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08-18-2015, 09:38 AM #1
- Join Date
- Jul 2015
- Location
- Salt Lake City
- Posts
- 23
Start-Up Clients WANTED. Torro provides innovative funding solutions for Start-Up's
Tired of Start-Up leads / clients and no way to fund or make money off of them? As a lender in the MCA space we realize how expensive marketing can be & the number of Start-up clients that apply.
Torro B.L.O.C. funding program was developed to provide innovative funding solutions to all clients who do not qualify for traditional MCA funding.
If you have clients who meet the following requirements Torro can get them funded!
Pre-Qual Requirement
No Bankruptcy in last 4 years.
620 3B FICO credit score
Over 21 years of age
Client Funding Guarantee:
$25,000
$50,000
$75,000
$100,00
Max Funding through BLOC is $160,000 (Must have stellar credit)
There are no other requirements as far as length of time in business, business revenue or business credit. All funding is based on personal credit.
Payouts: are 30-50% of Service fee charged to client. Service fee $3,995-$9,995
To learn more & to setup your ISO portal contact: cnm@gotorro.com
www.GoTorro.comLast edited by cnmtorro; 08-18-2015 at 09:51 AM.
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08-18-2015, 10:06 AM #2
- Join Date
- May 2015
- Location
- Long Island
- Posts
- 247
Sounds great at initial glance as we all have those in our database who just aren't ready for traditional or alternative lending vehicles.
That said I am going to assume the lender is going to have some sort of income verification to assure the funds can be paid back. Last years tax return, pay stubs? How do they verify the borrower can pay if business cash flow isn't a factor?
Also does this go on their personal credit, meaning will this be reported?
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08-29-2015, 09:37 AM #3
- Join Date
- Jul 2015
- Location
- Salt Lake City
- Posts
- 23
Start-up funding can be very tricky to obtain. We run a process we call BLOC (Business Lines of Credit) to assist our clients in obtaining the funds they need to get the startup off the ground. No income verification is required with the banks we use and all lines submitted and obtained are based off the clients personal FICO credit score (Score, revolving debt, inquires, collections, charge offs.....).
Once complete all lines obtained are on there personal credit along with their business credit assisting the client in building business credit.
In order for our team to underwrite we simply need a 3B credit report and we will have an offer for you within 24 hours.
To learn more feel free to give me a shout:
cnm@gotorro.com
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08-29-2015, 12:26 PM #4
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Start-Up Clients WANTED. Torro provides innovative funding solutions for Start-Up's
Is this a business credit card form of financing?
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09-18-2015, 06:28 PM #5
- Join Date
- Jul 2015
- Location
- Salt Lake City
- Posts
- 23
All funding is based off the clients personal Credit. Once credit lines have been open and active we transition those to the clients business credit. The issue is most have no business credit so options are limited.
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10-12-2015, 10:09 AM #6
- Join Date
- Jan 2015
- Posts
- 93
Can you please send me an ISO agreement? jgraydon1@gmail.com
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12-18-2015, 12:00 AM #7
- Join Date
- Jul 2015
- Location
- Salt Lake City
- Posts
- 23
Torro provides a unique funding option for the MCA industry and an excellent way to fund the merchants no one else will START UPS.
Torro has taken on over 50 new ISO's in the last 90 days, maintains a 24 hour turn around time on approvals, lightning fast funding, quick payouts and are excited to bring on new ISO's in 2016.
Our highly experienced team provides a quick turn around on approvals, massive payouts and real time reporting on all your files.
If you aren't using Torro to fund your start ups your missing out on unreal commissions.
Not interested in funding start ups? Great news! Torro buys start-up leads and or originates and sells your start ups for you!
To learn more about all the options Torro provides contact: cnm@gotorro.comLast edited by cnmtorro; 01-14-2016 at 09:04 AM.
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01-19-2016, 04:25 PM #8
- Join Date
- Jan 2015
- Posts
- 38
Torro buys start-up leads and or originates and sells your start ups for you!
Great! How much $?
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01-19-2016, 08:21 PM #9
Start-Up Clients WANTED. Torro provides innovative funding solutions for Start-Up's
Just finalized One Today- And I would do more! Good to have under your belt if needs be. Rick is my guy there!
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01-19-2016, 09:20 PM #10
- Join Date
- Jun 2015
- Posts
- 3,325
What's commission like ? Was it worth the time ?
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