Email Us mvno@fresh-start-group.com

Moreland Lending Group is proud to offer our flagship business product. Our unsecured credit line offers relaxed credit and business financial requirements, coupled with high lending limits ($100,000+), low interest rate (Prime + 1%) and quick turn around. Moreland is now offering our Unsecured Business lines of Credit with:

Credit Line Features:

•  No Collateral Needed

• No Financials Required

• Up to $100,000 Per line

• Interest Rate of Just Prime + 1%

•  Up to 5 lines Per Customer

• Does Not Appear on Personal Credit

• Close your line in just 15 to 21 days!!!!!!

Minimal Requirements:

• 640+ Credit Score

• In Business 6 Months or More

• Must show proof of business ownership

• Principals with at least 51% ownership must sign for loan

·                                 Moreland Lending Group specializes in providing Unsecured Business Lines of Credit, especially to customers for whom traditional financing options may not work. Our relaxed credit requirements, and no collateral or financials needed means we are ready to help your business grow without the traditional requirements for financing. See below for specific requirements

$100,000 Max Per Line/ 5 Lines Per Customer

 
We offer UP to 5 lines at $100,000 and one at $35,000 for a total of $535,000 in unsecured loans!

No financials are needed!!!

Prime + 1% interest rate!!!

640 credit scores and above will be only be considered

In business 6+ Months (LOWEST REQUIREMENT ANYWHERE)

Close your line in just 15 to 21 days!!!!!!

• 640+ Credit Score

• In business for 6 Months or more

• No collateral required

• No financial records required

Important Program Details:

Who is Eligible

Sole proprietor
LLC
Corporation
Start up businesses
Franchises
Business must be in the continental United States

Qualification

This is a business line of credit with a personal guarantee. The line credit will be in the business name and “will not appear on the personal credit”
Personal guarantee must have a credit score of “640” or above.
Must show proof of business ownership.
Articles of incorporation
Schedule c
Applicant must have majority ownership 51% or more in the corp or llc. If not all owners must be on the application and we will look at all owners credit.

Where We Do Business

We offer 6 lines of credit 5 at $100k and one at $35k for a total $535,000 in the following states:
PA, NJ, NY, DE, MD, IL, OH, MI, VA, RI, NH, MA, and CT
We offer 2 lines one $50,000 and one $35,000 for a total of $85k in the following states:
Florida and Texas.

$35,000 max in all other states.

Details

A $300 Non-refundable consulting and application fee is required to process each application.

Equity line can be used for any purpose we do not dictate what the funds can be used for.
You will have two accounts set up per line. One will be a “free” checking account that gets set up first in the business name and the equity line account. The checking account is set up for direct debit of monthly payment. This guarantees your interest rate of Prime + 1. You will have checks sent to you for the checking account and for the equity line. “At any time you can wire funds from your equity line to your checking account”.
Minimum Payment for the 1st 12 months is interest only, however, the lines are reviewed every year and if minimum payment only is made the lender normally requires principle and interest until 50% of balance is paid. The principle payment will be on average about 2% of balance.
KEEP IN MIND THIS IS AN EQUITY LINE AND YOU ONLY PAY ON THE AMOUNT YOU BORROW OUT OF YOUR EQUITY LINE.

. Commercial Loans

. Mortgages

. Residential

. Refinancing

. Unsecured

. No Financials Needed