LM Funding America Inc
Company Overview
LM Funding America, Inc. is a specialty finance company that provides funding to nonprofit community associations primarily located in the state of Florida. The company purchases delinquent accounts from community associations and assists in the collection of past due maintenance assessments.
The company's primary business model involves purchasing delinquent accounts at a discount from community associations and then pursuing collections through various legal means. They also provide funding solutions to community associations to help them manage their cash flow.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $1.26m | $5.79m | - | $124035.0 | 0.00% | 2.14% |
| June 30, 2024 | $3.01m | $7.79m | - | $36893.0 | 0.00% | 0.47% |
| March 31, 2024 | $4.75m | $4.26m | - | $70826.0 | 0.00% | 1.66% |
Company Impact
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