Where does Kalamata Capital do business?
Kalamata Capital is a direct lender based in Bethesda, MD. It was founded in 2013 and offers access to business loans in 50 states (and Washington, DC).
What are Kalamata Capital’s rates?
Kalamata Capital offers business loans with fixed APRs starting from 20% to 100%.
Does Kalamata Capital charge an origination fee?
Yes, Kalamata Capital charges a loan origination fee starting at $525
What limitations does Kalamata Capital set on the purpose of the loan?
Kalamata Capital considers loan applications for business purposes, such as:
What types of business loans does Kalamata Capital offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Kalamata Capital provides access to the following business loan types:
- Unsecured term loans
- Secured Term Loans
- Lines of Credit
- SBA Loans
- Merchant Cash Advances
Does Kalamata Capital charge prepayment fees?Yes, Kalamata Capital charges additional fees to borrowers who pay off their loans 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 loan early.
What is the maximum loan term you can get with Kalamata Capital?
Kalamata Capital offers business loans with terms ranging from 6 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for a loan with Kalamata Capital?
Applicants with a credit score of at least 580 can apply for a loan via Kalamata Capital. Kalamata Capital requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $22,500.
Only U.S. citizens and permanent residents can apply for a loan. To qualify, applicants may need to provide the following documentation:
- Proof of Identity
- Proof of Income
7315 Wisconsin Avenue
East Tower, Suite 950
Bethesda, MD 20914 USA
- Visit Site
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Origination Fee ($)||Starting at $525|
|Credit Score Range||
580 - 850
850 300 580
|Immigration Status Considered||
|Employment Statuses Considered||
|Minimum Months in Business||12|
|Verification Documents Required||
|Loan Amount||Up to $750K|
|Loan Term (Months)||6 - 60|
|APR||20% - 100%|