Reliance Global Group repays remaining term loan, becomes debt-free
RELI•Reliance Global Group repaid its Oak Street Funding term loan, eliminating its only term debt. The payoff used about $1.2 million and $2.2 million in asset-sale proceeds and $1 million in cash collateral; cash on the balance sheet exceeded $6 million afterward.
1. Loan repaid in full
Reliance Global Group repaid its Oak Street Funding term loan in full, eliminating its only term debt. The balance was about $4.4 million as of June 30, 2026.
2. Payoff funding and savings
The payoff was funded with asset-sale proceeds of about $1.2 million and $2.2 million, plus $1 million in cash collateral. The transaction removes about $1 million in annual debt service, including about $400,000 in interest and service fees. Cash on the balance sheet exceeded $6 million following repayment.
