---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-078561"
form_type: "8-K"
ticker: "SWAG"
cik: "0001872525"
company_name: "Stran & Company, Inc."
filed_at: "2024-09-13T23:59:59+00:00"
generated_at: "2026-05-31T05:02:31.477336+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Salem Five terminates Stran's $7M credit line; no outstanding borrowings

## Summary
- Salem Five Cents Savings Bank terminated $7M revolving credit facility effective Aug 26, 2024 due to policy conflict with new factoring arrangement.
- No funds were drawn on the line at termination; no immediate cash impact on the company.
- Subsidiary Stran Loyalty Solutions entered a factoring arrangement on Aug 23, 2024 for AR financing; company provided secured guarantee.
- Credit line was originally from Nov 2021, amended Feb 2024; termination closes the facility entirely.

## SEC filing metadata
- accession: 0001213900-24-078561
- form_type: 8-K
- ticker: SWAG
- cik: 0001872525
- company_name: Stran & Company, Inc.
- filed_at: 2024-09-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1872525/000121390024078561/0001213900-24-078561-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1872525/000121390024078561/ea0214443-8k_stran.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-078561
- JSON: https://secwatch.observer/filing/0001213900-24-078561.json
- Plain text: https://secwatch.observer/filing/0001213900-24-078561.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.