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Torro vs. Fundera Comparison

Compare providers side-by-side, allowing for easy comparison of features, rates, and terms. The comparison tool encourages individuals to thoroughly review all aspects of each service before making a smart financial decision.

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Business Loans

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Business Loans

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Good For
Hassel Free Funding
Good For
Get funded faster than at your bank
Age of Business

6+ Months

Age of Business

12+ Months

Min Credit Score
Min Credit Score
550
Loan Amount

$1K-$500K

Loan Amount

$5K-$5M

APR

APR

Min 7%

Monthly Revenue
Monthly Revenue
$11K
Repayment terms
3-24 months
Repayment terms
1-10 years
Soft Credit Pull
Yes
Soft Credit Pull
Yes
Pros
  • Startups and existing businesses can get funding
  • Simple online process
  • Fast approval time and funding period
  • No collateral necessary
  • Not too many loan requirements
Pros
  • Multiple financing options designed to help businesses grow and succeed
  • Convenient shop and comparison tool
  • Free service
  • Matched with experienced Funding Advisor who helps every step of the way
Cons
  • cons Not much customer support at the weekend
Cons
  • cons Loan terms and conditions not disclosed until after completing an application
  • cons Once deciding upon a product, you’ll work with the lender instead of Fundera
  • cons Potentially high interest rates and eligibility requirements
Loan Type
  • Working Capital Loans
Loan Type
  • SBA Loans
  • Business Line of Credit
  • Invoice Financing
  • Equipment Financing
  • Term loans
  • Short-Term Business Loan
  • Merchant Cash Advances
  • Startup Loans
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