Can I Get A Loan From A Friend Or A Relative For E2 Visa Investment Purposes?

Can I Get A Loan From A Friend Or A Relative For E2 Visa Investment Purposes?


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A $100,000 is not small money to most people especially during these tough economic times. Regardless of how difficult it can be to get the money, this is typically the minimum amount of money that every E-2 visa applicant is required to have under their control. This is why some applicants opt to request loans from their siblings and friends with the intention of funding their investment in the US.

The E-2 Investor Visa Funds Are Needed In Advance

For your E-2 visa application to be regarded as a serious one, you are supposed to have already transferred the escrow amount to any commercial bank that is based in the US. It is for this reason that money is needed prior to applying for the visa.

Bank Loans Are Not Encouraged

It is usually possible to acquire a loan from the bank to fully finance a business investment in The U.S. because your business would be used to secure the loan. However, E-2 investors are not allowed to get a 100% financing from the bank, the bulk of the funding must come from the applicant or the applicant’s fellow investors.

Get a Loan from a Friend or a Relative when applying for an E-2 Investment Visa

E-2 investors are only allowed to get 30% of asset financing from the banks. It is therefore advisable to request a loan from a friend or relative because if you cannot fund the entire business from your own funds. This is because your business will not be used as security to the loan.

In such a case, the friend or relative has to move the funds from their account and put them directly into your account. This will give you as an E-2 investor ultimate control over the money. Upon receiving the funds, you should proceed by making the necessary escrow transfers to a U.S. bank. You will use the copies of the transactions by attaching them to your E-2 visa application.



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