FAVO Capital, Inc. and Stewards Investment Capital acquired Favo Group, Llc for the transaction value of $37 million on June 1, 2023. FAVO Capital announce the acquisition of all entities comprising of the FAVO Group of Companies. This acquisition allows FAVO Capital to take the lead funding role and benefit from the foundation built by the FAVO Group of Companies. With this acquisition FAVO Capital will have the necessary resources, expertise, and relationships to expand on its current portfolio and product lines. FAVO Capital will now be able to provide small to medium-sized businesses with end-to-end financial solutions. Revenues for FAVO Group of Companies for year 2022 was $17.5 million. Participated in over 12,300 business fundings across multiple states and industries. Participated in the Syndication of approximately $840 million worth of capital to small and medium size businesses across the United States, which equates to a total Right to Receive of over $1.1 billion of which the company represents 10% of the portfolio. Directly Funded $24.1 million in capital through our direct sales organization. Raised over $22.8 million in Long-Term Debt. Benefited from a further $3.5 million in additional capital through existing and new syndication partners. FAVO Capital Inc. will continue to have two divisions - Lending and Commercial Real Estate (CRE). Lending will fall under the FAVO Capital brand and CRE will be under the FAVO Realty brand. Both divisions will focus on adding long-term value to the brand, shareholders, investors, and partners.

FAVO Capital, Inc. and Stewards Investment Capital completed the acquisition of Favo Group, Llc on June 1, 2023.