SPAG CORE Loan Program

SPAG’s CORE Loan Program is available to small businesses that have been affected by the COVID-19 Pandemic. Businesses must provide information on how they have been impacted by the COVID-19 Pandemic. Job creation and retention information will be requested.

SPAG CORE loans are available in the following Texas counties: Bailey, Cochran, Crosby, Dickens, Floyd, Garza, Hale, Hockley, King, Lamb, Lynn, Lubbock, Motley, Terry, and Yoakum.

Please direct all questions and applications to:

COVID-19 Related Criteria

  • Information on how COVID-19 Pandemic has impacted the business will be required.
  • Job Creation & Retention information will be requested.


  • Working Capital
  • Payroll, utilities, rent, and other expenses related to ongoing business and/or COVID-19 
  • Professional fees — legal closing fees can be rolled into financing

Terms & Interest Rate

  • Terms between 5 and 10 years
  • Fixed Interest Rate 2.44-5.00%
  • No pre-payment penalty

Required Application Documents

  • SPAG CORE Application form
  • 2 years of Business Tax Return
  • Interim Financial Statements (P&L + Balance Sheet)
  • Personal Financial Statement for each owner over 20%

Learn more about the SPAG Core loan program.

Get More Information

Apply now to see if you are eligible for an SPAG CORE loan. Complete the form below.