123 FUND is a bridge between the need for working capital and the business owners that run small to medium sized businesses. We keep companies growing, balance sheets clean, and allow businesses to minimize the cost of capital without leveraging assets, giving up ownership, or narrowing their profit margins. We do not broker files out because the additional transactions cost that most clients have faced with other lenders only puts more stress on business cash flow.
Our concept is simple, we provide capital at a fixed cost for a short term financial cleanup, to purchase additional inventory, buy other businesses, construction cost, payoff tax liens, and all the other expenses we as business owners face in running our operation. To get an approval, every applicant must submit an application and 6 months of business bank statements (operating and non-operating accounts). For amounts greater than $250,000.00 our team may require financial statements, such as, an income statement, profit and loss, balance sheet, AR report, & recent business tax return. If the applicant is in a tax payment plan, we will require a copy of the agreement and payment plan.
For more information about our business loans, our repayment options, max dollar amount loaned, how to payoff existing balances with other lenders, or how to qualify for our asset based lending program please email our loan department directly at INFO@123FUND.NET or call (718) 412-9217.
475 Bement Avenue, Suite 200
Staten Island, NY 10301
OFFICE: (718) 412-9217
FAX: (718) 504-7954
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