Key Takeaways
- L-2 EAD holders can own and operate event planning businesses in the US
- The 2022 DHS rule confirmed L-2 spouses have work authorization incident to status
- SBA loans blocked for non-citizens — Bankable funds event planning without a green card
- 48-hour decisions based on business revenue, not immigration status
- Revenue-based repayment scales with your business income
Event planning is a natural business for L-2 EAD entrepreneurs with organizational talent, cultural knowledge, and connections to vendors in their home countries. Many operate businesses specializing in multicultural weddings, corporate events for expatriate communities, and cultural festivals.
Bankable funds L-2 EAD event planning businesses from $25,000 to $5,000,000 based on your operating revenue. We make funding decisions in 48 hours without requiring citizenship or a green card. Our revenue-based repayment model means your payments flex with your business performance — when business is strong, you repay faster; during slower periods, payments are proportionally smaller.
Event Planning Funding Uses for L-2 EAD Holders
- Working capital: Payroll, rent, utilities, and day-to-day operating expenses
- Equipment and technology: Specialty tools, software, and equipment specific to your industry
- Marketing and business development: Client acquisition, advertising, and brand building
- Staff hiring: Expand your team to serve more clients and grow revenue
- Office or studio space: Professional facilities for client-facing operations
- Expansion capital: Open additional locations or expand your service area
Frequently Asked Questions
Yes. L-2 EAD provides full work authorization for event planning business ownership. The 2022 DHS rule confirmed that work authorization is incident to L-2 status — you are authorized to own and operate a event planning business without a separate EAD application.
We typically require $10,000+ in monthly revenue from 3-6 months of operating history. Event Planning businesses with consistent client revenue qualify well for our funding programs.
No. Bankable does not require a green card. We fund L-2 EAD holders based on business revenue performance. Your immigration status is not a criterion in our underwriting.
As of March 2026, SBA loans require all principals to be US citizens or nationals. L-2 EAD holders are excluded from all SBA programs. Bankable's revenue-based funding is the primary alternative — we fund $25,000 to $5,000,000 without SBA involvement.
Decisions in 48 hours. Funding deposited 2-5 business days after approval. For businesses with strong revenue history, the entire process can take as little as 3-4 business days.
Your Bankable funding is tied to your business revenue, not your spouse's employment. A change in your spouse's L-1 employer has no effect on your funding agreement.
Repayment is a fixed percentage of your daily revenue receipts. In months when revenue is higher, you repay more. In slower months, you repay less. The total repayment amount is fixed — only the timing varies with your revenue.
3-6 months of business bank statements, your EIN, business license, and basic business information. We do not require immigration documents in underwriting.