by GlobeNewswire
Standard Premium Raises Credit Line with First Horizon Bank
Direct Lending

Standard Premium Raises Credit Line with First Horizon Bank

June 19, 20253 min

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...

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by Vine Financial
Vine Secures Seed Funding, Forms Board of Directors
Direct Lending

Vine Secures Seed Funding, Forms Board of Directors

June 19, 20256 min

Vine Financial Inc., a commercial lending accelerator for banks and credit unions, has secured seed funding and assembled its board of directors. Vine uses advanced AI tools to make commercial lending faster, more accurate, and more auditable. The platform provides one source for every tool a lender needs, from document reading to configurable spreading to document generation. With Vine, commercial lenders can deliver high-quality decisions faster. The funding will fuel Vine’s growth and expand its ability to...

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by PRNewswire
Xactus Integrates Flood Solution with ICE’s Loan Platform
Direct Lending

Xactus Integrates Flood Solution with ICE’s Loan Platform

June 13, 20254 min

Xactus, a fintech and market leader in verification solutions for the mortgage industry, is focused on broadening integrations in the ecosystem to support the loan life cycle beyond origination into servicing. As part of that effort, Xactus announced the successful completion of its integration with MSP, ICE’s comprehensive loan servicing system. This strategic integration enables mortgage servicers to receive automated flood zone determination updates directly into their servicing system without manual intervention. “This integration is a...

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by BusinessWire
Parlay Closes Seed Round and Partners with JAM FINTOP
Direct Lending

Parlay Closes Seed Round and Partners with JAM FINTOP

June 10, 20255 min

Parlay Finance, an AI-powered Loan Intelligence System, announced a $2 million seed funding round led by JAM FINTOP. This capital positions Parlay to continue scaling its technology nationwide, helping community lenders unlock substantial growth in the $1.4 trillion small business lending market. Closing the Small Business Lending Gap While small businesses drive 44% of U.S. GDP, the lending infrastructure serving them remains stuck in the past–until now. Parlay’s Loan Intelligence System (LIS) unlocks legacy bottlenecks...

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