Standard Premium Finance Holdings, Inc.
Standard Premium Finance Holdings, Inc. is a U.S.-based insurance premium finance company that funds commercial insurance premiums for businesses through installment loans. The company operates through its wholly owned subsidiary, Standard Premium Finance Management Corporation, and originates loans primarily through insurance agents and an in-house sales network.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueLoans used by businesses to pay insurance premiums in installments rather than upfront.
Fees charged when new premium finance loans are originated.
Ancillary charges tied to delinquency, servicing, and loan administration.
Products
Reported · share of revenue- Finance Charges88.0 %
- Late Charges9.1 %
- Origination Fees2.9 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
The company serves commercial insurance policyholders that want to spread premium payments over time instead of paying the full amount upfront. Its borrowers are typically businesses purchasing commercial coverage, with loans sourced through insurance agents and marketing representatives. Repeat borrowers can maintain multiple loans concurrently, which makes the agent relationship and servicing process important to retention.
Businesses that borrow to finance commercial insurance premiums and preserve cash flow.
Distribution partners that refer borrowers and help originate premium finance loans.
Existing customers that return for additional premium finance loans across policy renewals.
Strategy
The company’s strategy is to expand organically into additional states while deepening relationships with insurance agents and marketing representatives. It also relies on maintaining and extending its credit facility so it can fund more originations as the loan book grows. A broader licensing footprint and stronger distribution network are central to increasing loan volume and repeat business.
More licensed states increase the company’s addressable market and origination opportunities.
The business needs funding capacity to support loan originations and receivables growth.
Insurance agents are the main source of loan referrals and are critical to scalable origination.
Geography
The company originates loans primarily in Florida, but it also operates across a growing set of U.S. states. It has expanded licensing to 39 states and currently finances premiums in Arizona, Colorado, Connecticut, Florida, Georgia, Massachusetts, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Texas, and Virginia. Geography matters because state licensing, agent relationships, and local market penetration determine where the company can originate loans and scale its distribution.
Risks
The main business risk is credit loss on premium finance receivables, including borrower nonpayment and the possibility that refunded premiums or agent payments do not fully cover outstanding balances. The company also depends on a revolving credit facility to fund originations, so refinancing, maturity, or rate risk can affect growth and liquidity. Because the business is tied to insurance distribution and state licensing, operational execution and regulatory compliance across multiple jurisdictions are also important risks.
Borrowers may fail to pay and refunded premiums may be insufficient to cover principal.
Exposure: Loan receivables and allowance for credit losses
The business relies on a large revolving line of credit to originate loans and support growth.
Exposure: Line of credit maturity and capacity
The line of credit carries a variable rate tied to SOFR, affecting funding expense.
Exposure: Borrowing costs and net interest spread
Premium finance activity depends on state-by-state licensing and compliance.
Exposure: Multi-state operations
Accounting
Judgemental itemsManagement must estimate defaults, recoveries, and payment behavior across portfolio segments.
Impact: Affects provision expense and net income
Loan origination timing and fee recognition drive reported revenue mix.
Impact: Affects quarterly revenue comparability
Variable-rate borrowing and subordinated notes influence financing costs.
Impact: Affects interest expense and liquidity disclosures
Equity awards to directors, employees, and consultants require fair value estimates.
Impact: Affects operating expense
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Last updated: 24/09/2026