Castellum, Inc. announces that it has retired its term loan with Live Oak Banking Company (Live Oak Bank). Castellum originally borrowed $4 million from Live Oak Bank in August 2021 as part of its acquisition of its subsidiary, Specialty Systems, Inc. Castellum?s total outstanding debt has been reduced to $10.3 million and is expected to continue to decrease as, starting in September 2024, the Company will begin making monthly principal payments on the Buckhout Charitable Trust promissory note.