Standard Premium Finance Expands Credit Facility to $115 Million Amid Strong Growth
TL;DR
Standard Premium Finance's expanded $115 million credit facility and proprietary technology provide competitive financing structures that help agents retain clients against larger competitors.
Standard Premium Finance provides collateralized loans for insurance premiums through disciplined underwriting, proprietary data analytics, and integration with agency management systems.
Standard Premium Finance helps businesses and individuals manage cash flow and protect assets by making insurance coverage more accessible through flexible payment solutions.
Standard Premium Finance grew from a local Florida contender to a national powerhouse, originating over $1.5 billion in loans since its 1991 founding.
Standard Premium Finance (OTCQX: SPFX), a Miami-based specialty finance company specializing in insurance premium financing, has announced significant expansion initiatives including a $115 million credit facility increase and strategic hiring to support its growth strategy. The company, which has provided over $1.5 billion in loans since its inception in 1991, focuses on providing collateralized loans for property and casualty insurance policies, operating in what CEO William Koppelmann describes as a multi-billion dollar niche industry.
The expansion of the revolving credit facility to $115 million represents a key milestone for the company, providing the necessary liquidity to fund additional loan originations and support continued growth. According to Koppelmann, this expansion signals confidence from lending partners in the company's business model and financial discipline. The increased capital availability allows Standard Premium Finance to serve more agents and policyholders while maintaining a strong balance sheet position.
Concurrent with the credit facility expansion, the company has added industry veteran Renee Magness as a new sales representative in the Midwest region. This strategic hire aligns with the company's geographic expansion strategy and leverages Magness's extensive experience and customer relationships in the Midwest market. The company's approach combines local market expertise with national scale, encapsulated in their slogan Local Presence, National Power.
The company's financial performance has shown strong momentum, with 2024 revenue increasing 25% year-over-year and net income surging 84% compared to 2023. Loan originations have continued to show double-digit growth during 2025, reflecting the company's successful execution of its growth strategy. More detailed financial information is available through the company's public filings at https://www.standardpremiumfinance.com.
Technology plays a central role in Standard Premium Finance's competitive strategy. The company develops and maintains proprietary technology systems that enable seamless integration with agent and carrier management systems, online customer portals, and automated reminder systems. This technological infrastructure supports the company's ability to provide digital experiences that meet evolving customer expectations while maintaining operational efficiency.
Risk management remains a critical focus as the company expands. Koppelmann emphasizes maintaining strict underwriting discipline and leveraging proprietary data analytics to ensure consistent credit risk standards. The company's geographic diversification strategy helps mitigate concentration risk while expanding market reach. This balanced approach allows the company to scale operations without compromising portfolio quality.
Looking forward, Standard Premium Finance has identified several strategic priorities for the next 3-5 years, including uplisting to NASDAQ to increase shareholder liquidity and market visibility. The company is also exploring synergistic opportunities within the broader specialty finance space beyond insurance premium financing. These initiatives align with the company's vision of becoming a go-to partner in the financial ecosystem while maintaining strong returns.
The company's expansion and technological investments have implications for insurance agents, carriers, and policyholders seeking premium financing solutions. As Koppelmann notes, the technological capabilities of premium financing providers can significantly impact agents' ability to retain business and serve clients effectively. The company's growth and stability provide additional options for businesses and individuals seeking flexible payment solutions for insurance coverage.
Standard Premium Finance's Miami headquarters location provides access to a dynamic financial services ecosystem and growing network of insurance professionals. The company benefits from the city's status as an emerging financial hub and its diverse, entrepreneurial business environment. This geographic positioning supports the company's ability to attract talent and maintain competitive advantages in the specialty finance sector.
Curated from citybiz
