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Hi Barry and welcome. It is tube fed and has an oversized loop. Cheers, stay safe and enjoy!

Loads through the side gait into the tube under the barrel, or you can remove the rod in the tube to load it.. Smith doesn't show one on their sight.

Hi Barry, this is tube fed and it has a large loop. Stay safe & have a great day!

tube feed with large loop here is a review of the gun https://www.shootingtimes.com/editorial/smith-wesson-model-1854-lever-gun-review/506186#:~:text=The%20Model%201854%20.44%20Magnum%20lever-action