Standard Premium Finance Holdings Inc (OTC: SPFX) is an insurance premium finance company that originates short-term loans to help commercial policyholders pay their property and casualty insurance premiums in installments. Revenue comes from three sources: finance charges, late charges, and origination charges. In FY2025, gross revenue was $12,469,770, with finance charges of $10,979,188 (88% of gross revenue), late charges of $1,129,309, and origination charges of $361,273. The company operates as a specialty lender, funding its loan portfolio primarily through a revolving line of credit, which was $75,000,000 with First Horizon Bank as of September 2025. Customers are predominantly small- to medium-sized businesses purchasing commercial property and casualty insurance through independent agents. As of December 31, 2025, the total loan portfolio carried $76,630,634 in outstanding balances across 18,846 loans, with Florida representing the largest concentration at $47,650,451 outstanding. The company is licensed to operate in 37 states. Corporate headquarters are in Miami, Florida.

Revenue model

Transactional lending revenue from three fee types on insurance premium finance loans: finance charges ($10,979,188 in FY2025), late charges ($1,129,309), and origination charges ($361,273). Total gross revenue was $12,469,770 in FY2025, up 2.7% from $12,143,143 in FY2024. The spread between interest earned on loans and interest paid on the revolving credit line is the core unit economics driver.

Products and services

Insurance premium finance loans for commercial property and casualty insurance policies. Loans are written for nine- to ten-month terms, with premiums on financed policies typically ranging from $1,000 upward. Policies are written on a semi-annual or annual basis exclusively. The company funds loans via a $75,000,000 revolving line of credit with First Horizon Bank (as of September 2025), carrying an interest rate of 30-day SOFR plus 2.10% margin, with a minimum rate of 2.60%.

Customers and end markets

Small- to medium-sized businesses seeking property and casualty insurance through local independent insurance agents. Insurance agents serve as the distribution channel; each agent is screened for licensing and standing with state authorities. End market is commercial insurance premium financing.

Value-chain role

Specialty lender intermediary between commercial insurance buyers and insurance carriers, originating and servicing short-term premium finance loans. Funds the loan portfolio by drawing on a senior revolving credit facility and subordinated notes payable. As of December 31, 2025, total contractual obligations were $60,853,843, including $49,233,077 on the line of credit and $11,455,425 in subordinated notes payable. Net cash receipts are deposited daily into a locked account with the primary lender to repay principal.

Geographic exposure

Operates in 37 states as of the FY2025 10-K filing. As of December 31, 2025, Florida was the dominant market with 12,321 loans, $108,954,692 in total premiums, and $47,650,451 outstanding. Other active states include North Carolina (2,520 loans, $5,734,629 outstanding), Georgia (1,827 loans, $5,942,237 outstanding), South Carolina (959 loans, $6,931,229 outstanding), and Texas (895 loans, $5,100,610 outstanding). Corporate headquarters are in Miami, Florida.

Source: SEC 10-K, filed 2026-03-20

Industry: Miscellaneous Business Credit Institution Peers: Gold.com Inc Stewards Inc