OppFi Inc. disclosed in an 8-K that its subsidiary Opportunity Funding SPE Residual, LLC entered into a senior secured multi-draw term loan agreement on August 10, 2026, with OppFi-LLC acting as guarantor. The facility allows for maximum borrowings of $100 million, carries a fixed interest rate of 12.50% per year until OppFi's pending acquisition of BNCCORP and BNC Bank closes, and then increases to 13.50%. The loans mature four years after the initial draw and require semi-annual amortization payments of 10% of principal; no amounts were drawn at signing, and proceeds are intended to support growth in finance receivables, working capital, and general corporate purposes.
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