The specs
Toast CapitalGreenbox Capital
Product typeMCAMulti-product
Amount range$5K – $300K$5K – $250K (MCA); other products vary
Cost (factor / APR)Factor 1.13 – 1.36 (single fixed fee, no compounding)Factor varies by paper; published commission up to 19% to ISOs
Speed to fund1 – 3 business days after approval24 – 48 hours
Min time in business6 months6 months
Min monthly revenueToast POS volume drives offers — typically $10,000+/mo processed$15,000
Min credit scoreNo FICO floor — underwrites against Toast POS historyFlexible — accepts down to 500 on some programs
Products
- Embedded restaurant working capital (Toast POS only)
- MCA
- Invoice factoring
- Equipment financing
- Collateral loans
- LOC
Verdicts by use case
- Restaurant on Toast POS wanting fastest, simplest capital — Winner: Toast Capital. Toast Capital surfaces pre-qualified offers directly in the Toast POS dashboard — no application, no FICO pull, single fixed factor (1.13 – 1.36). For a Toast-native restaurant the embedded path is the simplest cash-flow-aligned working capital available.
- Restaurant not on Toast POS — Winner: Greenbox Capital. Toast Capital is Toast-customers-only. A restaurant on Square, Clover, Aloha, Micros, or paper-based ordering cannot use Toast Capital. Greenbox Capital underwrites against bank statements regardless of POS — accessible to any restaurant doing $15K+/mo with 6+ months TIB.
- Restaurant wanting larger advance ($200K+) — Winner: Greenbox Capital. Toast Capital caps at roughly 70% of trailing 12-month Toast volume, which means a restaurant doing $300K/mo on Toast typically caps at $200K – $250K advance. Greenbox MCA goes to $250K outright and offers other products (equipment financing, LOC) for larger total capital needs.
- Restaurant with B-paper credit (NSFs, irregular deposits) — Winner: Greenbox Capital. Toast Capital underwrites against Toast POS history only — no FICO pull — but Toast's internal underwriting still declines restaurants with cash-flow stress patterns. Greenbox accepts FICO down to 500 on some programs and is more forgiving on B-paper files.
- Restaurant planning to switch POS processor in 12 – 24 months — Winner: Greenbox Capital. Active Toast Capital advance plus switching POS triggers immediate payoff of remaining balance. Greenbox MCA is processor-agnostic; switching POS doesn't trigger payoff. If you might migrate POS in the next 6 – 12 months, don't lock into Toast Capital.
The honest takeaway
Toast Capital and Greenbox Capital solve overlapping but distinct problems. The right choice depends on three things you already know about your business: how fast you need the money, how long you've been operating, and whether the capital need is one-time or recurring.
Frequently asked questions
- Can a restaurant qualify for both at the same time?
- Possible but unusual. Toast Capital's repayment is auto-deducted as a fixed % of Toast deposits — adding a Greenbox MCA on top means two daily/weekly deductions against the same revenue, which can break cash flow. Most restaurants pick one based on which is available and which terms are better.
- Which is cheaper for a $35K/mo restaurant taking a $50K advance?
- Toast at 1.20 factor on $50K = $10K total cost. Greenbox MCA at typical 1.30 factor on $50K = $15K total cost. Toast wins on headline cost for Toast-native restaurants. The trade-off: Greenbox commission structure for the ISO is more transparent (up to 19% published), which can matter if you're working through a broker who's shopping the deal.
- Does Greenbox actually fund restaurants?
- Yes — restaurants are one of Greenbox's standard verticals. They fund FL/TX/GA restaurants regularly with their 2-stip MCA program for clean A-paper and white-label contracts for ISO-distributed deals. The published Priority 1 ISO program (60-day onboarding for new ISOs) means brokers are actively shopping restaurant deals to Greenbox in 2026.