of an existing insurance book of business. Evaluated on commission revenue.
Apply →Working Capital
Cover producer salaries and technology costs while commission revenue builds. Up to $200K.
Apply →Revenue-Based Funding
Based on commission revenue. Repay as a percentage of daily deposits.
Apply Now →Frequently Asked Questions
Yes. Bankable funds insurance agencies regardless of the owner's immigration status. Documented commission revenue is the primary criterion.
We fund independent insurance agencies, commercial lines brokerages, personal lines agencies, life insurance agencies, and specialty insurance brokerages.
Yes. Agency acquisition funding is available. We evaluate the acquisition based on the target book's renewal commission history.
Funding depends on annual commission revenue. An agency generating $300K–$700K in commissions annually might qualify for $50K–$250K.
The 2026 SBA rule requires 100% citizenship, eliminating non-citizen insurance agency owners. Bankable is private capital with no citizenship requirement.
Yes. Working capital lines are ideal for insurance agencies growing through new producer recruitment.
Six months of business bank statements, your EIN, insurance producer license, and personal identification. No green card required.
Most applications receive a decision within 48 hours. Funds are typically deposited within 3–5 business days.