---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-009050"
form_type: "8-K"
ticker: "SGRP"
cik: "0001004989"
company_name: "SPAR Group, Inc."
filed_at: "2026-03-19T23:59:59+00:00"
generated_at: "2026-05-15T09:33:57.904254+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SPAR Group subsidiary gets $4M unsecured loan from PC Group; issues 1M shares as consideration

## Summary
- SPAR Marketing Force borrows $4M at 8% fixed interest, 36-month term, monthly interest-only payments, principal due March 2029.
- Initial drawdown of $3M on March 16, 2026; additional $1M available for draw in July 2026.
- SPAR Group to issue 1,000,000 shares of common stock to PC Group at $0.80/share ($800k) within 30 days, applied as credit against final principal.
- Price protection: if SGRP issues shares below $0.80 during term, additional shares issued to preserve $800k economic value.
- SPAR Group unconditionally guarantees all payment and performance obligations of the borrower subsidiary.

## SEC filing metadata
- accession: 0001437749-26-009050
- form_type: 8-K
- ticker: SGRP
- cik: 0001004989
- company_name: SPAR Group, Inc.
- filed_at: 2026-03-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004989/000143774926009050/0001437749-26-009050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004989/000143774926009050/sgrp20260318_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-009050
- JSON: https://secwatch.observer/filing/0001437749-26-009050.json
- Plain text: https://secwatch.observer/filing/0001437749-26-009050.txt

## Key facts
- Material Agreements
  SPAR Group, Inc. entered into Senior Unsecured Promissory Note with PC Group, Inc. valued at $4,000,000 (effective 2026-03-13).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: PC Group, Inc.
  - Value: $4,000,000
  - Effective: 2026-03-13
  source text: On March 14, 2026, SPAR Marketing Force, Inc. (" SMF "), a wholly owned subsidiary of SGRP and part of the Company, entered into a $4,000,000 unsecured loan arrangement (the " Loan ") with PC Group, Inc. (" PC Group "). The Loan is evidenced by a Senior Unsecured Promissory Note (the " Note " ) issued by SMF as borrower to PC Group, as lender, and effective as of March 13, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004989/000143774926009050/0001437749-26-009050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.