- 1LCF Group partnered with Utah Business Loans for small business loans, starting in Texas.
- 2Loans have fixed payment schedules and no prepayment penalties.
- 3The companies plan to expand to additional states.
The LCF Group, based in New Hyde Park, New York, has partnered with Utah Business Loans to offer small business loans, starting in Texas. The announcement, dated September 5, 2025, says the arrangement will expand to other states soon.
The product
The group says that, through Utah Business Loans' lending model, merchants can get capital with:
- Simple, transparent terms
- Fixed payment schedules
- What it calls the lowest-cost options for short-term funding
- No prepayment penalties, so borrowers who pay early save the remaining interest
The offering is aimed at owners who are launching a venture, expanding operations or managing seasonal swings.
Company comment
A spokesperson for LCF Group said the company is excited to start in Texas, describing small businesses there as the heartbeat of local communities. The spokesperson said Utah Business Loans shares its commitment to fair, fast and flexible financing for entrepreneurs, and that the companies look forward to bringing the program to more states.
Context
The launch comes as the Texas law restricting ACH debits by sales-based financing providers takes effect, and funders have been rolling out fixed-term loan products there. The LCF Group's announcement does not name the law. No lending limits, rates or terms were disclosed beyond the features above, and the company says more states are coming online soon.
Source reporting: deBanked.
