Standard Premium Finance Expands Credit Facility to $115 Million Amid Strong Growth
Standard Premium Finance is expanding its operations through a $115 million credit facility increase and strategic hires while maintaining disciplined underwriting standards as the company targets NASDAQ uplisting and geographic expansion.
Standard Premium Finance (OTCQX: SPFX), a Miami-based specialty finance company, has increased its revolving credit facility to $115 million, providing additional liquidity to fund loan originations and support growth initiatives. The expansion signals confidence from lending partners in the company's business model and financial discipline according to CEO and Chairman William Koppelmann.
The company, which provides insurance premium financing solutions for property and casualty insurance, has experienced significant financial growth with revenue increasing 25% year-over-year in 2024 and net income surging 84% compared to 2023. Loan originations have continued to rise in double digits during 2025, positioning the company for what Koppelmann describes as a breakout year.
As part of its expansion strategy, Standard Premium Finance recently added industry veteran Renee Magness to its sales team, focusing on the Midwest market. This geographic expansion aligns with the company's risk management approach of increasing geographic diversity to distribute regulatory and market risk. Koppelmann emphasized that despite scaling operations, the company maintains strict underwriting discipline and credit risk standards, combining decades of industry experience with proprietary data analytics.
Technology plays a central role in the company's growth plan, with proprietary systems providing flexibility for innovation and enhanced features. The company is working to integrate more closely with agent and carrier systems while providing customer portals for borrower self-service and transparency. These technological capabilities have become essential requirements rather than optional features in today's market environment.
Looking ahead, Standard Premium Finance has several key priorities including uplisting to NASDAQ to increase shareholder liquidity and capital markets visibility. The company is also exploring synergistic opportunities within the specialty finance space beyond insurance premium finance. Koppelmann noted that consistent execution could position the company to grow revenue materially while maintaining strong returns and becoming a go-to partner in the broader financial ecosystem.
The company differentiates itself through its emphasis on combining service with competitive, flexible financing structures, maintaining operational capabilities that larger, bank-owned competitors often lack the nimbleness to provide. For agents and carriers evaluating premium financing providers, Koppelmann identified service, transparency, technology, financial stability and partnership incentives as key characteristics separating top-tier providers from average ones.
Standard Premium Finance provides collateralized loans for customers seeking payment flexibility on their insurance policies, operating in what Koppelmann describes as a multi-billion dollar niche industry that works behind the scenes of the insurance market. The company has supplied loans surpassing $1.5 billion to businesses and individuals since its inception in 1991, growing from a local Florida contender to what Koppelmann characterizes as a regional powerhouse with national aspirations.