[jbfunding]

Has anyone come across Toast Capital? Can’t find anything online as far as rates, terms, and max funding amounts

[SFC]

Has anyone come across Toast Capital? Can’t find anything online as far as rates, terms, and max funding amounts

Yikes, sounds like they're Toast!

[justfactorit]

They're a huge POS company out of Boston. This past fall they started offering all of their current customers advances based upon their future CC sales. They repay the advance from a percentage of the daily CC sales. I recently lost a deal to them, the merchant let me review the contract and it was a good offer. 9 months @ 1.18.

[MadisonParker]

They're a huge POS company out of Boston. This past fall they started offering all of their current customers advances based upon their future CC sales. They repay the advance from a percentage of the daily CC sales. I recently lost a deal to them, the merchant let me review the contract and it was a good offer. 9 months @ 1.18.

Sounds like they're pretty good, not a huge piece of s**t ?

[mcaguru]

I am being funny --but would love to be the fly on the wall when someone is trying to raise capital and the power point shows toast capital.

[cmarks]

article on them https://www.businesswire.com/news/ho...-Restaurateurs

[abfunders]

They're already tons of restaurants as their POS.... just a hop skip and a jump.

[mcaguru]

Once i saw their logo i remember them-- i knew them as a restaurant back-end management firm ---seems like many of those firms will seek to offer capital to their clientele -- its not good news for the A-Paper's of the world who usually able to pick up those clients with ease ---however it seems more and more companies servicing merchants (for payroll/pos/accounting/logistic management) will start getting into offering capital solutions to their portfolio.