Standard Premium Finance

What Standard Premium Finance does

Standard Premium Finance is a Florida-based specialty finance company that provides insurance premium financing for commercial property and casualty insurance policies. Founded in 1991 by Leonard Boatwright and William Koppelmann and headquartered in Miami, the company has financed over $2 billion in property and casualty premiums across more than 27,000 new loan originations in fiscal year 2025 alone, with individual loan sizes ranging from $500 to over $500,000. The company serves independent insurance agents, brokers, Managing General Agents (MGAs), and wholesale brokers, as well as the underlying businesses and individuals financing their commercial P&C premiums, operating through a multi-channel distribution model anchored by regional sales teams, a self-service online platform, and an agent rewards program (SPARC).

The company generates revenue through interest charges and origination fees on its loan portfolio (FY2025 gross revenue of $12.5 million, up 2.7% year-over-year; Q1 2026 net income exceeding $1 million for the first time in company history). Its core technology is a state-of-the-art online platform enabling agents and clients to manage premium finance accounts from quote to funding, with separate customer and agent login portals. Operating in 43 states and the District of Columbia as of May 2026 (up from 9 states in 2021), Standard Premium Finance is publicly traded on the OTCQX under ticker SPFX (since June 2022) and is led by co-founder and CEO William Koppelmann and CFO Brian Krogol, supported by a six-member independent board and a $115 million syndicated revolving credit facility led by First Horizon Bank, Flagstar Bank, and Cadence Bank.

Name

Standard Premium Finance

Legal name

Standard Premium Finance Management Corporation

Website

https://standardpremium.com

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Standard Premium Finance is a Miami-based specialty lender providing insurance premium financing for commercial property and casualty policies, with loan sizes from $500 to over $500,000, serving independent insurance agents, brokers, MGAs, and policyholders across 43 U.S. states and DC.

Ownership category

akta.pro rank

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Loan Interest and Origination Fees: Standard Premium Finance generates revenue through interest charges and origination fees on loans used to finance property and casualty insurance premiums. Loan amounts range from $500 to more than $500,000.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Standard Premium Finance provides commercial insurance premium financing to businesses and individuals, converting large upfront property and casualty insurance premium payments into manageable installment loan structures. Loan amounts range from $500 to more than $500,000, and the company serves independent insurance agents, brokers, MGAs, and wholesalers through a state-of-the-art online quote-to-funding platform across 40+ U.S. states.

Product overview

Standard Premium Finance offers a unified premium financing platform consisting of core insurance premium financing services for commercial property and casualty policies, an online account management platform for agents and customers, and the SPARC rewards program. The company provides financing solutions from $500 to over $500,000, facilitated through state-licensed operations across 40+ states.

Differentiator

Problem solved

Functional benefit

Brands

• SPARC: Standard Premium Advantage Rewards Club - a rewards program for agents offering points for every $1,000 financed, redeemable for travel and merchandise

Products and services

• Premium Financing Solutions

Quantifiable outcome

• Loan originations of $158.1 million in FY2025
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Latin American Association of Insurance Agencies (LAAIA)coreGTM or Marketing Partner · 23 June 2026LAAIA represents independent insurance agents representing over $1 billion in premiums. Standard Premium sponsors the organization's Annual Convention and participates in monthly networking events and continuing education programs.
• The Woodlands Financial Group (TWFG)coreChannel Partner/ Reseller/ Distributor · 11 June 2026TWFG is a leading independent insurance distribution platform with 750+ agents. Standard Premium participated in TWFG's 25th Anniversary National Agent Convention and has an active partnership to provide premium financing solutions to TWFG's agent network.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• First Insurance Funding: A leading premium finance company owned by Canadian Imperial Bank of Commerce (CIBC). Competes head-to-head with Standard Premium Finance in the P&C premium lending market, particularly for commercial lines, with deeper capital resources.
• IPFS Corporation: Major US premium finance company (formerly Imperial PFS) providing financing for commercial and personal lines P&C premiums. Directly competes with Standard Premium Finance for the same independent agent channel and similar borrower segments.
• AFCO Premium Finance: One of the largest independent premium finance companies in the United States, owned by Truist Insurance Holdings. Directly comparable as a P&C premium finance lender serving independent agents and brokers nationwide, with substantially greater scale and capital backing.
• Bankers Insurance Premium Finance: Premium finance arm offering installment financing for P&C insurance premiums through independent agents. Directly comparable business model and target customer base to Standard Premium Finance.

Others

• PROG Holdings: Public specialty finance company (NYSE: PRG) operating lease-to-own and consumer financing programs. Comparable as a small-cap public specialty finance lender that monetizes through interest/fees on underwritten installment credit.
• Regional Management Corp: Public consumer installment loan company (NYSE: RM) operating branch-based lending to underbanked consumers. Comparable as a small-cap public specialty finance lender with similar interest-yield revenue mechanics.
• Enova International: Public online specialty finance company (NYSE: ENVA) providing installment loans and credit products to non-prime consumers and small businesses. Comparable as a digital-first specialty lender with similar interest-yield revenue model and small-cap public profile.
• World Acceptance Corporation: Public consumer installment loan company (NASDAQ: WRLD) serving underbanked consumers through a branch-based model. Comparable as a small-cap public specialty consumer finance lender monetizing interest on underwritten installment loans.
• OneMain Holdings: Large public consumer finance company (NYSE: OMF) specializing in personal installment loans to non-prime borrowers. Comparable as a public specialty lender with similar revenue model (interest income on installment loans), though serving consumer rather than P&C premium financing.

Broad incumbents

• JPMorgan Premium Finance: Premium finance operations of JPMorgan Chase, serving large commercial accounts and high-net-worth personal lines clients. Comparable product offering but operates as a much larger, diversified financial institution rather than a focused specialist lender.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/standardpremium
• LinkedInlinkedin.com/company/standard-premium-finance-management-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Standard Premium Finance