Key Takeaways
- Equipment financing is available to K-1 EAD holders for all business equipment types
- The equipment itself serves as collateral -- making approval more accessible
- No green card or US citizenship required for equipment-backed deals
- Trucks, machines, restaurant equipment, medical devices, and salon furniture all eligible
- SBA equipment loans unavailable to K-1 AOS holders -- Bankable fills the gap
Equipment financing is often the most accessible form of business capital for K-1 holders because the equipment itself serves as collateral -- reducing the lender's reliance on US credit history and immigration status. A semi-truck, a commercial oven, a CNC machine, or a dental chair has tangible value that supports the loan regardless of the owner's immigration status. Bankable provides equipment financing for K-1 EAD holders from $10K to $5M, with decisions based on the equipment's value and your business revenue, with no green card requirement.
The K-1 Funding Challenge
- Banks refuse equipment financing to K-1 holders citing immigration uncertainty
- Equipment costs must be paid before equipment generates revenue
- Equipment depreciation creates ongoing capital replacement needs
- SBA equipment financing requires green card or citizenship status
- Lenders that finance equipment to K-1 holders typically charge excessive rates
- K-1 holders who need multiple pieces of equipment face compounding financing challenges
Bankable Solutions for K-1 Business Owners
- Equipment Financing ($10K-$5M): Finance any business equipment with the asset as collateral. K-1 EAD accepted.
- Multi-Equipment Packages: Finance multiple pieces of equipment in a single transaction.
- Used Equipment Financing: Finance used equipment at 50-80% of appraised value.
- Equipment Refinancing: Refinance equipment you already own to extract working capital.
- Sale-Leaseback: Sell equipment you own to Bankable and lease it back, freeing up capital for operations.
Why Banks Fail K-1 Entrepreneurs
Traditional banks evaluate business loan applications through a lens built for citizens and permanent residents. They demand two or more years of US tax returns, a Social Security number with a long credit history, and often require a green card or citizenship as an unstated condition. K-1 holders in the adjustment of status period rarely meet all these criteria simultaneously.
Bankable funds revenue, not immigration documents. Check your Bankability Score in 5 minutes with no hard credit pull. Explore SBA alternatives and revenue-based products.
Revenue-Based Funding
Up to $5M tied to your monthly business revenue. No green card required. 48-hour decision.
Apply Now →Equipment Financing
Asset-backed funding for K-1 business owners. Fast approval, EAD-eligible.
Learn More →Working Capital Bridge
Bridge cash flow gaps during AOS. Flexible repayment tied to your revenue.
Check Score →Frequently Asked Questions
No. Bankable does not require a green card or US citizenship for any of its funding products. A valid EAD and a registered US business entity are the primary requirements.
Bankable makes decisions within 48 hours of receiving complete documentation. Funding typically arrives within 3-5 business days of approval.
SBA rules require all 20%+ business owners to be US citizens or lawful permanent residents. K-1 holders in AOS are excluded regardless of revenue or business quality. Bankable fills this gap.
Typically 3-6 months of business bank statements, your EIN, proof of business ownership, and your EAD. The Bankability Score tool provides a personalized document list in 5 minutes.
Commercial trucks, trailers, restaurant equipment, medical equipment, salon furniture, CNC machines, forklifts, construction equipment, landscaping equipment, and virtually any productive business asset.
Typically 10-20% down payment for new equipment. Used equipment may require 20-30%. The down payment reduces the lender's risk and is typically applied from your business cash flow or savings.
Yes, to an extent. Equipment financing lenders rely heavily on the equipment's value as collateral. K-1 holders with limited US credit history can often access equipment financing if the equipment is strong collateral.
Equipment financing terms typically range from 24 to 72 months, depending on the equipment's useful life. A semi-truck might be financed over 60 months. A commercial oven over 36 months.