Quick answer
Yes, Toast Capital is fully legitimate — embedded financing from Toast Inc (NYSE: TOST), the dominant restaurant POS platform with 100,000+ restaurant customers. Single-fee structure (5-14% of advance, no compounding factor). Pre-qualified offers in Toast Dashboard. No FICO check. Restaurant-only.
Full answer
Toast Capital is a legitimate product from Toast, Inc — the publicly-traded restaurant technology company (NYSE: TOST). Launched as Toast Capital in 2019, integrated into Toast's POS platform used by 100,000+ restaurants.
Availability: only Toast POS restaurants can receive offers. Cannot apply directly. Toast evaluates your restaurant sales history and surfaces pre-qualified offers in your Toast Dashboard. Eligibility depends on processing volume, transaction consistency, and account standing.
Pricing: single fixed fee (5-14% of advance, no compounding factor). Automatic repayment as percentage of daily Toast card sales (typically 9-17%). No FICO check at application. Repayment scales naturally with revenue.
Best for: established Toast restaurants ($25K+/mo card volume, 6+ months on Toast). Restaurants on Square, Clover, or other POS need alternatives — Square Capital, Clover Capital, or Credibly respectively.
Where to be careful: only available to Toast merchants — if you migrate off Toast mid-loan, balance accelerates to lump-sum payoff. Eligibility entirely controlled by Toast (can't request, can't appeal). Loan amounts capped based on Toast volume (typical $5K-$200K, not unlimited).
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Methodology. Fundnode is an independent funding-platform that scores merchants against our 100-funder database. We earn referral fees from funders when merchants apply via Fundnode. Editorial rankings and answers are independent of fee structure. Updated 2026-06-25.