ABOUT CASH ADVANCES
Advances are purchases of future credit card receivables at a discount:
- Apollo provides merchants with cash today in exchange for their future credit card and debit card receivables
- Apollo advances merchants and small businesses from $5,000 - $50,000+ in cash.
- Merchants sell Apollo a fixed amount a fixed amount of future credit card and debit card receivables at a discount.
Recovery occurs through a simple, automated process:
- Apollo receives a fixed percentage of merchant’s daily credit card and debit card sales until the advance is recovered, usually within 6-12 months
- Merchants do not have to worry about making payments, collection occurs automatically.
- Collection stops automatically once the advance is recovered, usually within 6-12 months.
- Apollo provides merchant clients with monthly statements showing payments and amount outstanding on their advance. Clients can also access info about their advance online anytime: www.apolloadvance.com
Processor neutral; Apollo does not require merchants to switch credit card processors.
- Apollo is not a credit card processor; we work with your existing processor – there is no need to change processors.
Apollo’s advances are easy to obtain:
- 2-page application
- Applications are approved and funded in 5-7 days
- NOT dependent on merchant’s credit score or past credit history
- NO collateral
Advances are not loans or debt:
- No fixed payments; advance is recovered as and when merchant generates credit card sales
- No interest or finance charges, or financial covenants.
- Minimal paperwork
- Quicker and easier to obtain. Apollo funds advances in 5-7 days.
A great way to get the money you need...when you need it.
