SBA Loans, also known as Small Business Administration Loans, assist business owners obtain small business loans in US. Whether it’s time to buy real estate, acquire a new business or franchise, increase business working capital, or to purchase new business equipment, Khang Lending works directly with the banks and can help you find the best small business administration loan to meet your needs for your business.

SBA Loans info:

  • Interest rate: 7-8.25%
  • Term: 7-10 years
  • No pre-payment penalty
  • Monthly payments
  • Lender fee and cost: 5% (est.)
  • Loan amount from $100,000 to $5 million USD max
  • Processing time to funding: 1-2 months depend on how fast you can submit requirement documents
  • For example: Loan amount $100,000 – Monthly payment would be around $1,600. You can pay off anytime.

SBA conditions:

  • Credit from 700 up
  • Revenue from $250,000 up
  • Tax Returns looks great
  • Collateral (value = loan amount) (IMPORTANT!!!)
  • 10-20% down payment (ifyou do construction project)
  • Better if you have run this business at least 3 years
  • It is ok for start-up business borrowers

SBA borrowers:

Nails salon, Spa, Restaurant, Hotel, Gas Station, Hospital, Dental, Animal Clinic, Flower Shop, Body Shop, Car Dealer, Car Wash…

SBA Loans purpose:

  • Working Capital, remodel, pay roll…
  • Equipment financing, expanding, relocation…
  • Start-up and build out a shop
  • Buy out % partnership
  • Business debt consolidation

What we want to let you know ahead:

  • If you run a business in 3 years or longer and you have great tax returns, great credit, no debts, borrow $100,000 or less, there is no collateral requirement.
  • Other than that, you will need a collateral to be qualified for any loan amounts. For example:If you start up a business or you already start a business less than 3 years in business, there is collateral requirement. Let’s say you are looking to borrow $100,000. You have to have something has the same value with $100,000 loan amount to be qualified. If you want to borrow $200,000, you have to have something has the same value with $200,000 to be qualified. The same with $500,000 loan amount or $5 million loan amount.
  • Collateral, why? In case, worst case, anything can happen, if you can’t pay a bank back, they would take the collateral. Worst cases mean death, economy, landlord lock down, lawsuit, foreclosure, bankruptcy, business does not make profit…
  • What SBA lenders consider as collateral: A paid-off house, an investment accounts, Cash surrender amount (from your life insurance), an asset, a bank account… Please also note that: An owner occupied property in Texas, banks can’t take it as collateral due to the law. Only rental property is ok. Other states are fine.
  • If a business has two partners, the two partners will stand on the loan, not just one. You can stand by yourself if you want to buy out % partnership to make it 100% for yourself. If a business has three partners and only one partner wants to be out, the two other partners will have to stand on the loan to buy out the third partner to make it 100% ownership for the two partners.
  • In the loan application package that we will email you, there is one form very important to be completed. It is Personal Financial Statement where you have to complete fully and correctly. You have to list your assets, your liabilities, your income, your expenses, your investments, your debts… very detailed and correct. You’re also aware of all your assets may be used as collateral for the loan.


If you are, please prepare the documents below and email us. After receive your email, we will email you the loan application package:

  1. A copy of your Driver License and SS# card
  2. The last three years of Tax Returns (both personal & business)
  3. Profit and Loss, Balance sheet of current year (ask your CPA for this)
  4. Business plan with all number break down (what you use the money for)
  5. Loan application package (We will email you)

We can set up a bank interview phone call after receiving an application in 2-5 days.

Please send the documents to

We can be reached at (254) 292-9764, M-F, 9am – 4p.m.