Toast Capital

Best for: Restaurants that already take card payments on Toast and want $1,000 to $300,000 within a business day or two, with no credit score minimum, no personal guarantee and repayments that fall when covers drop.

Not for: Businesses not on Toast POS, owners who need more than $300,000 per location, or anyone who wants to compare prices before an offer appears. Fast payback makes a flat fee expensive in APR terms.

Lender List verdict: Toast Capital is the simplest funding route for a Toast restaurant: repayment is a share of daily card sales, so slow weeks cost nothing extra. The catch is speed of payback: at Toast's own 10% example fee, a loan repaid in about 92 days works out to roughly 76% APR.

Toast Capital at a glance

Toast Capital offers $1,000 to $300,000 per location, repaid from Toast card sales for one fixed fee.

What is Toast Capital?

Toast Capital is the lending arm of Toast, the Boston restaurant point-of-sale company, offering loans of $1,000 to $300,000 to restaurants that process card payments on Toast. WebBank issues each loan; Toast markets and services it and buys back some loans that go bad.

Toast Capital launched in November 2019, and Toast says more than 15,000 businesses have used it.

How Toast Capital loans work

Toast Capital loans are repaid automatically from a fixed percentage of each day's Toast card sales until the loan plus its fee is paid. Repayments start four business days after funding.

• Target terms: 90 days (up to $100,000), 270 days (up to $250,000) or 360 days (up to $300,000). Longer targets mean a smaller daily holdback but a larger fee.
• Maximum term: 60 days past the target. Whatever is still owed then is pulled by ACH.
• Minimums: None on 90-day loans. Some 270- and 360-day loans carry a 30-day milestone schedule; shortfalls can be debited by ACH.
• Funding: As soon as the next business day, to Toast Checking or your bank account.

Who gets an offer

Toast Capital offers are pre-qualified and appear in your dashboard; you cannot apply cold. Toast sizes them from card volume, time on Toast, bankruptcy and closure history; you need card sales on 3 of the last 7 days, and introductory offers of $5,000 to $100,000 can appear after 3 days of processing.

Card sales already pledged to another lender, or an open merchant cash advance, block an offer; ordinary loans elsewhere do not.

Toast Capital rates and fees: what it really costs

Toast Capital charges one fixed dollar fee instead of interest, and Toast does not publish the fee range; its own illustration is $1,000 on a $10,000 loan (10%). The fee stays the same whether you repay in 60 days or 150.

• Charged: the fixed fee (plus Florida documentary stamp tax on Florida agreements)
• Not charged: interest, application fees, late fees or prepayment fees
• Not published: the fee range or holdback range; Zogby reports fees of 5% to 16%

Worked example: borrow $25,000 at Toast's 10% example fee and you owe $27,500. A 10% holdback on $3,000 a day in card sales sends $300 a day, so the loan clears in about 92 days. That is roughly 76% APR (assuming payments start the next day). If sales fall to $2,000 a day for one month, payments drop to $200 a day and payoff stretches to about 102 days, with no added fee, still inside the 150-day maximum. Spread over a 360-day target, even a 16% fee works out to about 31% APR.

Toast Capital requirements

Toast Capital has no credit score floor; the main requirement is active card processing on Toast POS.

Approval rests on your Toast sales data; WebBank has the final say.

Pros and cons

Toast Capital is fast and flexible for Toast restaurants but shows its price only in an offer.

Pros

• No personal guarantee and no credit score minimum
• Payments shrink on slow days, and 90-day loans have no minimums
• Fixed fee never grows if repayment runs long
• Can pay off other sales-based financing in one step

Cons

• Only for Toast POS users processing cards through Toast
• Fee range is not published
• Quick payback pushes APR high (about 76% in our example)
• $300,000 cap per location
• Unpaid balance is ACH-debited when the maximum term ends

Toast Capital vs. Square Loans vs. Stripe Capital

Toast Capital caps offers at $300,000 per location, versus $500,000 at Square Loans; Stripe Capital does not publish a maximum.

Square Loans and Stripe Capital figures are from their own sites, checked 2026-10-26.

Choose Toast Capital if your restaurant runs on Toast. Choose Square Loans if you process through Square. Choose Stripe Capital if your sales run through Stripe.

Toast Capital alternatives on Lender List

The closest Toast Capital alternatives are other processor-linked lenders and lines that don't depend on your POS.

• Square Loans — the same sales-share model for Square sellers
• Stripe Capital — the equivalent for Stripe processors
• QuickBooks Capital — loans priced from your accounting data
• Fundbox — a revolving line not tied to a processor
• Browse all platform-embedded capital on Lender List

Frequently asked questions about Toast Capital

What Is the Toast Capital Phone Number? Toast Capital's support line is 617-209-3198, open Monday to Friday, 9 a.m. to 5 p.m. Eastern. You can also email capital@toasttab.com. The same team explains declines and handles refinancing; offers themselves appear in the dashboard. Have your restaurant details ready.

Is Toast Capital Legit? Yes. Toast Capital loans are issued by WebBank and serviced by Toast, Inc., a NYSE-listed company that has offered them since 2019 and says over 15,000 businesses have borrowed. Toast's company-wide Trustpilot score is 2.6/5 from 1,504 reviews, mostly about the POS.

Is Toast Capital a Loan or a Merchant Cash Advance? It is a loan. WebBank issues Toast Capital loans under a credit agreement, though it behaves like a merchant cash advance: one fixed fee, no interest, and repayment from a share of daily card sales. Toast refinances other sales-based loans but not true merchant cash advances.

What Happens If Sales Drop? Your Toast Capital payments fall automatically with card sales, and the fee never rises. On 90-day loans there are no minimums, but any balance left 60 days after the target date is collected by ACH, and some longer loans carry 30-day milestones.

Does Toast Capital Check Credit? Toast Capital sets no credit score requirement, and a Toast Capital application leaves both your personal and business credit scores untouched. Approval still involves a review: WebBank decides, and Toast may look at public records such as bankruptcies, tax liens, judgments and collections.

Can I Get a Second Toast Capital Loan? Yes. Once you have repaid more than half of your current Toast Capital loan, you may become eligible for a new one, and Toast says a refinance discount may apply. New pre-qualified offers appear in your Toast Capital dashboard as Toast reviews your sales.

Can Toast Capital Refinance My Other Loans? Yes, if it is sales-based financing and your offer covers the full balance. Toast pays the old lender directly from a payoff letter, and true merchant cash advances are excluded. You cannot take new sales-based financing until the Toast Capital loan is repaid.

Last verified 2026-10-26. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.