Standard Premium Finance Holdings Increases Line of Credit with First Horizon Bank to Support Ongoing Growth

MIAMI, June 17, 2025 (GLOBE NEWSWIRE) -- Standard Premium Finance Holdings, Inc. (OTCQX:SPFX) (Standard Premium), a leading specialty finance company, today announced an increase to its revolving line of credit with First Horizon Bank (NYSE:FHN), a leading regional bank operating in 12 states across the southern U.S. The amendment raises Standard Premium's borrowing capacity from $45 million to $50 million, supporting the Company's strategic growth trajectory.

"Standard Premium has consistently demonstrated strong performance and thoughtful leadership in a dynamic market," said Jake McCrary, managing director, First Horizon Bank. "First Horizon has maintained a strong relationship with Standard Premium since it became a client in 2021."

The amended line of credit, effective since May 21, 2025, marks the fourth modification to the loan agreement since its inception in 2021. The increased commitment comes at a pivotal time for the Company, which ...