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Take the wheel of your financial future
Apply to become a Turo Seed Host
The Turo Seed Initiative is a program that provides up to $1 million in funding to give a boost to entrepreneurs interested in building their own car sharing businesses on Turo.
The initiative is designed to empower entrepreneurs from underserved communities with access to wealth-building opportunities, so anyone can start building a small business and pave their own path towards financial wellness.
Apply now for an interest-free loan to help you jumpstart your car sharing business and take control of your financial future.
Empowering underserved entrepreneurs to unlock new business opportunities
The Turo Seed Initiative provides aspiring entrepreneurs in the US with access to an interest-free investment opportunity to build a small car sharing business on the Turo marketplace. Currently, this program is available to applicants in Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, New Jersey, Texas, and Washington.
Qualifying applicants will receive a $15,000 loan through LoanGlide to go towards purchasing a car to share on Turo, as well as access to coaching from the Turo team.
How it works
Apply for an interest-free $15,000 loan through LoanGlide
Before you get approved, connect with a Host Success Manager to discuss your business goals
Start shopping around for the car you’d like to purchase to share on Turo
Once you’ve secured your loan, buy your car and list it on Turo!
The nuts & bolts
At a glance
Am I eligible to apply?
Am I eligible to apply?
Any residents of Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, New Jersey, Texas, and Washington can apply at this time. Both existing Turo hosts and those new to Turo may be eligible for the loan.
What type of car do I need to buy to participate?
What type of car do I need to buy to participate?
Since the LoanGlide loan ceiling is $15,000, we strongly recommend considering an affordable car to get started. Your Turo Host Success Manager will coach you on the top-performing cars with the highest potential ROI in your area. As you start sharing it on Turo and learning about the trends and nuances of your local market, you can then scale your business plan to suit your market’s needs.
How does the LoanGlide application process work?
How does the LoanGlide application process work?
Hit the “Apply now” button and fill out your secure application on any device. You’ll get your rates in less than 60 seconds with no impact to your credit score. There are no application fees and no prepayment penalty. If approved, you’ll receive the funding in as soon as 24 hours.
How much interest is charged on the loan?
How much interest is charged on the loan?
The LoanGlide loan is interest-free, so you won’t need to worry about bloating interest payments.
How long do I have to pay back the loan?
How long do I have to pay back the loan?
After your loan gets disbursed into your bank account, borrowers have a 30-day grace period before their first payment is due, with a total of 48 months to repay the loan. Loan payments should be made on time and in full. Turo reserves the right to deduct amounts owed to lenders from your earnings, debit your bank account, charge any payment method on file and/or send an invoice.
Have more questions?
Take a deeper dive into the nitty-gritty in this detailed FAQ article.About Turo
Turo is the world’s largest car sharing marketplace where car owners can earn extra money to offset the costs of car ownership, forging their path towards financial empowerment. Whether you share your extra car to make ends meet or are looking to start a small car sharing business, hosts can share virtually any car to get their entrepreneurial wheels turning.
About LoanGlide
LoanGlide is a unique financing platform which provides a way for businesses to offer loans to its customers. It is a new-age, digital-first start-up aiming to disrupt traditional lending by making it easy, instant, and honest.
Unlock your financial future
Become a Turo Seed Host and start charting your course to small business ownership today.