Tento

Tento Reviews

Tento Reviews
4.8(17)
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About Tento

Tento makes financial wellness tools to grow your business. From working capital to equipment financing and more, we're here to help you grow your business for the long-term and build good credit on the way.

Pros & Cons

Pros
  • Fast approval times
  • Data insights provided
  • Business credit monitoring
  • No interest for 30 days
Cons
  • Only in business since 2022
  • Only two loan products offered
  • Fees and requirements unclear

Our editor’s take on Tento

Tento is a modern fintech company for businesses needing quick access to capital. Its reliance on data and analytics to drive financing decisions marks a shift from traditional lending.

But as a relatively new player in the market, Tento doesn't yet have a long history to back its services. Because of this, it’s best suited for business owners who are comfortable embracing newer, technology-driven financial services, as well as those who prioritize speed and flexibility over established industry presence.

Tento products

Tento offers two products: working capital loans and equipment financing.

  • Working capital loans are designed to boost your business's everyday operations and have no usage restrictions. Rather than offer working capital loans directly, Tento searches over 50 business loan lenders to help you find the one with the best rates and terms.
  • Equipment financing is for businesses that need funding to purchase new equipment or technology. Usually, rates are lower than working capital loans because the equipment itself serves as collateral if you can’t make your payments.

Tento rates

Tento makes borrowing accessible with competitive rates for its financial products. For working capital loans, rates start at 8%, while equipment financing begins at a lower rate of 5.99%. Plus, Tento offers an appealing 30-day no-interest period on its loans. The annual percentage rate (APR) you'll pay depends on factors like your FICO score and your business's overall stability.

Tento fees

Tento doesn’t disclose any information about fees on its website. It's always recommended to ask about potential fees upfront to avoid surprises later on.

How to apply for a Tento loan

To apply for a Tento loan, you’ll fill out a brief online application form and provide some basic documentation. For most loans, this includes the last three months of business bank statements. If you're applying for equipment financing, you'll also need a quote for the equipment you're looking to purchase.

Tento takes into account both your business and personal credit. While it doesn’t specify a minimum credit score, having a solid credit history could improve your chances of getting a better rate.

How does Tento compare?

While Tento offers lower rates, larger loan amounts and longer term lengths than some of its competitors, it lacks transparency regarding fees and eligibility. Here’s how Tento’s working capital loans compare to two other lenders, Credibly and OnDeck.

Tento FAQ

What credit score do I need for a Tento business loan?

Tento doesn't specify a minimum credit score requirement for its business loans because it considers factors like your business performance and revenue. This approach allows the company to lend to a broader range of businesses.

What’s Tento’s phone number?

Tento doesn’t have a customer service phone number listed on its website, which means you won’t be able to speak to a representative if you have issues with your loan. Instead, it offers an email address for inquiries.

Does Tento do a hard credit pull?

No. Tento only does a soft credit check to determine your eligibility for a small business loan.

Is Tento legit?

Tento was founded in 2022 and is headquartered in San Diego, California. There is limited public information about the total amount of loans it's funded or how many loans it's approved. However, despite Tento’s short time in the industry, it appears to be a legitimate business lending service.

Tento Reviews

Stars Rating

  • 82%
  • 12%
  • 6%
  • 0%
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    How do I know I can trust these reviews about Tento?
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    Page 1 Reviews 0 - 5
    Verified purchase
    Punctuality & SpeedStaffProcess

    Reviewed May 15, 2024

    My experience with Tento has been positive. The gentleman I worked with has been great. I've been dealing with Andrew for almost 20 years now. It's been a very easy working relationship. He's always been able to help me when I needed help with something and made the process as streamlined as possible. In my business, time is money. So, anything that makes things quick and easy is the way we like to do it. I can talk to him and tell him the situation and he figures out a way to get it done.

    We're a construction company and I understand the importance of relationships with customers. Andrew and I have a very good relationship, and that's the main reason I do business with Triton is because of my relationship with Andrew. He's been a good person to do business with and I've never had an issue. They've helped me when I've needed help on financing issues and it's helped me grow the business, and the result has been bigger. Over the years, the deals have gotten bigger than what we originally started with. Hopefully, that'll continue into the future.

    Tento
    Tento
    Pinned

    Hey Sean! We couldn't agree more that time is money. Thank you for working with us and we can't wait to work with you again!

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      Verified purchase
      Customer ServicePunctuality & SpeedOnline & AppStaff

      Reviewed April 1, 2024

      I called this guy at Tento and he was good as he could get. I had his text message number and several times we talked after hours. The application process was really easy and it was all him doing the extra effort. The approval took a week and a half, which was a little slow on my end because I was working and it wasn't a priority. Then, from application to funding, it took a couple of weeks, which was pretty quick. They would be the ones I would call if I needed something next time.

      Tento
      Tento
      Pinned

      Thank you for the kinds words, Jeffrey! We're as dedicated as can be about making it easy on your end. Glad we could deliver. Hope to work with you again soon!

      Verified purchase
      Punctuality & SpeedStaff

      Reviewed Feb. 16, 2024

      The application process was very quick, and the agent that worked with me, Andrew, was very helpful, understanding, supportive, and knowledgeable. I can only say good things about him. When we got approved, we were waiting for them to find the perfect equipment (a trailer) and Tento helped me out with the online authorization. I didn't need to move anywhere and I liked that. I had an issue with the title company because they put in the wrong address and did a bad application on the title transfer, but besides that, I'm very satisfied. I am looking to work more with Tento, and I have recommended them as well.

      Tento
      Tento
      Pinned

      Thanks so much for working with us (as well as the kind words), Mia! We hope to work with you again with all your future equipment!

      Verified purchase
      PriceOnline & AppStaff

      Reviewed Feb. 16, 2024

      I've used Tento before for my trailer. I went back to them recently and I used the same broker. Andrew, the guy I worked with, was excellent and they should make him run for president. He knew his stuff and wasn't stringing me. Some people just want you to take money at whatever cost. He was also very informational and he narrowed things down to the T which was exactly what I needed. I also went thru the same process, which involved communicating online and by phone. Their website was excellent and the price was fair. After I processed my application, it took a couple of days before I saw any offer. I wasn't going to go with it at first, but I did the calculating and it was the best decision to make at that time. After that, funding took less than a week and so far, it's been great.

      Tento
      Tento
      Pinned

      Thanks for working with us, Leighton! We take a lot of pride in maintaining radical transparency and simplicity. We hope to work with you again soon! "Andrew for President" has a nice ring to it, doesn't it?

      Verified purchase
      Customer ServiceStaff

      Reviewed Feb. 7, 2024

      I've had a working relationship with the guy for 10 years and it has been easy. Old Andrew reaches out every once in a while, see how things are going, see if I needed any working capital or equipment coming up. So, it reminds me he's there if I need them. I sent them my two months' bank statements, my couple of years of taxes, and sent it off. If I needed equipment, I don't need to worry about it. I call Tento and say, "Just get this done," and they take care of it. So, it's easy if I need to go into a new field where I have been doing something and be able to start up a new entity if needed. That's sweet. Easy approval.

      Tento
      Tento
      Pinned

      Thanks so much for the kinda words about tento and our co-founder and CEO, Andrew! Your experience working with us is what we aspire to with everyone we work with. You need it. We got you!

      Verified purchase
      Staff

      Reviewed May 18, 2024

      Removed 5/29/2024

      Verified purchase

      Reviewed May 7, 2024

      Tento financed some equipment for us. They were good and made the process easy for me. I've got another piece of equipment that they're going to finance for me. They were asking me if I wanted to tie the two together. I told them to keep it separate and they were okay with that. If I got more to do, which we probably will later on down the road, I will contact them first.

      Tento
      Tento
      Pinned

      Thank you for your review, James! We're pleased everything went seamlessly for you. Looking forward to working together again!

      Verified purchase
      Online & AppStaff

      Reviewed April 1, 2024

      Tento was great. I worked with a rep, Andrew, and he was wonderful and very attentive. The application process was online, and it was very simple. I just uploaded three documents for our bank statements.

      Tento
      Tento
      Pinned

      Hey Rachel! Thanks so much for the kind words. Can't wait to work with you again!

      Verified purchase
      Customer ServiceStaff

      Reviewed March 5, 2024

      I like Tento. They have competitive rates and I enjoy dealing with them. They were simple, easy and they did a good job. The guy I dealt with was fantastic. He would answer the phone all the time. I didn't have to leave a message and wait. And it's hard to get ahold of anybody these days. I even have his text so I could text him. I could also call him on his cellphone. I could reach him when I needed to.

      Tento
      Tento
      Pinned

      Hi, David thanks so much for working with us! We LOVE simple and easy and we're glad we could deliver for you. Hope you work with us in the future :)

      Verified purchase
      Punctuality & SpeedStaff

      Reviewed Feb. 18, 2024

      Tento was very professional. Applying was simple and easy. The way it should be. I talked to the guy directly, and I forwarded my information to him so he could approve me. I saw the offers the next day. So, it was a very quick turnaround. It made things simple and easy because I don't have a lot of free time.

      Tento
      Tento
      Pinned

      "Easy and simple" is our middle name, David. Well, not legally of course, but in spirit, yes! We hope to work with you again soon!

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      Tento Company Information

      Company Name:
      Tento
      Website:
      www.tento.co