Bernie's Custom Coach of Texas, Inc. v. Small Business Administration and Gulf American Sbl, Inc.

GOLDBERG, Circuit Judge:

This is a usury case arising under the laws of Texas. Bernie’s Custom Coach of Texas, Inc. (“Bernie”) appeals the district court’s summary judgment denying Bernie’s claim that the appellees, Gulf American SBL, Inc. (“Gulf”) and the Small Business Administration (“SBA”), lent Bernie money in violation of Texas’ usury laws. We affirm the district court’s judgment.

FACTS and PROCEEDINGS BELOW

On September 28, 1990, Bernie executed a promissory note in favor of Gulf for the principal sum of $922,000.00, to be repaid over the course of twenty one years. The interest rate was…