Review of Torro
Business lending solutions
100s of financing options
Both start-up and established companies considered
Borrow from $5,000 up to $575,000 for working 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.
While Torro doesn’t lend money themselves, they match borrowers with various lenders who best fit their business 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 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 working 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 funding in as little as 48 hours.
Fast online application
Online chat available
100s of lenders on offer
Online chat not available 24/7
Potentially high APRs depending on lender
Financer.com 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.