Standard Premium Strengthens National Presence to Forty States with New License Approvals

Core Insights - Standard Premium Finance Holdings, Inc. has expanded its operating footprint to 40 states with new licensing approvals in 2025, including New Jersey, New York, North Dakota, Pennsylvania, and Utah, following a previous expansion in 2024 [1][2] - The company has increased its capital availability with a recently expanded $115 million line of credit, which more than doubled its capital resources, enabling execution of its geographic growth plan [2] - Achieving 40 state approvals is a significant milestone in the company's long-term growth strategy, enhancing customer base and portfolio diversification [3] Company Strategy and Operations - The expansion reflects a disciplined approach to market entry and regulatory compliance, ensuring strong relationships with state departments of insurance and operational readiness for seamless onboarding of agents and policyholders [2] - The licensing achievements support broader initiatives to enter new regional markets and deliver consistent value to stakeholders [4] - Standard Premium has financed premiums on over $2 billion of property and casualty insurance policies since 1991 and is actively seeking M&A opportunities to leverage economies of scale [5]