Apple Capital Group Merchant Cash Advance Review

Apple Capital Group Merchant Cash Advance is offered by Apple Capital Group, Inc, a direct lender founded in 2007 and based in Arlington, TX. Apple Capital Group Merchant Cash Advance is available in 50 states (and Washington, DC).

Does Apple Capital Group Merchant Cash Advance charge prepayment fees?

Yes, Apple Capital Group Merchant Cash Advance charges additional fees to borrowers who pay off their Apple Capital Group Merchant Cash Advance sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a Apple Capital Group Merchant Cash Advance early.

What types of repayment method does Apple Capital Group Merchant Cash Advance accept?

Apple Capital Group Merchant Cash Advance accepts the following repayment method from the Merchant:

• Split withholding
• ACH withholding

How often does Apple Capital Group Merchant Cash Advance process payments?

Apple Capital Group Merchant Cash Advance processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to Apple Capital Group Merchant Cash Advance as payment for your cash advance until the full amount is paid.

Does Apple Capital Group Merchant Cash Advance charge an origination fee?

Yes, Apple Capital Group Merchant Cash Advance charges a origination fee.

What is the minimum repayment amount required by Apple Capital Group Merchant Cash Advance?

There is no minimum repayment ammount.

What is the estimated funding time for a merchant cash advance via Apple Capital Group Merchant Cash Advance?

Apple Capital Group Merchant Cash Advance can provide a credit approval decision in less than an hour and fund the merchant cash advance within 10 business days.

What are the business financing requirements for Apple Capital Group Merchant Cash Advance?

To apply for Apple Capital Group Merchant Cash Advance, you need to provide the following business documentation:

• Business license
• Business bank account

What do you need to qualify for Apple Capital Group Merchant Cash Advance?

When it comes to credit scores, Apple Capital Group, Inc doesn't have a set minimum or maximum. People with all types of credit scores can apply.

Apple Capital Group Merchant Cash Advance does not have or does not disclose a minimum annual income eligibility requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Apple Capital Group Merchant Cash Advance product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Apple Capital Group Merchant Cash Advance. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Proof of income
• Recent bank statements
• Business formation documents
• Proof of identity

What limitations does Apple Capital Group Merchant Cash Advance set on the purpose of the merchant cash advance?

Apple Capital Group Merchant Cash Advance considers merchant cash advance applications for business purposes, such as:

• Business debt refinance
• Equipment purchase
• Inventory
• Lease improvement
• New location
• Product or service expansion
• Working capital