Standard Premium Finance Holdings, Inc. (OTCQX: SPFX) has just secured a significantly expanded revolving credit facility offering up to $115 million in borrowing capacity. This agreement includes an initial commitment of $75 million, with an additional $40 million available as an accordion feature. The syndicate for this credit facility is led by First Horizon Bank (NYSE: FHN), and also includes Flagstar Bank (NYSE: FLG) and Cadence Bank (NYSE: CADE), three financial institutions commanding over $220 billion in combined assets.
This new credit agreement represents more than a two-fold increase from Standard Premium’s prior $50 million credit line and features a substantially lower interest rate, which translates into immediate cost savings for the company. The broader borrowing capacity and improved credit terms strengthen Standard Premium’s position to meet the demands of its expanding client base and to pursue strategic growth initiatives within the premium financing industry.
Jack Perkins, Vice President of First Horizon Bank, expressed enthusiasm about the expanded relationship, emphasizing the value of Flagstar and Cadence joining the syndicate. The collaboration signals confidence from major lenders in Standard Premium’s business and growth trajectory.
Standard Premium CEO William Koppelmann highlighted that the credit facility will enable the company to invest in innovation and enhance value for customers and stakeholders alike. The additional funds and flexibility provided by the accordion feature create room to pursue acquisition opportunities and scale operations as demand for premium financing solutions grows across the country.
Since its founding in 1991, Standard Premium Finance Holdings has financed premium payments on over $2 billion of property and casualty insurance policies. Today, it operates in 38 states and continues to seek synergy-driven M&A prospects that leverage economies of scale. The expanded credit line supports these ambitions by providing the financial foundation to extend its footprint and invest in new capabilities.
This latest financial move underscores Standard Premium’s momentum and reflects its commitment to nationwide growth and long-term value creation. As competition intensifies in specialty finance, the company’s enhanced capital resources and lower borrowing costs should improve its ability to serve new and existing clients while delivering shareholder value.
By collaborating with well-capitalized banking partners, Standard Premium is leveraging a big step in positioning itself for the next chapter of growth and operational excellence. The credit facility not only provides near-term financial advantages but also underscores the trust banks place in Standard Premium’s strategy and prospects.
This expanded access to capital arrives at a time when demand for flexible premium financing is rising, underscoring the company’s relevance in the evolving insurance finance landscape. With a stronger balance sheet backing its initiatives, Standard Premium is set to continue growing its influence and service offering across the United States.
