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1st Commercial Credit Launches $20 Million Ledger Lines Program, Partners with Banks to Expand Working Capital Access

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New revolving receivable-based facility fills critical lending gap for mid-market companies facing limited ABL and bank loan options

AUSTIN, Texas, May 23, 2025 /PRNewswire/ –1st Commercial Credit, LLC, a national leader in accounts receivable financing, trade payable finance, and invoice factoring, announces the launch of its new Ledger Lines program—providing revolving credit facilities of up to $20 million, backed by receivables and tailored for high-growth businesses.

New Ledger Lines program—providing revolving credit facilities from $3 and up to $20 million.

With Ledger Lines, businesses generating at least $3 million in monthly invoices can access up to 90% of receivable value as working capital. The structure avoids traditional debt by documenting the facility as a continuing receivable purchase, providing fast and flexible funding without complex loan covenants.

“Ledger Lines are designed for companies that are too big for traditional factoring but not well-served by bank lending or rigid ABL structures,” said Raul Esqueda, President of 1st Commercial Credit. “By working in partnership with banks and advisors, we’re helping companies replace high-cost debt and unlock working capital without disrupting their existing financial relationships.”

Key Benefits of the Ledger Lines Program:

Credit lines from $3 million to $20 millionUp to 90% advance on eligible receivablesFunding in as little as 3 weeksNo traditional debt added to the balance sheetBanks may subordinate receivables while maintaining existing term loansOptional credit insurance to reduce riskAvailable to industries such as manufacturing, staffing, transportation, security, and importers

The company reports growing demand from investment bankers, restructuring advisors, and bank workout departments who are turning to 1st Commercial Credit to support clients with cash flow constraints, MCA obligations, or seasonal volatility. Ledger Lines enables a seamless transition from high-cost loans and unscalable ABL products to receivables-based funding that grows with the business.

To qualify, companies must maintain up-to-date financials, demonstrate profitability, and have a Chief Financial Officer overseeing internal operations. A Deposit Account Control Agreement (DACA) is also required to control receivable proceeds.

Solving the $3M–$10M ABL Gap

With many traditional asset-based lenders pulling back due to rising defaults and low margins, businesses in the $3M–$10M range are often left with few viable financing options. According to Esqueda, the complexity and cost of underwriting ABL deals at this size often exceed the returns.

“Ledger Lines provide a scalable alternative to ABL,” said Esqueda. “We remove the bottlenecks of traditional credit underwriting and give clients a funding solution that adjusts with their receivable base—not their collateral mix.”

Backed by Technology and Trade Credit Protection

Ledger Lines builds on 1st Commercial Credit’s $6 billion funding milestone achieved in 2024, and its $200 million in receivables insurance coverage. The program is powered by the company’s proprietary MyBizPad® platform, which automates funding requests, and real-time receivables tracking—ensuring operational efficiency and transparency for clients.

Contact Information:

1st Commercial Credit, LLC
6500 River Place Blvd, Building 7, Suite 250, Austin, TX 78730
(800) 876-6071
www.1stcommercialcredit.com

About 1st Commercial Credit

Founded in Austin, Texas, 1st Commercial Credit, LLC is a privately-owned factoring company, a leader in receivable-based financing, purchase order financing and trade payable finance. Serving businesses across the U.S. and select international markets, the firm specializes in non-debt capital solutions for manufacturing, staffing, transportation, and importing companies—empowering businesses to scale without traditional borrowing.

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SOURCE 1st Commercial Credit, LLC

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Edible Arrangements® Unveils All-New Mobile App and Reimagined Edible Rewards™ Program

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The new mobile platform and updated loyalty program bring personalized gifting, exclusive perks and seamless repeat ordering together in one place

ATLANTA, June 15, 2026 /PRNewswire/ — Edible Arrangements® (Edible), the innovative e-commerce retail hub and modern gifting destination under the Edible Brands® portfolio, today announced the launch of its redesigned mobile app and reimagined Edible Rewards™ program, introducing a more personalized, seamless and rewarding way for customers to celebrate every occasion.

Available on iOS and Android, the all-new Edible app was redesigned to make gifting easier and more intuitive from discovery to checkout. Featuring personalized tools like gift reminders, tailored recommendations, saved addresses and quick reorder functionality, the experience helps customers celebrate every meaningful moment while simplifying the gifting process from start to finish.

Alongside the app update, Edible is launching a new rewards program featuring four membership tiers that give customers access to more benefits the more they shop. Existing members’ points and rewards will automatically transfer into the new program experience. Customers can earn points on every order and redeem points for discounts, free treats and app-exclusive perks. The rewards program also includes welcome offers, birthday perks and personalized savings designed to make every gifting occasion more rewarding.

“People want gifting to feel easy, thoughtful and personalized – especially in a world where everyone is juggling so much,” said Somia Farid Silber, chief executive officer of Edible Brands. “With the new app and Edible Rewards program, we wanted to create an experience that helps customers remember important moments, discover the right gift faster and feel rewarded every time they come back to us. It’s all part of continuing to evolve the brand in ways that better fit how people celebrate today.”

Customers can download the Edible app and enroll in Edible Rewards to begin earning points, receive a welcome reward and unlock exclusive app-only offers and perks. To browse Edible’s full collection of gifting options and learn more about Edible Rewards, visit edible.com.

About Edible Brands®
Atlanta-based Edible Brands® acquires, develops and manages a world-class portfolio of consumer brands renowned in the hospitality and foodservice sectors. Edible Brands has skillfully integrated an innovative e-commerce platform with a robust network of locally owned stores worldwide to meet consumers where they are. Edible Brands’ growing portfolio includes Edible Arrangements®, edibles.com®, and Rōti® Modern Mediterranean. For more information, visit ediblebrands.com.

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SOURCE Edible Brands

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Atom Computing and Phasecraft Announce Strategic Collaboration to Accelerate Development of Next-Generation Materials

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BOULDER, Colo. and LONDON, June 15, 2026 /PRNewswire/ — Atom Computing and quantum algorithms company Phasecraft today announced the signing of a Memorandum of Understanding (MOU) to explore how application-focused algorithms can be used to benchmark progress toward utility-scale quantum computers.

Through this MOU, the companies will collaborate on accelerating the delivery and adoption of quantum solutions in key application areas, such as the development of materials for batteries and photovoltaics. Through adapting Phasecraft’s advanced algorithms and software to Atom Computing’s neutral-atom quantum computing hardware, the collaboration aims to accelerate the path towards useful applications in materials science and energy.

Atom Computing continues to lead the quantum computing industry through its pioneering work in neutral-atom quantum technology. The company recently demonstrated a breakthrough in quantum error correction using toric code and announced a $100 million Letter of Intent with the U.S. Department of Commerce. Atom Computing is also deploying the world’s first commercial quantum computer with logical qubits and performing in Stage B of DARPA’s Quantum Benchmarking Initiative (QBI), where it is demonstrating its pathway to utility-scale quantum computing.

Phasecraft is the leading UK and US-based quantum algorithms company, developing advanced quantum algorithms to solve real-world problems in materials discovery, chemistry, and optimization. Its focus is on making quantum computing practical today by designing software that works with existing imperfect hardware, bridging the gap between current technology and future large-scale quantum systems.

“Unlocking the true commercial potential of quantum computing requires a tight synergy between breakthrough hardware and hardware-optimized software,” said Dr. Ben Bloom, CEO and Founder of Atom Computing. “By fine-tuning Phasecraft’s industry-leading algorithmic methods to our neutral-atom architecture, we can pave the way for a new generation of commercial applications in materials science and sustainable technology.”

“We are excited to collaborate with Atom Computing to advance quantum applications in material science,” said Prof. Ashley Montanaro, CEO and Co-Founder of Phasecraft. “Real-world quantum utility will come from combining advances in hardware with equally powerful advances in algorithms. By bringing together Atom’s scalable quantum computing platform and our hardware-adaptive algorithms, we can accelerate progress towards applications in energy storage, solar technology, and advanced materials.”

By aligning cutting-edge neutral-atom quantum computers with purpose-built quantum software, this collaboration represents a decisive step toward realizing quantum advantage in critical industries and accelerating innovation across the global energy and materials landscape.

About Atom Computing

Atom Computing is developing large-scale quantum computers to enable companies and researchers to achieve unprecedented computational breakthroughs. Utilizing highly scalable arrays of optically trapped neutral atoms, the company has developed systems with over 1,200 qubits, featuring advanced capabilities towards fault-tolerant quantum computing. Atom Computing’s on-premises systems provide customers with new computational tools and logical qubit capabilities to address increasingly complex applications and to grow their quantum ecosystem. In 2025 Atom Computing sold its first commercial on-premises quantum computer to QuNorth, a Nordic quantum initiative funded by EIFO and Novo Nordisk Foundation. Learn more at atom-computing.com and follow us on LinkedIn.

About Phasecraft

Phasecraft is the quantum algorithms company whose mission is to accelerate the practical application of quantum computing by redesigning quantum algorithms for the imperfect quantum computers of today. Phasecraft was founded in 2019 by Toby Cubitt, Ashley Montanaro, and John Morton, expert quantum scientists who have spent decades leading top research teams at UCL and the University of Bristol. Phasecraft works in partnership with leading quantum hardware companies, including Google, IBM, Quantinuum, and QuEra, academic and industry leaders, to develop high-efficiency algorithms to move quantum computing from experimental demonstrations to useful applications. Learn more: www.phasecraft.io.

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SOURCE Atom Computing

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Canary Technologies Launches Agentic Sales Coordinator for Hotel Group and Event Sales

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New AI solution captures, qualifies and converts group and events sales leads — from first contact to confirmed booking.

SAN FRANCISCO, June 15, 2026 /PRNewswire/ — Canary Technologies, the award-winning global leader in agentic AI for hotel and guest management, today announced the launch of the Agentic Sales Coordinator, a new solution that autonomously manages hotel sales, groups and events workflows, from first inquiry to confirmed booking. Powered by Canary AI, built specifically for hospitality, the solution drives more group and event leads and improves the quality of sales pipeline, so teams seamlessly close more business.

Agentic Sales Coordinator works inquiries the moment they arrive to capture more group & event revenue.

Hotel sales teams face a compounding problem: too many unvetted opportunities, too little time to qualify them and no reliable way to know which opportunities are worth pursuing. The result is missed leads, delayed responses and hours spent on administrative work that pulls teams away from closing deals.

The Agentic Sales Coordinator works every inquiry the moment it arrives to capture more group and event revenue from the pipeline hotels already generate.

“Hotel sales has always been a relationship business, but too much of the day gets lost to the work that surrounds it,” said Harman Singh Narula, Co-Founder and CEO of Canary Technologies. “The Agentic Sales Coordinator changes that, delivering more leads, higher-quality opportunities and the time to pursue them — a combination that closes more deals.”

The Agentic Sales Coordinator expands Canary’s suite of AI solutions for hotel operations including AI Voice, AI Contracts, AI Webchat, AI Guest Messaging and more.

Canary will unveil the Agentic Sales Coordinator at the HSMAI Commercial Strategy Conference and HITEC 2026, taking place June 15–18 in San Antonio, Texas. To learn more, visit www.canarytechnologies.com.

About Canary Technologies

Canary Technologies is modernizing the hotel tech stack with its award-winning agentic AI platform for hotel and guest management. Digitizing guest touchpoints from discovery to post-stay, Canary’s cutting-edge solutions simplify hotel operations, increase revenue, and elevate the guest experience. Enabling these innovations is Canary AI, the most advanced artificial intelligence built specifically for hotels.

Trusted by over 20,000 hotels in 100+ countries, Canary powers hospitality at the world’s most renowned brands, including Marriott International, Four Seasons, Choice Hotels, Wyndham Hotels & Resorts, BWH Hotels, and Intercontinental Hotel Group. Recognized as the #1 Guest Experience Platform by HotelTechReport for multiple years, Canary has earned recognition from Deloitte, Business Insider, Fast Company, the American Hospitality and Lodging Association, TravelTech Breakthrough, Hotel Visionary Awards and more.

For more information, visit https://canarytechnologies.com.

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SOURCE Canary Technologies

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