Category Archives: USDA

First National Bank of Oklahoma recently refinanced the equipment fleet of Bixby, OK based 266 Native using a USDA Business & Industry (B&I) guaranteed loan, which provided longer terms and amortization than were available through its equipment vendors

First National Bank of Oklahoma recently financed the Twain Lumber Company purchase of a a closed sawmill in Martinsville, Virginia, using a USDA Timber Production & Expansion guaranteed loan, which created an estimated 50 to 100 high-paying jobs in the surrounding community

First National Bank of Oklahoma recently closed a $14 million USDA Timber Production Expansion Program (TPEP) guaranteed loan to finance the acquisition of a sawmill and kiln operation in south central Mississippi.

First National Bank of Oklahoma recently financed the real estate purchase of the Pizza Inn in Ponca City using a USDA Business & Industry guaranteed loan, which allowed the existing operator to move from operating the Pizza Inn location to owning the underlying real estate.