Reliance Global Group repays $4.4 million term loan, becomes debt free
Reliance Global Group said it repaid in full its Oak Street Funding term loan, its only term debt, leaving no outstanding term debt. The loan had a balance of about $4.4 million as of June 30, 2026, and the repayment was funded by proceeds from two agency sales and collateral cash, without issuing shares. The company reports more than $6 million of cash after the repayment and says it eliminates about $1 million of annual principal, interest and fee payments.
Key points
- Oak Street Funding term loan repaid in full; balance was about $4.4 million as of June 30, 2026.
- Funding: about $1.2 million from the Southwestern Montana Insurance Center sale (closed September 11, 2026), about $2.2 million from the Altruis Benefit Consulting sale (closed September 24, 2026), and about $1.0 million of collateral cash.
- Eliminates about $1 million of annual principal, interest and fee payments; company reports more than $6 million of cash on its balance sheet afterward.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 13, 2026.
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