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.

Apply Here!

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