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Torro

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LAST UPDATED: March 2nd, 2024

Torro is a business funding provider that is dedicated to helping others reach their personal business goals. Since being founded in 2015, Torro has grown to specialize in small business, new business, and even startup business funding, catering to the needs of individuals hoping to jumpstart and expand their businesses.

Torro prides itself on a simple lending process by granting fast approvals for all types of business funds (with funding approval given in as little as one hour) and its high-quality service. In addition to its lending services, Torro also offers consultations for small businesses and startups.

A customer that chooses Torro should remember that he or she must have a credit score of 600 or higher.

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The Good

  • Fast Approvals
  • Availability
  • Flexible Lending Options
  • Flexible Terms
  • Funding For Startups
  • Torro Reviews

Fast Approvals

Seeking out business funding can be stressful, especially when the financial need is urgent. However, Torro boasts a simple online or over-the-phone application process and a quick approval time, with funding approval given in as little as one hour. After receiving approval, borrowers can receive their funds in as little as one day.

Availability

Torro offers its funding service in all 50 states, making its offerings accessible to business owners in need of consultations and funds across the country.

Flexible Lending Options

Torro recognizes that each customer and its business has unique situations, goals, and financial needs. For companies that have been in business for more than a year, Torro offers expansion funding, equipment financing, no-collateral lending, and business capital. 

For startup companies, Torro offers startup funding for project development, business buyout, and minority business funding. Torro also offers several funding programs that other loan companies and banks do not, such as asset lending, bad credit business lending, and funding for high-risk businesses.

Repayment terms and other business funding details will depend on the funding type. Additionally, Torro offers merchant cash advance funding, which provides further flexibility for businesses to pay back what they borrowed. 

Flexible Terms

Torro funds can be fixed-term or open-ended, giving borrowers multiple payment solutions. For fixed-term funding, Torro funding can be up to $575,000. Fixed terms range from 3–24 months and rates will not fluctuate for the entire length of the funding period. 

Repayment terms are also flexible, so you don’t have to worry about being charged a penalty if you pay off your funding early. 

Open funding has more flexible payment options and features than fixed funding. Open funding ensures you are approved for the maximum amount offered, and if you meet the requirements, you can borrow up to $125,000. 

Once you apply for funding and are approved, you can withdraw the funds you need immediately to help your business’s cash flow and continue to withdraw more as you need additional funds. Your monthly payment will be based on the amount you currently have borrowed. As you pay off the funding or withdraw more money, your monthly payment will fluctuate.

Funding For Startups 

Torro knows that getting capital for a startup can be difficult. In order to expedite this process and increase your cash flow with ease, Torro provides its customers with an account specialist that can find quick funding solutions for their startup. 

Startups can receive startup capital that ranges from $25,000–$125,000. The amount of money you are approved for is dependent on the business owner’s, partner’s, and investor’s personal credit.

Torro Reviews

The majority of Torro reviews are positive, highlighting the lending company's extremely helpful customer service, the quick lending application process, and a variety of financing options. This can provide peace of mind to customers that the company is a trustworthy lender with satisfactory business funding. 

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The Bad

  • Young Company
  • Little Information on Fees and Rates

Young Company

Torro has been in business since 2015, which is a relatively short amount of time when compared to other lenders in the industry. This does not necessarily mean that Torro's programs are lower quality than more established competitors, but some may prefer a financing option with a more lengthy track record.

Little Information on Fees and Rates

While Torro claims to offer low rates, it provides very little information on its website about those rates. The lack of openness does not necessarily mean that Torro’s rates are not competitively low and fair, but it does show a lack of company transparency. 

To ensure you do not encounter any unexpected rates or fees, ask a Torro representative to explain the specifics of the contract before making any formal agreements.

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The Bottom Line

Torro is a business lending provider that offers valuable services for business owners in all 50 states that are in need of financial funding and consultations. The company offers equipment financing, expansion, no-collateral, and business capital funding. 

The company may prove to be an exceptionally good option for those seeking lending services for startups and new businesses. Torro offers a variety of lending options, quality customer service, a simple application process, and quick approval and funding times. All financing options require a 600 credit score or higher. 

However, Torro is a relatively young business, and the company provides little information about its fees and rates on its website. If you want a lender with more experience and transparency, we recommend checking out other top-rated loan service providers. 

If you are interested in learning more about what customers think about the financing solution, you can find Torro reviews below.

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Star Rating

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4.7

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189 Reviews

Review Breakdown

5 grade

80%

4 grade

8%

3 grade

4%

2 grade

2%

1 grade

7%

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Featured Review

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Alejandra Cordova Laredo, TX

Our experience has been a awesome one! All thanks to Gavin. He has been extremely helpful since day 1 with the whole process and absolutely love working with him. He will definitely be our go-to for any/all future funding we need to continue expanding our business. We couldn’t be any more grateful for all his help and for TORO for trusting us and our business.

2 years ago

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Reply from Torro

Hello Alejandra, Thanks for the review. Gavin is an awesome guy and always has the business owners vision in mind and brings solutions to the table. Thanks for putting your trust in us and happy to help you any way we can in the future.

Nov. 8th, 2021

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Jeff Gouveia Makawao, HI

Was looking for startup funding on Hawaii, and finding a source was really tough. Luckily Anthony at Torro was able to provide me with all of the necessary information I needed to start off on the right foot. Thank you Anthony!

2 months ago

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Paul Cox Colton, CA

Thank you, Josh C, and the entire Torro team for your help and assistance throughout the entire process. For your constant interaction and answering all my questions. Thank you so much. Paul C.

2 months ago Edited February 2, 2024

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Matthew "Kyle" Smith

Before Torro, we didn't have the capital to take on all the little jobs we had, but with their help we were able to grab those extra jobs and I've gained a lot more capital in doing so. It was very easy for us, everybody was very understanding. Anytime I had issues I would give them a call and it was always taken care of. A little more pricy than other stuff, but a great experience overall.

5 years ago

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Shaina Swartz Crawfordville, FL

If you are looking for credit cards for a start up business contact this company. If you are looking for a loan this isn't the right place. I was under the impression it was a loan company. Not exactly what I was looking for, but it may be for someone.

2 months ago Edited January 30, 2024

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Stephanie Houston, TX

Torro's application process was quick and easy and Anthony B was a pleasure to work with. He was friendly and personable and walked me through the entire process!

2 months ago

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Tammi

Excellent customer service and extremely fast

2 years ago Edited January 10, 2024

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Reply from Torro

Hello Tammi,
We are always trying to make things more efficient and always keeping clients up to date each step of the way. Happy we were able to help you out, please reach out if you have any questions.

Nov. 18th, 2021

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Brenton Los Angeles, CA

Annoyed that they had me sign up for a credit check subscription and then when I didn’t get the loan they didn’t say anything about the subscription they signed me up for to apply then I got charged $30 dollars and am spending my time figuring out how to cancel this subscription.

1 month ago

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Kyrra Ogden, UT

Torro is the best company if you’re looking to start up your business! Anthony was able to get my husband and i just what we asked for!

2 months ago

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Loren Grootegoed Jensen Beach, FL

We were a small business start-up and it was hard to find people who would lend to us, but they were willing to work with us. They didn't really provide us a loan but helped us get some credit cards to finance our start-up costs, with 0% interest on the card. They answered all our questions or would call us back in a timely manner.

5 years ago

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Sasha Vargas

Anthony was super helpful! Looking forward to getting our business started with his help in the near future.

2 months ago

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Quent Russell Denver, CO

I worked with Dario and he helped me secure funding for my start-up business and made everything so easy throughout the whole process. Torro Funding is the way to go for your business funding needs.

6 months ago

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Robert thomas Hoosick Falls, NY

Very good company and good service, they work very hard to get you money. They are on top of things and always communicating with you on what's going on

2 years ago

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Reply from Torro

Hello Robert, Thank you for taking the time to leave a review. We take pride in communication and the efficiency within our processes. We are very happy we could help you out. Please reach out if you need anything.

Jan. 5th, 2022

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Erick Gomez Montgomery, IL

I didn't like the way they helped me, instead of one loan I'm stuck with several payments and not just one. However, I was able to open my business, and they do what they say they will do to help you. Also, every time I had a question, I called, and they always had the answer.

5 years ago

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Gujuan Smith Prosper, TX

I must say working with this group will be a life long experience. The representative that help me out name is Gavin N and guys let me tell you. Talking about putting in work this guy worked for days trying get me what I needed. He worked so hard at it I felt like we were related and he wasn’t going to let his family member down. So if you need help and Torro ask for this. Sorry Gavin I think I just gave you a bigger work load. I give this guy 100 out of 100 stars. Thank so much again brother.

1 year ago

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Reply from Torro

We appreciate the 5 star review! Gavin is excellent and always willing to put in the work to get it done. We hope you turn to Torro again for any future funding!
-Torro

May. 8th, 2023

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Max McDaniel Fort Worth, TX

Worked with Tyler S. And he did a great job! The whole process was smooth and we were able to get funded. He kept in communication throughout and that was an important determining factor to use Torro. We had a couple of different options we were looking at, but they would not follow through on what they said or call when they said they would. Thanks again Tyler!

2 years ago

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Reply from Torro

Hello Max, We appreciate your feedback and are happy we were able to win your business over with the small things. As always, if you ever need anything please reach out.

Mar. 8th, 2022

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Marcus Edmond Newark, DE

I have had the call measure to work with Christian M V of Torro. He was courteous, knowledgeable and diligent in getting the requested funding for my company. Christian accurately explained the process and assisted in every step of the process. I filled out the application and forwarded the requested paperwork to Christian and after our review funding followed the next morning. I thank Christian for his professionalism and his attention perseverance in completing the funding. I highly recommend Torro Financing and Christian as a great representative

2 years ago

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Reply from Torro

Hello Marcus, We are grateful for the review and honesty. We try our best to be knowledgeable, diligent, and professional in all of our dealings. Please let us know if there is anything else we can do for you.

Feb. 22nd, 2022

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Eric J. Nightingale San Diego, CA

Excellent customer service. Clear instruction. Blessed to have met Tristan B who was an amazing help and so genuine with his services. I would recommend Torro to any business owner who is in need of help to expand their business, pay off debt, etc. Same day funds is also a huge plus and I feel blessed to have Torro trust in my Company and I. Much respect to this well established company!!!

2 years ago

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Reply from Torro

Hello Eric, Thank you for the kind words. We really strive to provide honest and upfront service for everyone we come in contact with. Tristan is a shining star when it comes to that. If you need anything else, please don't hesitate and reach out if you need anything.

Dec. 20th, 2021

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greg hernandez

I could not believe how awesome this company was I was in a pinch snd needed that extra capital . I spoke with Braxton R and by the way was a straight shooter everything he told me was point on I call to get funded and within less then 24 hours I had my money if I could give them a 10 I would .Trust me when I say if your lucky enough to have read this review no need on going anywhere else this team is awesome

2 years ago

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Reply from Torro

Hello Greg, Braxton is as good as they come. We take great pride in being upfront, honest and having a smooth process with all of our dealings. We are thrilled we were able to get you funded within 24 hrs which will allow you to continue to grow. Please reach out if you need anything else. Cheers!

Dec. 2nd, 2021

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Kassie Garland Glen Carbon, IL

Derrick at Torro was in contact immediately after my request for information. Although I was close to eligible, my credit had a couple of snags. Derrick walked me through the entire process and explained what was needed and gave me options on how to get what I needed. His information was invaluable and I greatly appreciate the help. Most lenders will not even consider a start-up and until I spoke with Derrick, I had nearly given up my dream!

3 years ago

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Abduljalil Alauddin Paterson, NJ

Peace, I am a small business owner : I.O. Quick Clean Out 220 17th Ave Paterson , NJ 07504 I recently seeked funding for my company. Mr . Andrew B of Torro helped me reached that goal. He was very honest, straight forward and determined to get my company the capital it needed to grow to the next level. I am very grateful and happy with his service and the company. Thank you for making it possible to excel as an entrepreneur. Sincerely, Abduljalil Alauddin

5 years ago

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Steven paredes San Jose, CA

My experience with Toro was great really great customer service as soon as I make a call they answer the phone right away explains the me details of the business loan that I am applying for And also tries to help you out on getting a business loan for small businesses Matt really help me out in explaining what process I need to do to be able to get approved by tomorrow To start getting funded really great company I really recommend them for small business owners thank you torro and thank you Matt

6 years ago

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Jeff Louisville, KY

A first time user of business financing of any kind. Without doubt, Torro provided that resources needed to expand. With the guidance of Hayden, a Torro account executive, our business received funds far faster than expected. The deal rates and terms were very acceptable. More over, the cash infusion allowed for the following month to be a record revenue growth month in our 11 year history. We now have a partner and a credit facility that will enable us to grow and continue to add new customers in the foreseeable future.

6 years ago

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Emily Adams CA

Found out about Torro and they reached and answered all my questions, highly recommend Anthony

2 months ago

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amanda marko Amsterdam, NY

TYLER IS VERY FAST AT RESPONDING WHEN I EMAIL OR CALL. THE Y ARE REALLY FAST WITH SENDING THE FUNDS AND FINISHING THE REQUIRED PAPERWORK.

2 years ago

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Reply from Torro

Hello Amanda, Thank you for the review. Tyler is one of the best we have, glad you had a great experience. If you have any questions or concerns please don't hesitate and reach out to us.

Jan. 5th, 2022

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Roderick Stephens Dublin, GA

Because I was told for my first time to receive the money I was looking for was to get what was available to me to build credit and trust but allowing to draft everyday from my account and I have done that I renewed and still things are going the same and drafting from my account every day puts you in control of my money

2 years ago

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Reply from Torro

Hello Roderick, I appreciate you taking the time to send in this review. This is more valuable than you may know. We don't know how to become better until we hear it from our clients. With that being said when it's time for renewal let's take a look at the terms and let's discuss what we can do for you moving forward.

Nov. 23rd, 2021

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Leslie Lauersdorf Racine, WI

They were helpful in directing me in what I needed to do to improve my credit score and were very good explaining what would happen.

5 years ago

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Sabrina King Clementon, NJ

I wanna thank Gavin for his great customer service and the help he provided me. I would recommend Gavin and Torro any day. They will go the extra mile to get you approved and I love how they wish you success and the best for your business. I appreciate you all so much. Thank you

1 year ago

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Karen Nielsen

Working with Richard has been patient and friendly. He is very responsive and has been able to answer my questions. If hes unsure he is upfront about it, looks for the answer, and helps with creating solutions. I look forward to continuing to work with him.

1 year ago

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Easycare Clinton, MS

This is the best experience I’ve had in a long time, everything went smooth as promised, and thanks to Mr. Gavin, he was extremely professional, courteous, and quick to respond to any of my questions. Thank you Torro, Zina

1 year ago

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Ken Johnson Arlington, TX

Trying to get a start up going is difficult at best but this process was rather easy and simplistic although the cost of the loan is higher than normal but it’s not where you start it’s where you finish that’s important. It was a very pleasant experience looking forward to doing more business With Toro

1 year ago

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Reply from Torro

Hello Ken, Thank you for trusting in us to help you get your dream up and running. Let us know if there is anything else we can do to help.

Aug. 5th, 2022

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MR.D Chandler, AZ

Great experience, got funded the same day. Only upside is the interest that comes with the fund, but never the less its great if you need working capital asap. Tyler helped me out through the entire process and answered every question almost immediately. Great experience

2 years ago

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Reply from Torro

Hello MR.D, Thank you for the 5 star review. Tyler is very knowledgable and bends backwards for his clients. As always, if you need anything please reach out.

Apr. 21st, 2022

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clayton scott Kingwood, TX

Alex was our agent and he was prompt with the terms and options. We needed them quickly and he pulled through. This is the 2nd loan we have done with them over the course of our business and they are always transparent and very helpful.

2 years ago

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Reply from Torro

Hello Clayton, Alex takes great pride in transparency and the ability to get options in front of you. Thanks for the trust in Alex. As always, let us know if you need anything.

Apr. 7th, 2022

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The iLIVE Project Baltimore

I have had a wonderful experience with Torro! My consultant Derek P provided above and beyond customer service throughout every step of the process along with the supporting Torro team. I have referred friend and business partners to Torro for obtaining financial opportunities. David Thompson

2 years ago

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Reply from Torro

Hello David, We appreciate the honest feedback. Thank you for the referral, thats the best compliments we could ask for. As always, if you need anything please reach out.

Apr. 4th, 2022

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Travs Watertown, TN

Derek P was beyond helpful. He listened to what I needed and went out of his way to reach my goals. Answered everything and every time I emailed him even on his own time if I had a question it got answered. Great guy hope we work together again.

2 years ago

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Reply from Torro

Hello Travs, We appreciate your feedback. Derek is one of our best and he takes great pride in customer service. Glad we could help you out. As always, if you need anything please reach out.

Mar. 28th, 2022

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Lou Madison, AL

Joshua was absolutely great! He was speedy, responsive and determined to get me an approval, had it not been the weekend, everything would have been done in one day. I really appreciate people like him, who gets the job done with fast, amazing results. I am grateful

2 years ago

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Reply from Torro

Hello Lou, Thank you for leaving a review. We strive to be as efficient and responsive as possible for our clients. We appreciate you! As always, if you need anything please reach out.

Mar. 16th, 2022

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Rochelle McFadden Barberton, OH

Braxton R is a blessing to my business. Stuck with me and made sure I understood everything and didn't give up me. Because of him I was able to get my company vehicle fix so that we can continue to make money. Thank you all for believing in my company and I cant wait to show you guys what we are about to achieve

2 years ago

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Reply from Torro

Hello Rochelle, We appreciate the kind words and your belief in us to help you get through tough times. We will be here if you need anything or have any questions.

Feb. 28th, 2022

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Your Majesty Trucking Las Vegas, NV

Joe is my broker. He goes the extra mile. He is great with following up and keeping you in the loop. I will continue to work with this company only if Joe is present!!! I received my funds quickly. Thanks Joe for everything!!!

2 years ago

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Reply from Torro

Hello Your Majesty Trucking, Thank you for the honest review. We are very grateful for the opportunity to help. As always, if you ever need anything please reach out.

Feb. 22nd, 2022

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Sonja Phoenix Waterloo, IA

Braxton was awesome to work with and made the process so quick and easy, I was even still able to meet my day to day business tasks while I was working with him. He was very responsive and did not pressure me with any smooth-talking gimmicks, just very informative and I felt he was being honest. I would recommend Torro to anyone!

2 years ago

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Reply from Torro

Hello Sonja, We take pride in being up front and honest while being informative. Please reach out if you need anything else or if you have any question. Happy Holidays!!

Dec. 10th, 2021

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Carlos Easton, PA

It was such a great pleasure working with Andrew B! He was very professional, courteous, and to the point. What I appreciate the most is his sincerity. I would recommend working with him and I definitely would work with him again , if the need arises. Thank you, Andrew!

5 years ago

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HENRY A DANEAULT Lowell, MA

ANDY B. WAS DETERMINESD AS I WAS TO SEE MY FUNDING THROUGH EVERY STEP OF THE WAY . HE PROVED HIMSELF TO BE AN UP-FRONT PERSON,TELLING IT LIKE IT IS!!!MY WHOLE EXPERIENCE WAS GREAT. THE PROCESS TOOK LESS TIME THAT I ANTICIPATED. I AM RECOMMENDING TORRO ,LLC,ANDY B. TO MY COLLEAGUES AND CLIENTS.

5 years ago

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Marion Berthoud, CO

Toro is a very thorough company they help you with any questions you may have on your loan. Toro representatives get back to with an hour of leaving a message for them. Toro lets you know up front what is needed for your loans and how it is processed. I really like the way they do business.

5 years ago

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N. Alexander Charlotte, NC

Great experience. The reps explained everything well. Was timely with call backs. Very helpful in getting the resources needed to start my business. Big Shout out to Joshua M! Joshua was very patient and answered the many calls and questions without hesitation and pleasantly.

6 years ago

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Connie Luebbert Longmont, CO

Joshua M. was the BEST to work with. If I had any questions during the process, he was always readily available to answer them. He worked quickly and efficiently. I highly recommend working with Joshua and Torro if you need funding for your business!

6 years ago Edited September 14, 2021

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D Ortman Colorado Springs, CO

They are one of the best for meeting clients needs within the structure of current business operations. Andrew B., the account rep was excellent at finding solutions and thought outside the box in a very professional manner. The accounting dept followed through ahead of time in getting the funding out.

6 years ago

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D Ortmann Colorado Springs, CO

The are one of the best for meeting clients needs within the structure of current business operations. Andrew B. the account rep was excellent at finding solutions and thought outside the box in a very professional manner. The accounting dept followed through ahead of time getting the funding out.

6 years ago

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Wayne A Krieg Shickshinny, PA

Easy , convenient , straightforward. Hoping they stick to there word and contact me before loan ends to offer me higher loan amount

2 years ago

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Reply from Torro

Thank you Wayne, we do everything we can to follow through with our word. I'll make sure that we follow through. Thanks again Wayne for putting your trust in us.

Nov. 8th, 2021

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Khizar Khan (Demand)

I'm very upset with them. They were supposed to give me a loan for $50,000, and they only gave me $30,000, which wasn't enough for my business. I had to pay the company back for doing the job, but it wasn't any good for me.

5 years ago

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William Morgan

They're very responsive, they're also the most high-tech and made the process very convenient for me.

5 years ago

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Carl Bowers Dallas, TX

I don't get any support from them. I probably could have done it all myself just individually working with the card companies. But it was probably my own ignorance making me end up paying for 10% which amounted to over $5,000. It was just a mistake on my part.

5 years ago