Automatically repay your loan every time a guest pays with a card at your restaurant.†† It’s that easy. Hover over the image below to learn more.
DAILY CARD SALES
DAILY LOAN REPAYMENT
This payment example is based on a 6% holdback rate. Numbers are for illustrative purposes only.
Why Restaurateurs Choose Toast Capital
“The application process for Toast Capital was one of the easiest things we’ve done.”
Frequently Asked Questions
How do you determine whether my business is eligible for a Toast Capital Loan?
Toast Capital Loan eligibility and the term your business is eligible for are based on a variety of factors. Some of those factors include your restaurant processing volume, time on Toast, and status of any bankruptcy filings. You can look to see if you have a pre-qualified offer by visiting your Toast Capital dashboard. To learn more about eligibility, please log in to see our Eligibility FAQ.
Does applying for a Toast Capital Loan affect my credit score?
No, applying for a Toast Capital Loan does not affect your personal or business credit score.
How do I repay my Toast Capital Loan?
Loan repayments are automated as a fixed percentage of daily card sales. This means repayment flexes with restaurant sales volume so when sales are slower, you will repay less than on busy days. Toast Capital Loans have either a target maturity of 90 days and a maximum term of 150 days from disbursement or a target maturity of 270 days and a maximum term of 330 days from disbursement, based on eligibility. Any outstanding balance due at the end of the maximum term will be collected automatically via ACH.
How much does it cost?
Toast Capital Loans have a fixed fee that will not change regardless of how long it takes to repay the loan. The total amount you owe is the loan amount plus the fixed fee. There is no compounding interest or hidden fees, e.g., no application, prepayment, or late fees.
How can I use a Toast Capital Loan?
Toast Capital Loans can be used for any restaurant need, including covering short-term cash flow, hiring employees, purchasing inventory and equipment, refinancing and paying off debt, renovating an existing location, opening a new location, among many other options.
Toast Capital Loans are issued by WebBank. Loans are subject to credit approval and may not be available in certain jurisdictions. WebBank reserves the right to change or discontinue this program without notice.
†Pre-qualified offers are based on information about your restaurant and your account history with Toast, including your sales history. All loans are subject to credit approval, and terms and availability may change based on your restaurant’s ability to meet applicable credit and eligibility criteria.
††Toast Capital Loans have a target maturity of 90 or 270 days, based on eligibility. Loans with a target maturity of 90 days have a maximum term of 150 days from disbursement. Loans with a target maturity of 270 days have a maximum term of 330 days from disbursement. Any outstanding balance due at the end of the maximum term will be collected automatically via ACH.
‡Get funds in your account as soon as the next business day after application, subject to processing time and completion of your loan agreement. To reduce processing time, make sure that all of your restaurant’s ownership information on file with Toast is up to date before applying and respond quickly to any requests for information.