LM Funding America (NASDAQ:LMFA) is a specialty finance company that provides capital solutions to non-prime consumer finance companies in the United States. Through its wholesale finance platforms, the company offers a range of asset-backed financing products, including floorplan financing, wholesale demand promissory notes, and working capital loans. Its clients typically originate small-dollar loans for used vehicles, recreational vehicles and similar consumer durables, and then sell the related receivables to LM Funding America to manage liquidity and risk.
The company’s platform is built around structured financing agreements that enable consumer finance companies to obtain short-term funding collateralized by their retail installment receivables. In addition to its core floorplan financing products, LM Funding America provides receivables purchase programs in which it acquires portfolios of retail installment contracts, offering clients ongoing funding and credit support. These services help dealers and finance companies expand their lending capacity, stabilize cash flows and mitigate credit risk through diversifying their funding sources.
Founded in the early 2000s and headquartered in Florida, LM Funding America has grown its footprint through both organic expansion and targeted acquisitions of niche finance businesses. The company serves a broad network of independent finance companies and dealerships across the southeastern and midwestern United States, with strategic relationships that enable it to tailor financing solutions to local market needs. Over time, it has enhanced its underwriting capabilities and risk management processes, leveraging proprietary data analytics to price and structure financing programs efficiently.
LM Funding America is led by an experienced management team with deep expertise in consumer finance, credit underwriting and structured lending. Its leadership emphasizes disciplined credit standards, robust collateral management and transparent reporting, aiming to deliver consistent funding solutions for its clients while maintaining strong asset quality. The company continues to explore opportunities to broaden its product offerings and geographic reach within the non-prime lending sector.
