Key Takeaways
- Parolees operating hotels, motels, and B&Bs with US revenue qualify
- Renovation financing for property improvement plans (PIPs)
- Working capital for the off-season and demand troughs
- Funding up to $5M for established hospitality operations
- 48-hour working capital decisions — no green card required
Hospitality is one of the largest immigrant-owned business sectors in America — Indian-American hoteliers famously own over 60% of US hotel properties through decades of entrepreneurship. The same opportunity exists for humanitarian parolees who arrive with hospitality operations experience, capital, or family networks in the industry. Ukrainian and Cuban parolees with hospitality backgrounds are managing properties, leasing hotels, and building hospitality companies across the US. Bankable funds their working capital and renovation needs.
Hospitality Funding Products
- Property Improvement Financing (PIP): Franchise brands require PIPs — renovations that keep properties current with brand standards. Fund these with structured financing.
- Working Capital: Cover off-season payroll, utilities, and maintenance between peak season revenues.
- FF&E Financing: Furniture, fixtures, and equipment — beds, linens, HVAC units — financed with the assets as collateral.
- Short-Term Rental Portfolio: Multiple Airbnb or VRBO properties generate portfolio-level revenue that Bankable treats as a hospitality business.
- Food & Beverage Operations: Fund restaurant or bar operations within a hotel property.
Frequently Asked Questions
Yes. There is no immigration law preventing parolees from owning or managing hotels. Franchise brand agreements require financial qualification, but not citizenship. Many parolees manage properties under management agreements or lease structures.
A PIP is a renovation requirement from your hotel brand (Marriott, Hilton, IHG, etc.) to maintain brand standards. Bankable finances PIPs as equipment and improvement loans with the financed assets as collateral. Terms run 36-84 months.
$30,000 per month in verifiable hospitality revenue. This is higher than retail or service businesses due to the higher average transaction sizes and more complex operations in hospitality.
Yes. Airbnb and VRBO portfolio operators with $15,000+/month in platform revenue qualify. We treat STR portfolios as hospitality businesses and underwrite based on verifiable platform payment history.
We structure working capital lines with seasonal draw schedules — larger draws during shoulder seasons (fall prep, spring ramp-up) repaid from peak season revenue. Beach and ski properties have well-understood seasonal patterns that Bankable accommodates.
Yes. Ukrainian U4U parolees with hotel management experience or operating hospitality businesses qualify. Ukraine's pre-war hospitality sector (particularly in Kyiv and Lviv) was world-class, and parolee operators bring genuine expertise.
STR operators: 3 months Airbnb/VRBO payment history + bank statements. Traditional hotels: 3 months bank statements, occupancy reports, and current P&L. All applicants need valid EAD and business entity documents.
Yes. Many hospitality operators used merchant cash advances during COVID recovery and are still carrying expensive MCA debt. Bankable can restructure these into lower-rate term facilities, reducing daily payment burden significantly.