Toast Lending
Product

Term Loan

A one-time lump sum with fixed, predictable payments — ideal for bigger investments and expansion. See your offer with a soft credit pull, get approved the same day, and receive funds within 24–48 hours of acceptance.

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How a term loan works

You borrow a set amount up front and repay it over a fixed term with consistent payments. Because the schedule is predictable, a term loan is well suited to one-time projects where you know the cost in advance.

Common uses

  • Opening or renovating a location
  • Buying equipment or vehicles
  • Consolidating higher-cost balances
  • Funding a planned expansion or hire

Why operators like it

  • Soft credit pull to see your offer — no score impact
  • Fixed payments make budgeting simple
  • Lump sum lands fast once accepted

From application to funds

1

Apply

Book a quick call. Soft pull only.

2

Get approved

Same-day decisions are common.

3

Accept

Review clear terms, then sign.

4

Get funded

Lump sum in 24–48 hours.

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Important disclosures. Toast Lending is a financial technology company and is not a bank. Loans, lines of credit, and other financing are offered and originated by Toast Lending and/or its lending partners, subject to credit approval, verification, and applicable law. Products, amounts, rates, fees, and terms are not guaranteed and vary based on creditworthiness, time in business, revenue, and other underwriting criteria. Financing may not be available in all states or for all industries.

Soft pull only to check eligibility. Checking your eligibility or getting a quote uses a soft credit inquiry, which does not affect your credit score. A hard credit inquiry, which may affect your score, occurs only if you choose to move forward with a full application and accept an offer. Same-day approval describes a common outcome for qualified applicants and is not guaranteed. Funding within 24–48 hours reflects typical timelines after final underwriting, verification, and signed acceptance; actual times may vary.

FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries. All other trademarks are the property of their respective owners. This page is for informational purposes only and does not constitute an offer or commitment to lend. See our Terms & Conditions and Privacy Policy for details.