上次更新时间：2026年3月24日 11:24
Toast Capital Loans can be used to refinance various types of business debt for borrowers in certain jurisdictions. Explore the FAQ below to learn more.
| If you’re looking for more information about refinancing an existing Toast Capital Loan, check out the Toast Capital: Refinancing Existing Toast Capital Loans FAQ page.
Visit your Toast Capital Dashboard to see if you have pre-qualified offers.† |
Toast Capital Loans are great for eligible Toast customers looking to refinance business debt.
Toast Capital has recently added the ability to refinance loans other than Toast Capital Loans for eligible Toast customers, including sales-based financing, which are loans that are repaid through your daily sales.
Sales-based financing covers many types of loans that are automatically repaid through your daily sales. For example, a Toast Capital Loan is sales-based financing because it is repaid through your daily card transactions processed through Toast.
A merchant cash advance (MCA) is similar to sales-based financing, but is not a loan. Certain lenders may call their sales-based loan product a merchant cash advance because of their similarities, but not all of them are actually merchant cash advances.
For an actual merchant cash advance, the party giving the money to the borrower has no recourse if the borrower stops repaying (or goes out of business). Since it is not a loan, merchant cash advances technically cannot be refinanced.
To see if your debt can be refinanced, you could ask your lender if they can give you a Payoff Letter.
Before starting, check to see if the loans you want to refinance are sales-based financing.
If you are refinancing debt other than a Toast Capital Loan, your requested funding amount must be enough to at least repay the total outstanding amount. The process is as follows:
You could become eligible to refinance an existing Toast Capital Loan as early as it is 50% repaid or more. For additional FAQs, check out the . The process is as follows:
To refinance an existing sales-based financing, you will need to provide additional information after submitting your Toast Capital Loan application — namely, a Payoff Letter from your lender.
A Payoff Letter provides instructions and details such as your outstanding loan amount and the lender’s bank account information to determine your refinancing eligibility and allow Toast Capital to send funds directly to the lender and pay off your loan.
Some primary reasons why you may not be able to refinance sales-based financing include:
The Payoff Letter provides official information directly from your lenders to ensure your Toast Capital Loan will be sufficient to cover your remaining total balance, and ensure your lender supports the refinancing process through a Toast Capital Loan.
Yes! As long as you request enough funding (or are pre-qualified for enough funding) to cover your refinancing request, any additional funds can be used to run and grow your business.
Please reach out to a Toast Capital Specialist and they can help you answer your questions:
Toast Capital Loans are issued by WebBank. Loans are subject to credit approval and may not be available to borrowers in certain jurisdictions. WebBank reserves the right to change or discontinue this program without notice.
†Pre-qualified offers are based on information about your business and your account history with Toast, including your sales history, if applicable. All loans are subject to credit approval, and terms and availability may change based on your business' ability to meet applicable credit and eligibility criteria.