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  Kalamata Capital Lines of Credit

Kalamata Capital Lines of Credit

in Business Lines of Credit from Kalamata Capital

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Kalamata Capital Lines of Credit

Unaffiliated

in Business Lines of Credit from Kalamata Capital

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Highlights
APR  (Fixed APR) 12% - 28%
Credit Score Range 580 - 850
Loan Amount $25,000 - $750,000

Kalamata Capital Lines of Credit Review

Kalamata Capital Lines of Credit is offered by Kalamata Capital, a direct lender founded in 2013 and based in Bethesda, MD. Kalamata Capital Lines of Credit is available in 50 states (and Washington, DC).

Kalamata Capital Lines of Credit FAQ

What APRs does Kalamata Capital Lines of Credit offer?

Kalamata Capital Lines of Credit offers a product that ranges from 12% APR up to 28% APR.

Does Kalamata Capital Lines of Credit charge an origination fee?

Yes, Kalamata Capital Lines of Credit charges an origination fee of 1% to 2% of the line of credit amount starting at $525 Kalamata Capital Lines of Credit deducts the fee directly from your line of credit amount before disbursing the fund, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does Kalamata Capital Lines of Credit set on the purpose of the line of credit?

Kalamata Capital Lines of Credit considers line of credit applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Hiring
  • Inventory
  • Lease Improvement
  • New Location
  • Payroll
  • Product or Service Expansion
  • Technology Investment
  • Working capital

Does Kalamata Capital Lines of Credit charge prepayment fees?

Yes, Kalamata Capital Lines of Credit charges additional fees to borrowers who pay off their lines of credit sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a line of credit early.

How much can you borrow from Kalamata Capital Lines of Credit?

Line of credit amounts start at $25,000 and go up to $750,000.

What is the maximum term you can get with Kalamata Capital Lines of Credit?

Kalamata Capital Lines of Credit offers business lines of credit with terms ranging from 6 to 18 months. Having the option of longer terms allows borrowers to take on larger line of credit amounts while keeping monthly payments more affordable. However, the longer the term of the amounts you borrow, the more interest you will pay.

What do you need to qualify for Kalamata Capital Lines of Credit?

Applicants with a credit score of at least 580 and up to 850 may be eligible for Kalamata Capital Lines of Credit.

Kalamata Capital Lines of Credit does not have or does not disclose a minimum annual income eligibility requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Kalamata Capital Lines of Credit product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Kalamata Capital Lines of Credit. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Business formation documents
  • Proof of identity

What are the business financing requirements for Kalamata Capital Lines of Credit?

To apply for Kalamata Capital Lines of Credit, the applicant needs to provide the following documentation:

  • Personal guarantee.
  • No outstanding liens.
  • Business license
  • Business bank account

Does Kalamata Capital Lines of Credit report your account activity to credit bureaus?

Yes, Kalamata Capital Lines of Credit reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

What is the minimum percentage of business ownership that Kalamata Capital Lines of Credit requirs from the applicant?

To apply for Kalamata Capital Lines of Credit, the applicant needs to have at least 51% of business ownership. If you don't have enough ownership in the company, your application will most likely be denied from the Kalamata Capital.

What types of business lines of credit does Kalamata Capital offer?

Kalamata Capital offers both secured and unsecured lines of credit. Secured lines of credit are typically secured by a blanket lien on your assets or a certificate of deposit.

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Contact

  • Headquarters
  •   7315 Wisconsin Avenue
    East Tower, Suite 950
    Bethesda, MD 20914
  •   Visit Site

Other Services by Kalamata Capital

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Origination Fee ($) Starting at $525
Origination Fee (%) 1% - 2%
Applicant's Minimum Percentage of Business Ownership 51%
Business Financing Requirements
  • Personal Guarantee
  • No Outstanding Liens
  • Business License
  • Business Bank Account
Credit Score Range 580 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Months in Business 12
Minimum Revenue $250,000
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement
  • Secured
  • Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
  • Business Debt Refinance
  • Inventory
  • Payroll
  • Hiring
  • Technology Investment
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Bank Transfer
APR (Fixed APR) 12% - 28%
Loan Amount $25,000 - $750,000
Loan Term 6 - 18 months

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