Key Takeaways
- Cuban and Venezuelan parolees with insurance agency revenue qualify
- Working capital for the commission payment cycle gap
- Technology and CRM financing for insurance operations
- E&O insurance premium financing available
- No green card required — state insurance license required
Cuban and Venezuelan parolee brokers on humanitarian parole are building successful US insurance brokerage businesses — generating real revenue that traditional banks ignore because of their visa status. Bankable evaluates your business on what matters: monthly revenue, operating history, and business fundamentals.
Insurance: Serving Immigrant Communities
Parolee insurance agents serve a unique and underserved market — the immigrant community itself. Cuban parolee agents in Miami and Venezuelan agents in Houston are building agencies that specialize in life insurance, health insurance, and commercial coverage for immigrant-owned businesses. Many earn commissions quickly after licensing, with book-of-business values growing rapidly. Bankable funds the working capital gap between commission earning and payment.
Funding Products
- Working Capital: Bridge the 30-60 day gap between policy placement and commission payment. Fund office, technology, and payroll.
- CRM and Technology: Insurance agency management systems (Hawksoft, AMS360, Applied Epic) and dialer systems financed through working capital.
- E&O Premium Financing: Errors and Omissions insurance premiums spread across 12 monthly payments.
- Book Acquisition: Purchase an existing insurance book of business from a retiring agent.
Equipment Financing
Finance the physical assets your business needs with the equipment as collateral.
Explore →Frequently Asked Questions
Yes. Cuban or Venezuelan parolee-broker humanitarian parolees with valid EADs and US insurance agency revenue that exceeds $10K/month qualify for Bankable's funding products. We do not require green card or permanent residency.
Valid EAD, parole documentation, 3 months of US business bank statements, business EIN, and a voided business check. No tax returns required for amounts under $250K.
Working capital advances are decided within 48 hours. Equipment financing decisions typically take 48-72 hours. Funds wire within 2-3 business days of approval.
We prefer 620+ for working capital and 640+ for equipment financing, but we evaluate the full picture — revenue strength, time in business, and industry risk can compensate for lower scores.
Revenue-based working capital requires no collateral beyond a general business lien. Equipment financing uses the financed equipment as collateral. Larger term loans may require personal guarantee.
Qualifying businesses can access up to $5M. Most early-stage businesses qualify for $25K-$500K based on revenue. Businesses doing $100K+/month can access larger facilities.
Bankable structures funding terms to your remaining authorization period. Parole renewals are typically straightforward for CHNV and Ukrainian U4U programs. See our guide on parole expiry and business funding.
Yes, as long as the majority (51%+) ownership is the parolee with EAD. Mixed-status business partnerships are acceptable. Each partner's immigration status is reviewed but majority ownership by a parole holder qualifies.