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  Kalamata Capital Merchant Cash Advance

Kalamata Capital Merchant Cash Advance

in Merchant Cash Advance from Kalamata Capital

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Kalamata Capital Merchant Cash Advance

Unaffiliated

in Merchant Cash Advance from Kalamata Capital

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Highlights
Factor Rate 1.12 - 1.28
Loan Amount Up to $750,000
Minimum Revenue $250,000
APR  (Fee or Charge Based Product) 12% - 28%

Kalamata Capital Merchant Cash Advance Review

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

Kalamata Capital Merchant Cash Advance FAQ

What APRs does Kalamata Capital Merchant Cash Advance offer?

The cost of merchant cash advances is typically marketed as a factor rate, not an APR. Kalamata Capital offers merchant cash advance with a factor rate starting from 1.12 to 1.28. The higher the factor rate, the higher the fees. For example, an advance of $20,000 with a factor rate of 1.5 will have a total repayment of $30,000, which includes $10,000 in fees.

However, we ran the numbers and we estimate it has an equivalent APR that ranges from 12% APR up to 28% APR.

Does Kalamata Capital Merchant Cash Advance charge prepayment fees?

Yes, Kalamata Capital Merchant Cash Advance charges additional fees to borrowers who pay off their Kalamata Capital Merchant Cash Advance 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 Kalamata Capital Merchant Cash Advance early.

What types of repayment method does Kalamata Capital Merchant Cash Advance accept?

Kalamata Capital Merchant Cash Advance accepts the following repayment method from the Merchant:

  • Split withholding
  • ACH withholding

Does Kalamata Capital Merchant Cash Advance charge an origination fee?

Yes, Kalamata Capital Merchant Cash Advance charges a origination fee starting at $525

What is the minimum repayment amount required by Kalamata Capital Merchant Cash Advance?

There is no minimum repayment ammount.

What are the business financing requirements for Kalamata Capital Merchant Cash Advance?

To apply for Kalamata Capital Merchant Cash Advance, you need to provide the following business documentation:

  • Personal guarantee
  • Business license
  • Business bank account

What do you need to qualify for Kalamata Capital Merchant Cash Advance?

Applicants with a credit score of at least 580 and up to 850 may be eligible for Kalamata Capital Merchant Cash Advance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Kalamata Capital Merchant Cash Advance 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 Merchant Cash Advance 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 Merchant Cash Advance. 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

What limitations does Kalamata Capital Merchant Cash Advance set on the purpose of the merchant cash advance?

Kalamata Capital Merchant Cash Advance considers merchant cash advance 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
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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
Business Financing Requirements
  • Personal Guarantee
  • 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 Age 18
Minimum Months in Business 12
Minimum Revenue $250,000
Verification Documents Required
  • Proof of Income
  • Proof of Identity
Collateral Requirement Secured
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 Options
  • Automatic Payments
  • Bank Transfer
Repayment Methods
  • Split Withholding
  • ACH Withholding
APR (Fee or Charge Based Product) 12% - 28%
Factor Rate 1.12 - 1.28
Loan Amount Up to $750,000
Loan Term 6 - 15 months

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