Written by
Lorien Strydom
Company name
Torro
Website
https://www.torro.com
Phone
(866)-858-2404
info@torro.com
Address
5965 South 900 East #300, Salt Lake City, UT 84121
Loan Torro Review: Business Funding Solutions for Startups & Established Companies
— Review updated Aug 2025
Torro operates as a business funding marketplace rather than a direct lender, offering solutions for various business types including startups.
While their wide range of funding options and quick application process are strengths, concerning customer reviews about sensitive information requests and high potential costs warrant caution.
Torro At glance
Read reviews (10)Pros & Cons
Inclusive Lending Options for Startups: Torro stands out by offering financing solutions for startups and businesses with limited operating history (as little as 6 months), which is rare in the business lending space.
Fast Application and Funding Process: The company offers a streamlined online application process that can be completed quickly, with decisions typically made in less than an hour.
Flexibility in Business Types and Credit Requirements: Torro claims to work with "all business types" and considers applicants with credit scores as low as 300-579, expanding access to capital for entrepreneurs with poor or limited credit histories.
Wide Range of Funding Options: As a loan marketplace, Torro connects businesses with hundreds of different financing options and programs, increasing the likelihood of finding a suitable solution.
Multiple Financing Products: Beyond just term loans, Torro offers lines of credit and specialized startup capital options, allowing businesses to select the financing structure that best matches their specific needs.
Potentially Expensive Financing: With APRs ranging from 9% to 36% and additional origination fees of 1-3%, Torro's financing options can be significantly more expensive than traditional bank loans.
Concerning Customer Complaints: Several complaints mention a potential connection between Torro and a credit monitoring service called "MyScoreIQ," with allegations that applicants were required to sign up for this service to proceed with application
Limited Transparency About Lending Partners: As a loan broker, Torro doesn't clearly disclose which specific lending institutions it works with. This lack of transparency makes it difficult for borrowers to research these partners independently
Details
Torro Business Loans
Terms & fees
Loan amount$5,000 - $575,000
Term3 months - 4 years
Annual interest rate9% - 36%
Nominal interest rate1% - 10%
Origination fee1-3% depending on credit score and loan type
Interest rate typeFixed rate
Requirements
Minimum credit score300-579
Minimum years in business0.5
Minimum annual revenue$50,000
Company types availableAll business types accepted
National bank requiredYes
National phone number requiredYes
Headquarters in country requiredYes
Electronic identificationYes
Require tax returnsYes
Require bank statementYes
Require financial statementYes
Require business planYes
Collateral requiredNo
Personal collateral requiredNo
Features
Revocation periodNo
Weekend payoutNo
Loan extensionsNo
Early paybackYes
Loan brokerYes
P2P LenderNo
Possible for start-upsYes
Line of creditYes
Additional fields
Recommended companyNo
Features
Business funding solutions
100s of financing options
Both start-up and established companies considered
Borrow from $5,000 up to $575,000 for working business capital
APRs up to 36.00%
What is Torro?
Torro provides business lending solutions by matching businesses looking to borrow funds with the investor’s capital they need to get started, purchase equipment and inventory, or keep their business growing.
Compare Business LoansWhile Torro doesn’t lend money themselves, they match borrowers with various lenders who best fit their business lending needs.
While this may sound like virtually any other loan broker, there are a few things that Torro does differently, and it separates them from the rest of the industry.
What Sets Go Torro Apart?
Unlike many direct lenders and loan brokers, Torro has hundreds of financing options available for all types of businesses.
Whether your company is a startup with nothing more than a quickly scribbled plan on the back of a restaurant napkin or an established business that needs a little business capital to break through to the next level, Torro has an option for you.
Many lenders won’t even entertain the idea of lending to startups, especially ones with little planning in place.
They don’t have the experience and risk tolerance for lending confidently but Torro and its financial partners understand that some of the most significant ventures started the same way and are willing and able to take that risk.
Who Can Get a Torro Loan?
Torro does not pre-judge its clients, and they will accept applications from virtually any business type. Regardless of your previous history, bankruptcies, etc.,
Torro will take your application and try to match you with a viable financial solution. According to their website, most businesses qualify for one to three best-fit options from among its hundreds of available programs.
How to Get a Loan from Torro
Torro’s process is simple. You head to their homepage and choose the amount you need to borrow on the slider.
Then select whether this will be a line of credit or startup capital and click “Get Your Funding Now.” On the next page, choose whether this is an existing business or just an idea and fill out all the required boxes underneath.
Once you fill in all the boxes, click “Get Funding Options,” and you will be forwarded to a loan-management page where you will learn Torro’s decision.
In some cases, you may need to submit a copy of your credit report, which you can get from various free sources, like Credit Sesame or Credit Karma.
Once everything is submitted, wait for Torro to process your application, which generally takes less than an hour, and get your Torro funding in as little as 48 hours.
Torro Reviews
Torro Pros
Fast online application
Speedy approval
Startups considered
Online chat available
100s of lenders on offer
Torro Cons
Online chat not available 24/7
Potentially high APRs depending on lender
Financer recommends Go Torro as the right choice for business funding, for both the entrepreneur and the well-established.
There is plenty of support for those looking to get funded in a hurry.
Our Commitment to Transparency
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