Approvd Finance Team
Michael Torres
Business Finance Specialist
About Michael Torres
Michael Torres is a Business Finance Specialist at Approvd with nine years of experience in alternative business lending and working capital financing. He focuses primarily on non-traditional funding options — including merchant cash advances, invoice financing, equipment loans, and business lines of credit — helping businesses that may not qualify for conventional bank financing.
Michael began his career as a loan officer at an alternative lender in Chicago, where he developed deep expertise in underwriting for high-risk industries including restaurants, construction, and transportation. His background in both sales and credit analysis allows him to match business owners with the right product for their specific situation — not just the easiest approval.
Known for his straightforward, no-nonsense advice, Michael's writing cuts through industry jargon to give business owners practical guidance they can act on immediately. He has a particular passion for helping minority-owned businesses and first-generation entrepreneurs access the capital they need to grow.
Michael holds a Bachelor of Business Administration from the University of Illinois Chicago and is a member of the National Association of Small Business Finance Professionals. He is based in Chicago, IL.
Areas of Expertise
- Merchant Cash Advances
- Equipment Financing
- Invoice Factoring & Financing
- Business Lines of Credit
- Bad Credit Business Loans
- Alternative Lending Solutions
Education & Credentials
B.B.A., University of Illinois Chicago; NASBFP Member
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Articles by Michael Torres
How to Qualify for a Small Business Loan in 2025: A Complete Guide
Getting approved for a small business loan starts with understanding exactly what lenders look for. We break down every qualification factor — from credit scores to cash flow — and show you how to put your best application forward.
What Is Revenue-Based Financing? A Plain-English Guide for Small Business Owners
Revenue-based financing is one of the fastest-growing small business funding products — but many owners still aren't sure exactly how it works. This plain-English guide breaks down everything you need to know.
Invoice Factoring vs. Invoice Financing: What's the Difference?
If you're a B2B business waiting weeks or months for clients to pay, invoice factoring and invoice financing can put that money to work immediately. But they're not the same thing — here's what you need to know.
How to Get a Business Loan as a Startup: What Actually Works in 2025
Startups face a real catch-22: lenders want revenue history, but you need a loan to generate revenue. Here's what actually works for businesses under 12 months old.
What Is a Working Capital Loan? Everything Small Business Owners Need to Know
Working capital loans are the most common type of small business financing — but there's a lot of confusion about what they are, what they cover, and which products actually qualify as working capital financing.
Your Business Loan Was Denied. Here Is What to Do Next.
A denial is information, not a verdict. Here is how to read the reason for your denial and turn it into a roadmap for getting approved.
Understanding Your Business Credit Score: What It Is, How It Works, and Why It Matters
Most business owners do not realize their business has its own credit profile — separate from their personal credit. Here is everything you need to know about it.
SBA Loan Requirements: The Complete 2025 Guide
SBA loans offer the best rates in small business lending — but qualifying requires meeting specific criteria. Here's everything you need to know about requirements across all SBA programs.
What Is a Merchant Cash Advance? Complete Guide for Business Owners
Merchant cash advances are fast and accessible — but they're also among the most expensive forms of business financing. Here's everything you need to know before you apply.
Startup Business Loans: What New Businesses Can Actually Get in 2025
Getting financing as a startup is harder but not impossible. Here are eight realistic options for businesses in their first two years.
Business Loan Interest Rates in 2025: What to Expect
Understanding current business loan rates helps you evaluate offers and negotiate effectively. Here's a comprehensive rate guide across all major lending categories.
Medical Practice Financing: Loans for Doctors, Dentists & Healthcare Providers
Medical practices have predictable revenue and strong creditworthiness — but they have unique financing needs around equipment, insurance reimbursement cycles, and practice acquisition.