Toast Capital

Toast Capital is a working capital financing product offered by Toast, a popular point-of-sale and restaurant management platform used by tens of thousands of restaurants across the United States. Toast Capital provides financing exclusively to restaurant businesses that use the Toast platform.

Toast Capital provides loans to qualifying Toast merchants based on the restaurant's sales history processed through the Toast POS system. Eligible restaurants may receive a pre-approved loan offer directly within their Toast dashboard. The application process is simple compared to a traditional bank loan and requires minimal documentation because Toast already has access to the restaurant's transaction data.

Repayment of Toast Capital loans works through automatic deductions from daily card sales processed through the Toast system, as a fixed percentage of each day's sales. This means repayment fluctuates with sales volume, which can be helpful during slow periods.

Toast Capital charges a fixed fee for its loans rather than a traditional interest rate. Restaurant owners should calculate what that fee represents as an effective annual rate and compare the full cost against alternatives including bank loans, SBA restaurant financing and credit union products.

Toast Capital is designed specifically for restaurant owners who are already Toast customers. It is not available to businesses outside the restaurant and food service industry or to businesses that do not use Toast.

For restaurant owners who need quick access to working capital for inventory, equipment repairs, staff costs or other operational needs, Toast Capital can be a convenient option. For larger, longer-term capital needs, exploring bank lending, SBA loans and other funding sources will typically provide access to more competitive rates.