Torro Review

ByCaroline BantonSep. 09, 2020

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In a Nutshell

Torro offers five types of business funding for new and existing companies, including startup funds, working capital loans, and merchant cash advances. The application process is simple, approval is fast, and funding is usually received within 48 hours. After gathering your basic personal and business information, Toro’s automated matching process connects you to a selection of suitable lenders.


  • No collateral required
  • Services both startups and existing businesses


  • Limited support
  • Detailed information is challenging to find on the site

Torro Torro Visit Site

Torro at a Glance

Loan amount  $10,000-$500,000
Minimum monthly revenue $7,000
Time in business 3 months
Minimum credit score 700
Repayment terms 3 to 18 months
BBB rating A+
Trustpilot user rating ★★★★★ 9.4

Ideal For

  • Entrepreneurs seeking startup funds
  • Companies that want to expand
  • Businesses in need of fast funding for daily expenses

Why Choose Torro?

Torro connects businesses with financing for everything from startup costs to routine expenses. Instead of providing loans or cash advances directly to customers, Torro works with a network of lenders to find funding for:

  • Startups
  • Business purchases
  • Business expansion
  • Working capital

The company provides merchant cash advances, accounts receivable loans, and asset financing. Because your credit score is only one factor among many considered by the lender, you can apply for funding through Torro regardless of your credit rating. While some lenders may require a higher credit rating than others, Torro will match you with the most suitable financing options among its broad network of lenders.

Even “high risk” businesses obtain loans through one or more lenders in the Torro network. No collateral is required for funding, making the application process simple and fast. In most cases, approval is granted in under an hour, and funds are delivered in as little as two days.

What Torro Offers

  • Loans from $10,000 to $500,000
  • Access to a network of potential lenders
  • Funding for starting or purchasing a business
  • Options for any credit score
  • An easy online application process
  • Approval in less than an hour
  • Funding within 48 hours
  • Access to a loan expert

More Reasons to Choose Torro

If you need money to weather a slow season or cover expenses during a time of unpredictable cash flow, Torro can help you rapidly secure a working capital loan or merchant cash advance. Financing from providers in Torro’s network can also be used to stock up on inventory, purchase new equipment, or finance projects to grow your business.

Startup loans are divided into two different categories: documented ventures and “idea-based” ventures. You can apply for a loan if you have a well-formulated plan and financial projections or are still working on the specifics of your dream venture. You don’t have to wait until every detail is fleshed out to apply for funding and set out on the path to successful business ownership.

Minimum Qualifications

Unlike online lenders, who provide direct funds to customers, Torro does not have strict requirements. Each loan type has its own guidelines for qualification, and individual lenders often consider additional factors.

However, according to Torro’s outline of various loan scenarios, an existing company looking to qualify should meet the following guidelines:

  • Be a business in good standing
  • Have a valid tax ID number
  • Have a valid business address and phone number
  • Provide a verifiable business or personal credit history
  • Have received less than six credit inquiries in the past 90 days

Startup loans require:

  • A legally filed business entity in good standing
  • A statement of how funds will be used
  • Personal tax returns for the previous two years or three to 36 months of personal bank statements
  • Proof of income

Some lenders may ask for additional documentation or proof of assets depending on the loan type. A minimum credit score is required in certain cases, but other financial information may be accepted as an alternative.

Easy-to-meet qualifications

To apply for funding from Torro, click the “Apply Now” button on any page of the site, choose the desired loan type, and enter some basic information:

  • Business name and industry
  • First and last name
  • Email address
  • Business and mobile phone ZIP code
  • Length of time in business
  • Monthly gross revenue
  • Monthly credit card sales volume, if applicable

What’s Unique About Torro?

As with many online loan matching services, Torro’s application process is simple. Applying for a conventional loan can mean days or even weeks researching loans, gathering paperwork, and filling out forms with no guarantee of approval. Torro asks for only a few items of personal and business information, and applications are approved in under an hour.

With one click and a few data fields between you and a list of potential lenders, applying for a loan takes minutes. You don’t have to put your business on hold to find out what financing is available. Once your application is submitted, Torro taps its wide network of providers to find funding for your business needs. The network includes:

  • In-house solutions
  • A preferred lending network
  • Banks
  • Affiliated brokers
  • Private investors
  • Peer-to-peer lenders
  • Online alternative lenders
  • Lending marketplaces

Torro matches you with as many potential providers from these categories as possible. You can then choose your preferred lender based on the financial product, proposed terms, and interest rates. Information is delivered via email after a search of the provider network for applicable lending options.

Torro takes much of the stress and hassle out of the financing process with a 48-hour delivery time for funding. An advisor from the company works personally with you to address questions and concerns about funding before turning you over to their chosen provider. Since Torro is not a direct lender, you communicate with the lender from their network after finalizing a loan agreement.

No collateral is required to apply for funding, although some lenders may ask for proof of specific assets to secure larger loans. When applying, you have the chance to request a specific loan amount ranging from $10,000 to $500,000. The final amount for which you qualify is determined by the lender, as are all associated terms and fees. Due to the extensive and varied nature of the Torro network, no basic term structure or fee information is available prior to applying.

Torro provides “loan programs custom-tailored to fit your business,” so you should be able to secure a loan close to the amount you request as long as you meet the basic qualification requirements for the loan type. However, qualification information can be difficult to find on the site, so you may discover you are not eligible for as much as you would like.

Your credit score may or may not be a big factor in a lender’s willingness to work with your business. You may find your application rejected for poor credit if you approach a lender on your own. In contrast, Torro filters out unsuitable lending options and only delivers information from providers who work with companies in your current financial state. Since the application asks for your credit score up front, make sure you have an accurate assessment of your rating so that you are matched with appropriate providers.

Repayment Terms

Each provider in the list Torro sends after approving your application has different terms, rates, and fees. Before choosing a lender, you must review the information and decide which funding source is the most reasonable offer for the loan type you requested. This may require reviewing your budget and considering other obligations to determine how much you can allot to paying off the debt each month. Finally, you must agree to the repayment plan with your chosen lender and provide any other requested information to receive your funding.

Torro offers as many options as possible based on your initial application. The potential options appear after you enter basic personal data but before you share financial details, so you can assess your chances of getting the money you need. You are under no obligation to agree to any of the proposed terms if you decide that none of their suggestions are right for your business.

Flexible business loan options

Is Torro Safe?

Torro uses TrustGuard along with secure sockets layer (SSL) technology and PCI scanning to encrypt all customer information before transmission. The basic personal and business data entered when you apply for funding is used to match you with potential lenders and provide a personalized website experience. Confidentiality is required from all Torro employees and third-party lending affiliates with whom your information must be shared over the course of the funding process. Complete security and privacy details are laid out in Torro’s Privacy Policy.

Help & Support Availability

If you have questions on the application or lending process, help is available via phone Monday through Friday from 8 am to 5 pm PT. You can also email Torro at any time for information or support.

Live chat on their website site can provide immediate help before applying or when filling out an application. Should a representative not be available, it’s possible to leave a message in the chatbox so that they can contact you later. 

The site lacks certain resources. For instance, there is no blog or FAQ page. However, Torro connects customers with in-house help to guide them through the funding process. 

About Torro

Torro was founded in 2012 to connect businesses with a wide network of potential lenders. Since joining the Better Business Bureau in 2016, they have earned an A+ rating and remain an accredited member of the Bureau. The company works with both startups and established businesses to provide funding for a variety of expenses. With a network that includes banks, alternative lenders, and online lending marketplaces, Torro secures funding even for companies without stellar credit ratings. Also, Torro staff provide personalized guidance for each customer. This sets the company apart from those with “robotic underwriting” and makes the funding process simple for each qualifying business.

Torro Torro Visit Site

Physical Address


450 Hillside Dr, Bldg A 253

Mesquite, NV 89027

Contact Details

Phone: (866)858-2404



Torro customer testimonials

ExcellentReviews 338
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  • author
    Mark Shafer
    Sep 18, 2020
    Excellence in Funding

    I must commend Charle and Torro Funding. My business has gone through some exciting developments and I found myself in need of a funding source to facilitate growth. Charlie has been nothing less than professional, tenacious and attention to details has been unmatched. I’m grateful for Charlie and Torro for their current performance and look forward to a continued journey. I definitely recommend their services.


  • author
    Counsel&Student AtLaw
    2 days ago
    So I just tried working with this…

    So I just tried working with this company to get a business loan. Derek Phillips was our so called agent to help with this request! He is very arrogant and egotistical! Because my mom is 10 pts away from qualifications he made it impossible that she could not qualify... Wow then he wanted my report and said we could qualify for a loan!!! Hmmm sounds too fishy! So I told him that we are going with other lenders... His reply (so mockingly) All Roads lead back Torro ...😂😂😂 Please... My advice go with someone who is actually going to help you through! Maybe if we had another agent might be better! But overall this experience shouldn't even get a star!!! All I know is if 1 way dont work theres 99 more ways to keep trying


  • author
    Robert Patterson
    Sep 17, 2020
    Alex definitely is the person to work…

    Alex definitely is the person to work with! Great friendly experience and will definitely recommend his services to others. Thank you again for a smooth process. Rob Patterson


  • author
    Larry Belangia
    Sep 12, 2020
    No follow up from TORRO

    A Phil Planos requested bank statements for my business, I provided. 1 follow up email stating 1 denial however another source for funding would be contacted. I followed up with Mr. Planos via email asking for an update a few days ago. No response, no more follow ups or phone calls. Even if my business doesn't meet the standards, Planos still has my banking information which I will request that it be properly destroyed.


  • author
    Johon Hawara
    Sep 11, 2020
    Hey Alex Vehar did very good job was…

    Hey Alex Vehar did very good job was excellent service thank you very much