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Torro vs. Rapid Finance 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
A Wide Array of Funding Options
Age of Business

6+ Months

Age of Business

New

Min Credit Score
Min Credit Score
550
Loan Amount

$1K-$500K

Loan Amount

$5K-$1M

Monthly Revenue
Monthly Revenue
$5K
Repayment terms
3-24 months
Repayment terms
5 months - 3 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
  • Fast time to funding
  • Low barrier to entry
  • Quality customer support team
  • Good track record
Cons
  • cons Not much customer support at the weekend
Cons
  • cons Not the most competitive rates
Loan Type
  • Working Capital Loans
Loan Type
  • SBA Loans
  • Business Line of Credit
  • Invoice Factoring
  • Merchant Cash Advances
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