LM Funding America draws $700,000 second tranche under amended loan agreement

LM Funding America, Inc. (NASDAQ:LMFA) has drawn a $700,000 second tranche under its existing loan agreement with SE & AJ Liebel Limited Partnership, according to a statement filed with the Securities and Exchange Commission.

The company, along with its subsidiaries LM Funding, LLC and US Digital Mining and Hosting Co., LLC, amended its loan agreement with the lender on September 15, 2025. Under the terms of the amendment, LM Funding America was able to access up to $2 million in additional loans. This included a $1.3 million advance provided at the time of the amendment and a right to draw an additional $700,000 in a second tranche. According to InvestingPro data, while the company maintains a healthy current ratio of 3.75, its overall financial health score is rated as weak at 1.15 out of 5.

On Tuesday, the company provided notice to SE & AJ Liebel Limited Partnership to request the $700,000 second tranche, which was subsequently advanced to LM Funding America on the same day, net of certain loan fees.

The filing did not disclose further details regarding the use of proceeds or additional terms beyond those previously reported.

This information is based on a press release statement included in the company’s SEC filing.

In other recent news, LM Funding America reported a decrease in revenue for Q2 2025, with figures totaling $1.9 million, down from $2.4 million in Q1. Despite this revenue drop, the company posted a net income of $60,000, marking a notable improvement from a net loss of $5.4 million in the previous quarter. Additionally, LM Funding America disclosed its Bitcoin holdings valued at approximately $34.7 million as of September 30, 2025, equivalent to 304.5 bitcoins. The company also announced the purchase of 164 bitcoins for about $18.67 million, increasing its total Bitcoin holdings to approximately 311 BTC as of August 22, 2025.

Shareholders of LM Funding America recently approved the election of three Class III directors—Andrew L. Graham, Frederick Mills, and Frank Silcox—at the company’s annual meeting. These developments come after a $23 million financing round, with most of the funds directed toward treasury growth. The election results showed Graham receiving 1,753,970 votes for, Mills 1,727,405 votes for, and Silcox 1,754,144 votes for. These recent developments highlight LM Funding America’s strategic financial maneuvers and governance decisions.

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