Catching Up With Kalamata

Kalamata Capital Group is continuing to fund in Texas through one of its affiliated entities, the company confirms. Kalamata, which recently upsized its 2024 securitization by 25% with notes expandable up to $500 million, offers a variety of funding products to small businesses around the United States. A new law that recently went into effect in Texas has prompted Kalamata and companies like theirs to get the word out to their partners about any applicable adjustments.

More front and center for the company, however, is the introduction and evolution of Kalamata Cash, its in-house proprietary software.

“We went live with everything, including our syndicator profiles and access to the outside world as well, and that’s been a really exciting development for the company,” said Brandon Laks, co-president at Kalamata, “because instead of licensing software, which the software we were on was great before, it gives us the ability to roadmap exactly what we want to do.”

Kalamata, for example, is 100% broker-driven, and they can custom-tailor the process to best suit their relationships.

“Our brokers can come in and see live calculators,” Laks said, “so when they submit a deal and we send an offer, they can get a live view of what steps are outstanding, they can play around with the sliders and choose their offers.”

And there’s a lot more on the horizon that they’re integrating with and adding on.

Guggenheim Securities served as sole structuring advisor and the sole initial purchaser of the notes in the Kalamata securitization deal. At the time of the announcement, Laks said, “The access to additional capital will allow Kalamata to continue supporting Small Businesses and invest more capital in proprietary technology to stay at the forefront of the small business financing industry.”

Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. Connect with me on LinkedIn or follow me on twitter. You can view all future deBanked events here.