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TORRO 2021

In a nutshell: Torro provides funding for both new and existing businesses and even works with early-stage startups. To apply, business owners complete a quick and simple application and can expect to be approved in as little as an hour. Torro offers phone support as well as online support via live chat or email.



Torro provides entrepreneurs and businesses looking for capital with quick and easy access to business loans. Based in Nevada, Torro connects potential borrowers with lenders in their network instead of providing loan funding themselves. Their network of lenders consists of private investors, affiliated brokers, online alternative lenders, banks, and peer-to-peer lenders. Businesses complete a quick online application and can then review loan offers.




Torro can provide startups and existing businesses with access to potential lenders. Depending on a business’ needs and goals, Torro connects potential borrowers with the financial institutions in their network. Their network includes independent brokerages, private investors, and lenders.

Because of their flexible loan options, Torro can service businesses looking to expand as well as startups and entrepreneurs. Additionally, they have consulting services available for interested startups and small businesses. If small businesses need merchant cash advances or lines of credit, Torro is an excellent choice.



Application Process

Torro has a network of lenders which allows flexibility in the loan requirements. However, a potential borrower needs a couple of things in order to qualify. Businesses require a valid ID number, address, and phone number. They must also be in good standing financially. Additionally, businesses must provide a credit history, and they cannot have had six or more credit inquiries in the last 90 days.

Some lenders may require a credit score of at least 650 and additional business information. Startups looking for funding must provide a statement explaining how their loan will be used, and they need to have a legally filed business in good standing. Startups have to give proof of income in addition to their personal tax returns from the last two years or personal bank statements from the past three to 36 months.

Torro’s online application is easy. Businesses can begin by clicking on “Apply Now” on Torro’s website. The application asks for information about the business, including business name and industry, the business address, email address, monthly gross revenue, monthly credit card sales volume (when applicable), and length of time in business. Businesses can receive approval within an hour and, in a lot of cases, their funding as quickly as 48 hours.



Repayment Terms

After submitting an application, a business receives different offers from multiple lenders with different rates. APR is determined by the business and its location and varies, but it will never go over 36.00%. The Torro website provides the example of a borrower seeking $4,500 who agrees to a 42-month installment contract with a 29.00% interest rate and an APR of 33.10%. After all included fees, each of the borrowers 42 payments would amount to $172.



Customer Support

You can reach Torro’s phone support Monday through Friday from 8AM to 9PM PST. Support is also available online via live chat or email. If there are no staff members available to chat live, customers can leave a message. Unfortunately, their website does not provide much detailed information, and there is no FAQ available.

  • For businesses, startups, & entrepreneurs
  • Funds available quickly
  • Easily apply online
  • Limited support
  • Site lacks information
  • May require excellent credit
Torro has a simple online application and can deliver funds in as little as 48 hours to businesses.


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Joe Schwartz

Business Loans Editor

Joe is the chief content editor of TheTop10Sites and manages a diverse team of content writers. He holds a degree in online communications and his writing has been featured in a wide range of online publications.