Kalamata Capital Small Business Loans Review

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

What are Kalamata’s rates?

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

Does Kalamata charge an origination fee?

Yes, Kalamata charges a loan origination fee starting at $525

What limitations does Kalamata set on the purpose of the business loan?

Kalamata considers business 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 small business loans does Kalamata offer?

Not all small business loans are made equal. The type of business loan you choose will determine the range of interest rates and terms you receive. Kalamata provides access to the following business loan types:

• Unsecured Term Business Loans
• Secured Term Business Loans
• Lines of Credit
• SBA Loans
• Merchant Cash Advances

Does Kalamata charge prepayment fees?

Yes, Kalamata charges additional fees to borrowers who pay off their small business 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 business loan early.

What is the maximum business loan term you can get with Kalamata?

Kalamata offers small 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