Start up/Low Revenue funding. Let Torro monetize your leads
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  1. #1

    Start up/Low Revenue funding. Let Torro monetize your leads

    We at Torro (www.GoTorro.com) have been in the cash advance/ACH industry now for several years. We all spend thousands of dollars a year on leads that we end up throwing away due to not having the revenue or credit to get funded. That is why 4 years ago we came up with the SLOC program. It is a lines of credit/credit card program where we can get your merchants anywhere between 25-100k at 0% APR for 12-18 months. There is no minimum revenue required. Merchant could be pre revenue. We do a soft pull to get an offer. Merchants will usually have funding within 7-10 days if there are no stips. If there are stips, we are looking at more like 14-21 days. The big difference with what we do and your merchant just getting a business credit card is that they can convert into cash at that 0% APR rate. So if your merchant is looking to buy a business, equipment, piece of property, needs to make payroll, etc. they can do a transfer online to make that happen. Doing this they don't have to worry about the high cash advance fees or interest rates that traditional credit cards charge. There are no upfront fees for the merchant, they use the funding they get to pay our service fee which is where our ISOs make their money. We offer a custom built funding CRM to our ISOs so they can track their merchants throughout the process.

    Merchant Requirements:
    700+ FICO
    No BKs in last 4 years
    Less than 4 hard inquiries on each reach last 6 months
    If merchant does not meet these requirements they can attach a cosigner. They do not need to have any ownership in the business, just need to meet the above requirements.

    Give me a call so we can get you registered and help you monetize the leads you have.

    Rick Mele
    ISO Relationship Manager
    801-441-7943
    rick.mele@gotorro.com

  2. #2
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
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    How is this different than Seek Capital?

  3. #3
    Seek and us are in the same space, we offer a similar program, we offer a slightly higher pay out structure.
    Last edited by Rick@GoTorro; 04-19-2018 at 01:14 PM.

  4. #4
    Senior Member Reputation points: 12878
    Join Date
    Jan 2016
    Posts
    435

    We have been working with Torro for some time now. They are quite easy to work with and they do offer a portal to track all submissions and where the merchant is in the process. Commissions are paid promptly and Torro has been great at keeping in communication with us if any issues arise. They are almost identical to Seek but if you are not signed up with either Torro is a good option in my opinion.

  5. #5
    We appreciate your review!! Let us know if there is anything we can do to help. We have a lot of great things going on right now!

  6. #6
    Member Reputation points: 28
    Join Date
    Nov 2015
    Location
    Long Beach, CA
    Posts
    54

    Interested in signing up. Send me an email when possible newdeals@thinkon3.com

    Al

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