BETHESDA, MD., May 4, 2020 / PRNewswire / –
- Kalamata Capital Group and its subsidiaries (Kalamata) have joined forces with a technology-based, non-bank online finance company that enables suppliers and buyers to facilitate B2B purchases with confidence.
- Kalamata facilitated the financing and procurement of much-needed PPE around the world to support COVID-19 first responders in United States.
- Kalamata intervened at a time when more traditional financing options such as banks and other lenders were less willing to provide capital.
- Kalamata facilitates payment terms from 30 to 120 days up to $ 10 million by order of PPE.
Kalamata Capital Group is a financial technology company that provides finance to small businesses. Kalamata and its affiliates have partnered with a non-bank, technology-based online finance company specializing in supply chain finance to facilitate the purchase of desperately needed PPE in United States.
Supply chain finance is the financing of receivables, whether through traditional factoring arrangements where suppliers sell their accounts receivable at a discount to obtain liquidity faster or through a short-term loan to the company. buyer to immediately pay his supplier while allowing the buyer to keep the 30 – 120-day payment terms.
Given the huge demand, many PPE manufacturers now require cash payments before PPE manufacturing begins, instead of offering traditional 30-120 payment terms after the goods are delivered, which increases the importance of working capital flexibility. The demand for non-bank supply chain finance has intensified as banks have stopped lending to many companies, further limiting the flexibility of their working capital just as their needs have increased due to changes in payment terms imposed by many counterparties.
Supply chain finance alleviates the working capital constraints of all parts of the PPE supply chain, including the manufacturer, distributor and retailer. Specifically, supply chain finance facilitates the upfront payment to the PPE manufacturer while providing payment terms of 30 to 120 days to the distributor via a short-term loan to the distributor. Additionally, once the PPE is delivered to a distributor, supply chain finance enables the ‘second step’ of the PPE value chain by facilitating the traditional payment terms between the distributor and the supplier. final retailer through a factoring agreement. These back-to-back supply chain finance offerings create a seamless working capital solution throughout the PPE value chain.
With supply chain finance, the money continues to flow and companies can quickly get cash from their suppliers to gain immediate access to the supply of PPE which is urgently needed but difficult to obtain. finance taking into account the macroeconomic environment.
About Kalamata.com, LLC
Kalamata.com, LLC (the parent company of Kalamata Capital Group) and its affiliates provide innovative tools and valuable services to facilitate and accelerate commerce and transactions for small and medium-sized enterprises (SMEs). The company’s integrated tools and services platform provides SMBs and the entire SMB ecosystem, including procurement partners, with the essential functionality they need to engage with customers, access financing, manage their operations, analyze their data in real time and run their IT in order to grow their businesses. Founded in 2013, the company is based in Bethesda, MD. For more information visit www.kalamatacapitalgroup.com
SOURCE Kalamata Capital Group LLC