Short answer
Kalamata Capital Group, LLC is a merchant cash advance funder based in Bethesda, Maryland. Its parent, Kalamata.com, LLC, was founded in 2013; the current LLC was formed in Delaware on 6/21/2018. The BBB lists it as Kalamata Capital, LLC with an A+ rating, accredited since 9/3/2015, 0 complaints in the last three years and one customer review. We found no regulator action naming it. Federal docket listings show 26 federal cases naming the company as a defendant or appellee since 2016, 23 of them bankruptcy adversary proceedings, and New York courts have decided a string of its collection suits, mostly in its favor. If the weekly debits no longer fit your revenue, the reconciliation clause in your agreement decides your options.
By the Business Debt Adjusters research desk. Reviewed October 28, 2026. Sources are linked inline and listed below. If you can show us a record that contradicts anything here, call (877) 817-0404 and we will correct it.
This page summarizes the public record as of October 28, 2026: BBB, state corporation records, a rating agency release, Connecticut's registration list, federal docket listings, court decisions and the company's website. Finding no regulator action is not proof that none exists.
Kalamata Capital, Kalamata Capital Group and KCG
Kalamata Capital Group, LLC is the funder that signs the agreements and files the suits: a Delaware LLC that applied for authority in New York on 6/26/2018 and registered in Florida on 1/11/2019 at 7200 Wisconsin Ave., #500, Bethesda, MD 20814, with Kalamata.com LLC as its member and Steven G. Mandis as authorized person. Rating agency releases call it "KCG," the servicer for Kalamata.com, LLC, which "provides financing to small and medium-sized business through merchant cash advances and small business loans."
"Kalamata Capital, LLC" is the older name. An LLC of that name registered in New York in October 2013 and withdrew weeks later, but court captions and the BBB still use it; one bankruptcy court captioned the defendant "Kalamata Capital Group, LLC, aka Kalamata Capital, LLC." We treat the two as the same business. A related originator, Black Olive Capital LLC, shares the address; a 2025 Rockland County decision records that Black Olive assigned its revenue purchase agreements to Kalamata Capital Group LLC under an April 1, 2022 agreement, calls Black Olive "an affiliate of Kalamata" and that Brandon Laks is Co-President of Kalamata. Our older pages use the short name: the Kalamata Capital review, sued by Kalamata Capital and Kalamata Capital settlement pages.
What Kalamata Capital Group sells
The company sells merchant cash advances, "participations in future receivables purchased at a discount" in its securitization documents, plus some small business loans. Its website publishes no rates, fees, terms or minimum requirements. What it does say:
Size and speed.
"Kalamata Capital Group provides approvals for up to $750,000 in as little as 3 hours."
Industries.
Retail, wholesale and e-commerce; medical, dental and pharmaceutical; trucking, construction and logistics; restaurants, hotels and franchises.
Brokers.
"We are not currently accepting new broker relationships at this time."
Scale.
A March 2026 KBRA release says the group has "provided businesses with access to over $1.15 billion across over 11,500 fundings" and has about 62 employees. KBRA rated $80 million of notes backed by its advances and loans in 2024 and $111.9 million more in 2026.
The terms come from court records, not the website: a fixed "purchased amount" of future receipts bought for a smaller price, less fees, and collected by a set weekly debit. Examples: $158,500 for $120,000 at $5,658 a week; $87,000 for $57,301 net at about $2,417 a week; $260,000 for $200,000 at $4,334 a week. Each carried a $2,500 default fee, a $35 NSF fee, a personal guaranty, a security interest and a reconciliation clause. Your contract controls.
What the record shows
BBB rating:
A+, listed as Kalamata Capital, LLC.
Accreditation:
BBB accredited since 9/3/2015.
Complaints:
0 in the last three years.
Customer reviews on BBB:
one, a one-star review dated 10/21/2026 that says the company does not honor its agreements and tries "to push you into foreclosure to take your assets." No business response.
Business started:
6/21/2018 per the BBB, which also lists "started locally" 10/23/2013; KBRA says the parent was founded in 2013.
State filings:
Delaware LLC; New York DOS ID 5365579; Florida document M19000000413.
Management:
Steven G. Mandis, Chairman (BBB); Brandon Laks, Co-President (court record).
Location:
7200 Wisconsin Ave, Suite 500, Bethesda, MD 20814, with offices in Pearl River, NY and Miami Beach, FL. Phone (800) 200-4071.
The regulatory record
We found no enforcement action naming Kalamata Capital Group: California's Department of Financial Protection and Innovation site search returns nothing for "Kalamata," the FTC's case library returns nothing, and a New York Attorney General site search showed no results. Connecticut, which has required commercial financing providers to register since October 1, 2024, lists Black Olive Capital LLC of 7200 Wisconsin Ave, Bethesda as a registered provider (CFPR-2309203) on its October 6, 2026 list; we found no separate entry for Kalamata Capital Group. The affiliate Kalamata Asset Management LLC is an SEC-registered investment adviser (file 801-110725) with no disclosure flag.
The court record
A CourtListener search finds "Kalamata Capital" in the text of 212 federal dockets, most of them bankruptcy cases that list the company as a creditor and suits the company itself brought. Twenty-six captioned cases name Kalamata Capital, Kalamata Capital Group or "Kalamata Kapital Group" as a defendant or appellee. Allegations are not findings, and most ended in a stipulation or dismissal whose terms the listings do not show.
Kurtz v. Kalamata Capital Group, LLC, Adv. No. 25-06027 (Bankr. D. Idaho), is the most detailed. A Chapter 7 trustee sued in April 2025 to void a 2019 agreement as a usurious loan under New York law and claw back the payments: $158,500 of receivables sold for $120,000, collected at $5,658 a week from August 2019 to February 2020, "without incident." In a January 21, 2026 memorandum, Chief Judge Noah G. Hillen noted that reconciliation and remittance adjustments were "mandatory upon HMH's request" on paper but allegedly illusory in practice, and ruled that the trustee could not use the usury statute "as a sword" but could amend that count and proceed on the fraudulent transfer and claim disallowance counts. The case is open.
Other federal suits and appeals: BCMS Partners, LLP v. Kalamata Capital, LLC, No. 1:16-cv-00241 (W.D. Tex.), filed 2/26/2016 by another funding company, dismissed on Kalamata's motion 7/18/2016; Callier v. Kalamata Capital Group LLC, No. 3:24-cv-00370 (W.D. Tex.), filed 10/7/2024, dismissed by stipulation 10/15/2025; and Lee v. Kalamata Kapital Group, No. 1:25-cv-04141 (D. Colo.), a debtor's appeal filed 12/19/2025, dismissed 8/14/2026.
Bankruptcy adversary proceedings, lawsuits inside a bankruptcy case, often brought by a trustee to recover payments made before the filing. Twenty-three name the company as defendant:
- Official Committee of Unsecured Creditors, No. 17-04053 (Bankr. D. Neb.), filed 9/1/2017: stipulation; closed 9/17/2018.
- Huffman, Trustee, No. 19-03053 (Bankr. D. Or.), filed 6/10/2019: settlement filed 8/5/2019; dismissed 9/5/2019.
- Brunson, No. 19-08015 (Bankr. W.D. La.), filed 10/4/2019: entry of default 12/18/2019; closed 2/18/2020.
- Angels For Kids On Call 24/7, No. 6:19-ap-00371 (Bankr. M.D. Fla.), filed 12/18/2019: closed 8/18/2020.
- Leibowitz, Trustee, No. 20-00010 (Bankr. N.D. Ill.), filed 1/7/2020: cross motions for summary judgment decided 2/5/2021 (not read); judgment 3/16/2021.
- FC Backrground d/b/a FC Construction Service, No. 20-03069 (Bankr. N.D. Tex.), filed 4/30/2020: stipulated dismissal 9/4/2020.
- Dixon Paving, No. 20-00138 (Bankr. E.D.N.C.), filed 12/8/2020: closed 12/20/2021.
- A1 Contracting, No. 21-05022 (Bankr. N.D. Ga.), filed 2/22/2021 with a restraining order request: closed 11/4/2021.
- Smiley, No. 21-01096 (Bankr. D. Colo.), filed 5/4/2021: entry of default 7/8/2021, then dismissal by stipulation 2/3/2022; closed 6/14/2023.
- Satija, Chapter 7 Trustee, No. 21-01023 (Bankr. W.D. Tex.), filed 6/7/2021: closed 8/5/2022.
- S K Transport, No. 3:21-ap-03010 (Bankr. S.D.W. Va.), filed 11/5/2021: closed 9/19/2022.
- Terry, No. 22-05017 (Bankr. W.D. Tex.), filed 3/10/2022: repeated default requests and extensions through September 2026; open.
- Schaffner Publications, No. 23-03016 (Bankr. N.D. Ohio), filed 4/25/2023: closed 8/15/2023.
- Dahl, No. 23-02051 (Bankr. E.D. Cal.), filed 6/19/2023: closed 9/29/2023.
- Preston Urgent Care Family Practice, No. 1:23-ap-00007 (Bankr. N.D.W. Va.), filed 7/19/2023: closed 12/6/2023.
- bio365, No. 23-01012 (Bankr. N.D. Cal.), filed 10/24/2023: closed 4/5/2024.
- Kurtz, No. 25-06027 (Bankr. D. Idaho), filed 4/16/2025: see above; open.
- Lilly, No. 25-03027 (Bankr. W.D.N.C.), filed 5/14/2025: default judgment entries July and November 2025 (not read).
- Lee, No. 25-01238 (Bankr. D. Colo.), filed 8/20/2025 by the debtor herself: dismissed 12/19/2025.
- Independent MedEquip, No. 26-00006 (Bankr. N.D. Ala.), filed 1/14/2026 against some 40 lenders and funders: open.
- Express Mobile Diagnostic Services, No. 26-02021 (Bankr. W.D. Pa.), filed 2/19/2026: default judgment entries March and April 2026 (not read); closed 4/30/2026.
- Englewood Hospitality, No. 26-01184 (Bankr. D.N.J.), filed 4/17/2026 against several funders and a bank: open.
- Hutman, Trustee, No. 26-06025 (Bankr. W.D. Va.), filed 10/23/2026: open.
New York decisions in Kalamata's own suits. The company files its collection cases in New York Supreme Court under a venue clause that "stipulates that jurisdiction for any lawsuit shall be in any New York State Supreme Court," often through Berkovitch & Bouskila, PLLC. Published decisions we read:
A Plus Remodeling & Restoration
(Sullivan County, 6/27/2023): the $2,500 default fee "constitutes an unenforceable penalty and is not recoverable as liquidated damages"; the rest of the $77,450 claim held pending discovery.
Arecosta
(Sullivan County, 6/7/2023): usury and "refused reconciliation" defenses rejected for lack of evidence; judgment for $143,266.40.
Crito Logistics
(Ontario County, 7/13/2023): Texas defendants' venue motion denied; "distance alone, without more, is insufficient to avoid the negotiated, broad MCAA venue clause."
A.C.S.A. Transportation
(New York County, 12/20/2024): "The RPA in question is not a usurious loan"; judgment for $29,159 plus interest.
Colorado Trailers
(Erie County, 4/28/2025): "The RPA is unambiguously an agreement to purchase future receivables and not a loan"; summary judgment on $119,503, including $23,393.60 in attorney's fees.
Aaction Power Equipment
(Erie County, 2/23/2026): the court called the revenue purchase agreement "an alternative and arguably extreme form of financing for small businesses with very few financing options at their disposal," then granted summary judgment on two agreements; the $2,500 default and $35 NSF fees "bear a 'reasonable proportion' to the probable loss," but attorney's fees of about $16,000 and $23,000 required an affidavit first.
Who Kalamata Capital Group fits
Kalamata is built for businesses that need six figures quickly and can carry a fixed weekly debit of several thousand dollars; the court records show deals from $74,000 to $260,000 in purchased receipts, and the fees land fast on a missed payment. Before you sign, ask in writing for the total payback, the weekly amount, the default and NSF fees, the attorney's fee percentage and whether there is a personal guaranty. The MCA calculator converts a factor rate into a comparable cost; see also factor rate vs. APR.
If the payments are more than your business can carry
- Collect every agreement, renewal and settlement you signed with Kalamata Capital Group, Kalamata Capital or Black Olive Capital, with the payment history for each, and find the guaranty, reconciliation, venue and fee clauses.
- Request reconciliation in writing if revenue has dropped; the courts above held merchants to the clause when they never invoked it. Our explainer on MCA reconciliation covers what to send.
- Blocking debits or moving your account can be treated as a default under many agreements; check your contract before acting. See stopping daily MCA payments.
- If you are served, Kalamata sues in New York even out-of-state businesses, and unopposed motions get granted. See whether MCA companies can sue you.
- If you settle, get the schedule, payoff amount and the date the debits stop in writing.
- If you are weighing bankruptcy, read MCA settlement vs. bankruptcy first.
If you are behind or close to it, see how MCA debt relief works and how Business Debt Adjusters handles a file before you miss a payment.
Kalamata Capital Group reviews: common questions
Is Kalamata Capital Group the same as Kalamata Capital?
For practical purposes, yes. The BBB profile is titled Kalamata Capital, LLC but links to the Group's website, and a bankruptcy court captioned the company "Kalamata Capital Group, LLC, aka Kalamata Capital, LLC." The current LLC was formed in Delaware on 6/21/2018; the business dates to 2013.
Is Kalamata Capital Group BBB accredited?
Yes. The BBB lists Kalamata Capital, LLC of Bethesda, Maryland as accredited since 9/3/2015 with an A+ rating, 0 complaints in the last three years and one customer review, a one-star review from October 2026.
Has Kalamata Capital Group been sued?
Yes. Federal docket listings show 26 cases naming it as a defendant or appellee from 2016 to 2026, 23 of them bankruptcy adversary proceedings, most of which ended in stipulations or dismissals. The company is far more often the plaintiff, suing merchants and guarantors in New York Supreme Court.
Have courts found Kalamata Capital Group's agreements to be usurious loans?
Not in any decision we read. New York courts in Arecosta, A.C.S.A. Transportation and Colorado Trailers held the agreements were receivables purchases, not loans. A January 2026 Idaho bankruptcy decision let a trustee's fraudulent transfer claims go forward while dismissing a direct usury claim with leave to replead it as a declaratory claim; that case is open.
Does Kalamata Capital Group charge a default fee?
The agreements in the court record carry a $2,500 default fee and a $35 NSF fee, plus attorney's fees calculated as a percentage of the balance. One Sullivan County judge struck the $2,500 fee as an unenforceable penalty in 2023; an Erie County judge upheld it in 2026.
What should I do if I can't afford my Kalamata Capital Group payments?
Gather your agreements and payment history, check for a guaranty and the reconciliation clause, and request any adjustment in writing. Blocking debits or moving your account can be treated as a default under many agreements; check your contract before acting. Then decide who negotiates.
Sources
- Kalamata Capital, LLC, Better Business Bureau profile, with its business details and customer reviews, read October 28, 2026.
- Kalamata Capital Group, LLC, DOS ID 5365579 and filing history, New York Department of State datasets on data.ny.gov, read October 28, 2026.
- Kalamata Capital Group, LLC, document M19000000413, Florida Division of Corporations, read October 28, 2026.
- About, Qualifying Industries, Locations and home page, company website, read October 28, 2026.
- KBRA Assigns Preliminary Ratings to KCG Securitization II, LLC, Series 2026-1, Kroll Bond Rating Agency, March 16, 2026; Kalamata Capital Group prepares inaugural securitization, Asset Securitization Report, March 21, 2024.
- Commercial Financing Providers and Brokers Registered in CT, Connecticut Department of Banking, list as of October 6, 2026; Kalamata Asset Management LLC, SEC Investment Adviser Public Disclosure.
- Kurtz v. Kalamata Capital Group, LLC, Adv. No. 25-06027, Memorandum of Decision, January 21, 2026, U.S. Bankruptcy Court, District of Idaho, via govinfo.gov, and the docket listing.
- Other docket listings on CourtListener: BCMS Partners, Callier, Lee (D. Colo.), Official Committee of Unsecured Creditors, Huffman, Brunson, Angels For Kids, Leibowitz, FC Backrground, Dixon Paving, A1 Contracting, Smiley, Satija, S K Transport, Terry, Schaffner Publications, Dahl, Preston Urgent Care, bio365, Lilly, Lee (Bankr. D. Colo.), Independent MedEquip, Express Mobile Diagnostic Services, Englewood Hospitality and Hutman.
- CourtListener RECAP search for "Kalamata Capital", run October 28, 2026.
- New York decisions: Kalamata Capital Group, LLC v. A Plus Remodeling & Restoration, LLC, 2023 NY Slip Op 50707(U) (FindLaw); v. Arecosta LLC, 2023 NY Slip Op 31938(U); v. Crito Logistics, LLC, 2023 NY Slip Op 32348(U); v. A.C.S.A. Transp. L.L.C., 2024 NY Slip Op 34461(U); v. Colorado Trailers, Inc., 2025 NY Slip Op 31502(U); v. Aaction Power Equip. LLC, 2026 NY Slip Op 50375(U); Black Olive Capital, LLC v. Pro Bldrs. Supplies, Inc., 2025 NY Slip Op 50524(U).
