Kalamata Capital Small Business Loans Review

Kalamata Capital Small Business Loans is a business financing offering by Kalamata Capital, based in Bethesda, MD. Founded in 2013, Kalamata Capital offers access to business loans in 50 states (and Washington, DC).

What are Kalamata Capital Small Business Loans’s rates?

Kalamata Capital Small Business Loans offers a business financing product that ranges from 20% APR up to 100% APR.

Does Kalamata Capital Small Business Loans charge an origination fee?

Yes, Kalamata Capital Small Business Loans charges a loan origination fee starting at $525

What limitations does Kalamata Capital Small Business Loans set on the purpose of the loan?

Kalamata Capital Small Business Loans considers loan 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

What types of business loans does Kalamata Capital Small Business Loans 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 Small Business Loans 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 Small Business Loans charge prepayment fees?

Yes, Kalamata Capital Small Business Loans 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 Small Business Loans?

Kalamata Capital Small Business Loans 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 Kalamata Capital Small Business Loans?

Kalamata Capital Small Business Loans requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $22,500 to be considered.

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

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 Small Business Loans 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 Small Business Loans. Permanent resident / green card holders are also eligible to apply.

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

• Proof of income
• Proof of identity