Safe Harbor Financial Successfully Exits $3.1 Million Loan in Default, Collecting 100% of Principal, Plus Over $200,000 in Accrued Interest
SHFSSHF (SHFS) GlobeNewswire News Room·2024-07-09 20:00

GOLDEN, Colo., July 09, 2024 (GLOBE NEWSWIRE) -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced today that it successfully exited a 3.1millionloanthatwaspreviouslyindefault.Inadditiontothefullrepaymentoftheprincipal,SafeHarborreceived3.1 million loan that was previously in default. In addition to the full repayment of the principal, Safe Harbor received 202,175 in accrued interest, all of which will be reallocated into its lending and credit lin ...