Facebook Twitter Email
JULY 2, 2001

The Cherokee Nation of Oklahoma has agreed to make a $1 million loan to help bail out a tribal bueiness but only if the firm conducts a nationwlde search for a new CEO.

Terming it a short-term cash flow problem, Cherokee Nation Industries said it would face credit status problems without a loan. But some questioned whether the firm had bigger woes, including leadership.

Hiram McFarland resigned as CEO of the firm last week. CNI is an electrical services company that employs 157 people.

Get the Story:
Cherokees OK $1 million loan (AP 7/1)

Relevant Links:
The Cherokee Nation - http://www.cherokee.org

Related Stories:
Cherokee Nation holding back on loan (6/21)
Tribal business in trouble (6/7)