Reliance Global Group Pays Off $4.4 Million Loan to Become Debt Free

Reliance Global Group, Inc. (EZRA) has completely paid off its term debt by repaying a loan from Oak Street Funding. The term loan had a balance of approximately $4.4 million as of June 30, 2026, and was fully retired in October 2026. Following the payoff, the company retains over $6 million in cash on its balance sheet. Shares of Reliance Global Group rose 3.08% to $2.01 in trading today.

The payoff was funded using approximately $3.4 million raised from selling two agencies, alongside about $1.0 million in cash collateral. By avoiding the issuance of new equity shares to cover the repayment, existing shareholders were protected from dilution. The transaction frees the business from its only term debt obligation and lowers overall expenses, removing roughly $1 million in annual principal, interest, and fee obligations, which includes about $400,000 in annual interest and fees.

Investors will watch how the company utilizes its remaining cash reserves exceeding $6 million now that its ongoing debt obligations have been eliminated. Future balance sheet reports and earnings filings will show the operational impact of saving $1 million in annual debt service costs.