Kalamata Capital was founded in October 2013 by Steven Mandis, who formerly worked for Goldman Sachs and Citigroup. Kalamata Capital provides funding for small businesses. Some customers qualify for funding from Kalamata Capital directly and the company also partners with a network of other funding companies.
Kalamata Capital works with customers on a variety of funding options, including receivables-based merchant financing, Small Business Administration (SBA) loans, lines of credit, factoring receivables, using 401(k) rollovers, or utilizing luxury assets as collateral for small business loans. You must apply for funding pre-qualification and be accepted before you can determine what kinds of funding you qualify for and what the terms and cost of that funding will be. Consumers who choose Kalamata Capital should remember that they must have a credit score of 550 or higher.
Kalamata Capital's funding options seem geared towards small businesses that have a hard time obtaining funding from traditional lenders. The company offers a variety of funding options, including those that are obtained through the use of business or personal assets as collateral. You apply once for funding through Kalamata Capital, and you are assigned a staff member from the company who works with you to determine what financing options are available for your business.
Kalamata Capital states its customers are not charged a fee to apply for funding pre-qualification.
Kalamata Capital can work with small businesses to determine if they qualify for secured or unsecured funding. Types of funding Kalamata Capital can help its customers obtain include:
Kalamata Capital has only been helping customers get funding since 2013, so it does not have a lengthy track record of business funding and may lack the expertise to identify the best and most cost-efficient funding for its clients. The company does not state on its website how many customers it has assisted with funding or how much funding it has lent to small businesses.
There is not enough information on Kalamata Capital's website to determine what kind of payment terms you would receive before you apply for funding or even if you are likely to qualify for funding. The company does not list the range of interest rates for its loans or specify what kinds of fees it charges.
The company's terms of service state that funding is not available in all states, but its website does not list the states it operates in. Before they apply for a loan, customers should be able to access information about the rates and any fees that Kalamata Capital charges. With the scarce information the company includes on its site, it is not possible to determine if Kalamata Capital is an affordable funding source compared to other lenders. Information the company should consider adding to its website includes:
Tony Gibson American Fork, UT
1 year ago