What is Apollo Distributing?
Established in 1920, Apollo Distributing Company boasts over a century of expertise in the floor covering distribution sector. Serving the metropolitan areas of New Jersey, New York, Connecticut, and Pennsylvania, the company offers an extensive portfolio of commercial and residential flooring solutions. They partner with prominent manufacturers such as Armstrong Flooring and Tarkett, emphasizing a commitment to reliable service and fostering enduring client relationships. Apollo Distributing's mission centers on being the premier floor covering distributor, ensuring the delivery of high-quality products and exceptional customer satisfaction.
How much funding has Apollo Distributing raised?
Apollo Distributing has raised a total of $1M across 2 funding rounds:
Debt
$350K
Debt
$675K
Debt (2020): $350K with participation from PPP
Debt (2021): $675K led by PPP
What's next for Apollo Distributing?
The recent major strategic investment, alongside the company's substantial total funding, positions Apollo Distributing for continued operational strength and market penetration. This infusion of capital, likely supporting working capital and inventory management, will enable the company to maintain its century-long tradition of service excellence and expand its reach within its established territories. The focus on debt financing suggests a strategy geared towards stable growth and operational efficiency rather than aggressive expansion through equity.
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