Check out the guidelines for Torro’s SLOC:
- Credit Score of 680+
- Funding Range: 1K – 100K ; Avg. 50K
- No Outstanding Charge-Offs
- Good Payment History
- At Least A Year of Individual Credit History
- Hard Inquiries: 4 or less in the last 6 months
- No Time in Business Required – Great for Start-Ups!
- No Revenue Requirements
- No Restricted Industries – We fund it all!
- Co-borrowers Accepted
- Term Loan Options Available
Funding Process Explained:
Initial Submission
- Credit Report
- Soft Inquiry for Pre- Approval
Approval
- Within 2-3 hours
- Consultation to cover offer and stipulations
- E-sign contract
Final
- Compliance call
- Bank submission
- Funded
