Yerby's Appliances, Inc.
Yerby's Appliances, Inc. is located in Ada, OK, and the SBA lists its industry as Electronics and Appliance Retailers. It was approved for an SBA 7(a) loan of $1,269,000 for a change of ownership on September 25, 2025.
SBA 7(a) loan, change of ownership, approved Sep 25, 2025
- Gross approval
- $1,269,000
- SBA-guaranteed amount
- $951,750 (75% of the approval)
- Lender
- Colony Bank, Fitzgerald, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $16,946 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 24, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 449210, Electronics and Appliance Retailers
- Project location
- Pontotoc County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 40% of acquisition loans in Electronics and Appliance Retailers on this site.
- Average acquisition loan in Electronics and Appliance Retailers: $1,482,373.
- Average acquisition loan in Oklahoma: $1,861,759.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in Oklahoma
- Hamby Appliances and Home Goods, L.L.C., Muskogee