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Lyneer subsidiary faces lender default notices and asset sale threat from SLR Business Credit
ATLNCircle8 Group Inc
Circle8 Group Inc.'s Lyneer Staffing Solutions, LLC received a notice of default from its professional employer organization, Employers Personnel, LLC, for alleged payment failures. Simultaneously, lenders SPP Credit Advisors, LLC and North Mill Capital LLC (d/b/a SLR Business Credit) issued notices of default under existing loan agreements. SLR intends to sell substantially all of Lyneer's assets under Article 9 of the Uniform Commercial Code on or after October 27, 2026. Circle8 disputes the validity of these actions and is in discussions with the lenders, who have reserved their rights but taken no further action at this time. The company operates in the staffing and professional employer organization industry.