Standard Premium Finance is a specialty lender focused on financing commercial property and casualty insurance premiums for small and mid-sized businesses. When a business needs to purchase a commercial insurance policy — covering things like auto, general liability, or property — but doesn't want to pay the full annual premium upfront, Standard Premium pays the insurer directly and collects repayment from the business in monthly installments over 9–10 months. The key structural feature of these loans is the collateral: if a borrower defaults, Standard Premium can cancel the underlying policy and collect the unearned premium refund from the insurer, which is designed to cover the outstanding loan balance. Standard Premium does not market directly to borrowers; instead, it works through a network of over 850 independent insurance agents and brokers across 37 states, who recommend the financing service to their clients via an online portal for quoting and submitting loan agreements. Standard Premium earns revenue through interest charges on outstanding loan balances, one-time service fees, and late fees. The business is a leveraged lending operation — Standard Premium funds its loan portfolio through a senior revolving credit facility and subordinated promissory notes, and profits on the spread between its borrowing costs and the interest it charges. The portfolio is heavily concentrated in the Southeast and Texas, with Florida alone accounting for roughly 62% of outstanding loans.