Torro Small Business Loans Review

#3 in Small Business Loans

Torro offers financial services that gives businesses quick access to small business loans.  It connects businesses to its network of lenders, brokers and private investors through its online services. The application is done digitally and with no collateral requirements. Torro offers a variety of small business funding solutions. Up to $500,000 in loans with competitive rates are available and as little as 48-hour funding upon approval.

Features and Services

Torro offers a variety of business loan options for nearly any type of businesses. It gives borrowers access to multiple brokers, private investors, and brokers through its online platform. Applicants are provided with a simple online loan application with no collateral required.

Start-up and existing small businesses are offered flexible loan options that can be tailored to their personal needs. Funds can be used for a variety of purposes such as working capital, business start-up, inventory, emergency funds, assets, expansions, debt payment, equipment, or payroll. Once approved, funds could be deposited in the borrowers account in as little as 48 hours.

Borrowers can get up to $500,000 in loans. All it takes is to accomplish their online application form or by communicating with their agents over the phone.

Plan Details

Loan Amount

From $10,000 to $500,000

Loan Terms

12 to 48 months depending on the lender

Interest Rates

Varies on the loan lender

Fixed Interest Rate

Variable Interest Rate

Down Payment

Varies on the loan lender

 

Loan Fees

Closing Cost

Varies

Guarantee

Varies

Other Fees

Varies

Prepayment Penalty

Varies

 

Loan Application

Online Application

Personal Credit Profile

Business Credit Profile

Approval Time

48-hour

Local Branches

Available Nationwide

Application Time

WITHIN MINUTES

Mobile App

 

Qualification

U.S. Citizen

Good Credit

Bankruptcy

Years in Business

Not Stated

Qualified even with bad credit

 

Help and Support Services

Email Support

24 Hour Telephone Support

Live Chat

FAQs

 

Small Business Loans at Torro

Torro has a variety of funding options which is flexible to the individual needs of each business regardless of its industry. They allow consumers to access a list of lenders and helps them find a loan which suits their needs and terms. Torro is great choice for small business loan search because of its simple and paperless application with fast approval and funding of 48 hours.

Start your review for Torro Small Business Loans