Stran & Company ( (SWAG) ) has issued an announcement.
Stran Loyalty Solutions, a subsidiary of Stran & Company, has entered into a new accounts receivable financing arrangement, which led to Salem Five Cents Savings Bank terminating its previous Revolving Line of Credit with Stran & Company due to a policy conflict. The termination took effect without any outstanding balance on the credit line, marking a shift in Stran & Company’s financial strategy with no material relationships reported between the entities involved outside of these transactions.
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