[Chambo]

Six Figure loans, try Kalamata capital. They have aggressive buy rates.

Kalamata...is that the MANDIS company?

[channin19]

Kalamata...is that the MANDIS company?

Yes. Any experience dealing with them?

[J.Celifarco]

Yes. Any experience dealing with them?

I have dealt with them.. The underwriting is tight but for better deals the rates are excellent. 12 month max

[Andy]

I have dealt with them.. The underwriting is tight but for better deals the rates are excellent. 12 month max

They will go out to 18 months. But UW criteria is very strict, closer to a bank than MCA, they actually base the approval off of EBITA not gross revenue , so they have declined some of our otherwise super clean files (700+credit, 20k average daily balances, many years in business, but EBITA was not high enough) . But rates are good, and they will fund up to 750k

[Jared_Weitz]

Kalamata...is that the MANDIS company?

Yes, I know the company well. Really good group over there. Very competitive. It's really more of a "high grade" boutique funding company. They fill a good niche for the right partners of course. They also go out past 12 months for qualifying deals.