Torro Small Business Loans Review

Rating: 9 / 10 (Excellent)
Disclosure: We receive advertising revenue from this partner. 
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Torro is a Nevada-based online lending marketplace that specializes in connecting small business owners with their network of private investors, independent brokerages, and lenders. Their flexible business loan options can be used for startups, existing businesses, and hard to place loans. Torro also provides small business and start-up consulting services. Torro has a 4-star TrustPilot rating, and an A+ score with the BBB.

How is Torro rated?


Loan Options
Application Process
Rates & Fees

Overall Rating: 9 / 10 (Excellent)

Torro is a good choice for small business loans if you are specifically looking for lines of credit or merchant cash advances, as these are the main loan products the company offers. What's more, they are particularly good for merchant cash advances, since they feature one of the highest loan amounts in the business. However, their credit score requirement and general qualifications are somewhat stringent.

Loan Options

Available Loan Types

SBA Loans
Term Loans
Lines of Credit
Invoice Financing
Merchant Cash Advances
Equipment Loans

Business Lines of Credit

Min Loan Amount
Max Loan Amount
Repayment Terms
Depends on chosen lender

Merchant Cash Advance

Min Loan Amount
Max Loan Amount
Repayment Terms
Depends on chosen lender

Loan Options - 8.8 / 10

Torro is an online comparison marketplace that can get small business loan offers for lines of credit and merchant cash advances. Although term length varies according to the lender, the company does offer minimum and maximum amounts for its two loan products. Torro offers a better than average maximum of $250,000 for business lines of credit, and one of the highest maximums around for merchant cash advances at $750,000.

Torro Rates & Fees

Lines of Credit

Fees: Depends on chosen lender

Merchant Cash Advances

Fees: Depends on chosen lender

Rates & Fees - 9 / 10

APRs and loan fees with Torro vary depending on the lender the company connects you with. Torro not only partners with a vast network of the biggest names in lending, but also with private investors and independent brokerages to find the absolute best rate and fee structure for your line of credit or merchant cash advance.

Application & Qualifications

Online Application
Approval Time
Less than an hour, in many cases
Funding Time
As little as 48 hours
Min. Credit Score
Additional Qualification Requirements
Personal Guarantee
Business Plan
No Recent Bankruptcies

Application Process - 8.5 / 10

Torro offers a quick application process that can see customers getting funded within 2 days. This is pretty much standard among online, alternative lenders. Torro requires a credit score of 650, which might be prohibitive for some startups or businesses with less than ideal credit. Existing businesses must show tax returns for the past 2 to 5 years. New businesses may require a business plan, as well as past business references (landlords, employees, etc.). In either case, collateral may be required if credit minimums are not met, and banking information may be requested (but not linked).

Torro Reputation

Customer Feedback

TrustPilot Score
9.2 out of 10
BBB Rating
BBB Positive Reviews
BBB Negative Reviews
Date Collected

Reputation - 9.5 / 10

Torro has an excellent 9.2 score on Trustpilot. The company is also BBB accredited, carrying a grade of A+. Torro is generally favorably reviewed online with most customers remarking their best quality as personalized, one-on-one service from knowledgable representatives.

Contact & Additional Information

Homepage URL
Company Phone
(866) 858-2404
Headquarters Address
975 E Woodoak Ln Ste 10 Fl 1, Salt Lake City, UT, 84117
Year Founded

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Customer Comments & Reviews

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Dorothea J
Surprise, Arizona
This company is a fraud.

Los Angeles, California
I really appreciate if I can get loan I would be glad that I can have a little help .

Our Partner
9.0 / 10
  • Business Lines of Credit up to $225,000
  • Merchant Cash Advances up to $750,000
  • Fast approval with 48-hour funding
  • A+ BBB Accredited
  • Simple & paperless loan application
  • Multiple funding options for different types of business
  • Access to a list of small business lenders, brokers, and private investors