Name | Value |
---|---|
Revenues | 4,058.0K |
Cost of Revenue | 4,195.8K |
Gross Profit | -137.8K |
Operating Expense | 1,644.5K |
Operating I/L | -1,782.3K |
Other Income/Expense | 423.8K |
Interest Income | 38.7K |
Pretax | -1,342.0K |
Income Tax Expense | 60.6K |
Net Income/Loss | -1,591.8K |
LM Funding America, Inc. is a specialty finance company that provides funding to nonprofit community associations primarily in Florida, Washington, Colorado, and Illinois. The company purchases delinquent accounts from these associations, arising from unpaid association assessments, to provide them with immediate funding. It tailors various terms to suit each association's financial needs, including its New Neighbor Guaranty program. By purchasing these delinquent accounts, LM Funding America, Inc. generates revenue and helps associations manage their finances more effectively.