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Loan Programs
WTX Small Business Summit
About
Contact

SPAG Core

SPAG Core

ABOUT LOAN

USE OF LOAN

LEARN MORE

APPLY NOW

ABOUT LOAN

USE OF LOAN

LEARN MORE

APPLY NOW

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: spagcore@spag.org

COVID-19 Related Criteria

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

ELIGIBLE USE OF FUNDS

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.

Printable PDF Applicaton

SPAG CORE Application

"*" indicates required fields

Step 1 of 5

20%

Term of Loan*

60 Months (5 Years)

84 Months (7 Years)

120 Months (10 Years)

Loan Amount Requested*

(Max $250,000)

Purpose of the Loan:*

Please briefly describe the use of these funds if allocated to your business

Economic Impact Statement*

Please state how current economic conditions have impacted your business. Discuss the ways in which the business has attempted to adapt to continue to generate revenue

About the Business

Business Legal Name*

DBA or Trade Name

(if applicable)

Business Type*

Sole Proprietorship

Limited Liability Company (LLC)

C-Corporation

Partnership

Business TIN*

(EIN,SSN)

Number of Employees

Business Email

Business Summary*

Please describe what your business is and who your customers are

Business Physical Address*

Street Address City State ZIP Code

Is the Mailing address different?*

Yes

No

Mailing Address

Street Address City State ZIP Code

Application Ownership*

Applicants with greater than 20% ownership stakes in the business. Add up to 5 entries. Total percentage below must add up to at 80% - 100%

Owner Name

Title

% Ownership

SSN

Home Mailing Address

City, State & ZIP

Personal Email

Eligibility Questions

Is the Business or any owner presently suspended, debarred, proposed for debarment, declared ineligible, voluntarily excluded from participation in this transaction by any Federal department or agency, or presently involved in any bankruptcy?*

Yes

No

Has the Business received an SBA Economic Injury Disaster Loan (EIDL)?**

Yes

No

List

If yes, please provide details.

Loan Amount

Present Balance

Payment Amount

Term

Interest Rate

Maturity Date

Has the Business received an SBA Payroll Protection Program (PPP) Loan?*

Yes

No

If the Business received an SBA Payroll Protection Program (PPP) Loan, was it forgiven*

Yes

No

List

If yes, please provide details.

Loan Amount

Present Balance

Payment Amount

Term

Interest Rate

Maturity Date

Are you presently subject to an indictment, criminal investigation, arraignment, or other means by which formal criminal charges are brought in any jurisdiction, or presently incarcerated, on probation or parole?*

Yes

No

Within the last 7 years, for any felony or misdemeanor for a crime against a minor, have you been convicted; pleaded guilty; pleaded nolo contendere; been placed on pretrial diversion; or been placed on any form of parole or probation (including probation before judgment)?*

Yes

No

I am a U.S. Citizen or a Lawful Permanent Resident*

Yes

No

Please check the items you would like to upload now with your application

2 years of the most recent federal income tax returns for the business

End of year business financial statements

Current business financial statements - balance sheet and profit and loss statement **

Personal financial statement for each 20% or more ownership in the business. **

NONE (This could prolong the approval of this application)

** Within 90 days

File Upload

Drop files here or

Max. file size: 256 MB.

CERTIFICATIONS*

I certify in good faith to all below:
• Current economic uncertainty makes this loan request necessary to support the ongoing operating of the applicant.
• The funds will by used to finance short-term working capital/operating needs including raw materials, inventory, and other operating expenses. Funds MUST NOT be used to finance capital expenditures or refinancing of existing debt or payment of delinquent taxes.
• I give my consent for the South Plains Association of Governments (SPAG) to have access to my personal/business credit history now and throughout the term of my financing with SPAG.
• I affirm the tax documents provided are identical to the those submitted to the IRS.
• I certify that I will be personally guaranteeing this loan.

I agree

REPRESENTATIONS AND AUTHORIZATIONS*

I represent that:
• I have read the Statement Required by Law and Executive Order included in this form, and I understand them.
• I will comply, whenever applicable, with the Civil Rights and other limitations in this form.
• All loan proceeds will be used only for business related purposes as specified in the loan application.
• To the extent feasible, I will purchase only American-made equipment and products.
• The Applicant is not engaged in any activity that is illegal under Federal, State, or local law.

I agree

Certifications*

I hereby certify that the information provided in this application and the information that I have provided in all supporting documents and forms are true and accurate. I realize that knowingly making a false statement to obtain a guaranteed loan is punishable under 18 USC 1001 and 3571 by imprisonment of not more than five years and/or a fine of up to $250,000; under 15 USC 645 by imprisonment of not more than two years and/or a fine of not more than $5,000; and, if submitted to a Federally insured institution, under 18 USC 1014 by imprisonment of not more than thirty years and/or fine of not more than $1,000,000.

Signature of Authorized Representative of the Business*

Print Name*

Date*

MM slash DD slash YYYY

Is the Authorized Representative of the Business also the Owner of the Applicant Business?*

Yes

No

Signature of owner of Applicant Business*

Print Name*

Date*

MM slash DD slash YYYY

806-762-8721
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SPAG_TX
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