Loan Torro Review: Business Funding Solutions for Startups & Established Companies

Features

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.

While 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.

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.

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.

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 Pros

Torro Cons

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.