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✓ Funded in 24 hours✓ 500+ credit OK✓ $25K–$5M✓ Soft credit pull✓ Apply in 1 minute
Square Loans Alternatives · 2026

Best Square Capital Alternatives for Restaurants

Square Loans caps funding to your Square history and repays from Square sales. Here's how restaurants get bigger, more flexible capital on any POS.

$25K–$5Mfunding range
24 hrstypical funding
500+credit scores OK
Restaurantsany POS
No collateralfor working capital

See how much your restaurant qualifies for

$25K to $5M on any POS — approved on your revenue, funded in as little as 24 hours. Higher limits than processor-tied lenders.

  • ✓ 500+ credit
  • ✓ 6+ months open
  • ✓ $10K+/mo revenue
1-Minute Application

Apply Now — Get Funded in 24 Hours

Start your application in about a minute. A real decision fast — soft credit pull, no obligation.

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🔒 Soft credit pull · will not affect your credit score

Short answer: Square Loans (formerly Square Capital) offers financing to Square sellers, repaid as a fixed percentage of Square card sales. Restaurants that want more than Square offers or repayment not tied to Square look for an alternative. Toast Funding provides up to $5,000,000 on any POS, fixed or revenue-share repayment, FICO 500+, funded in 24 hours.

Toast Funding vs Square Loans

Independent comparison based on publicly stated features as of 2026. Figures vary by business and underwriting.

CriteriaToast FundingSquare Loans
Maximum fundingUp to $5,000,000Based on Square sales history
POS requiredAny POS systemSquare account
RepaymentFixed OR revenue-share% of Square card sales
EligibilityApply anytimeOffer-based invitations
Speed24 hoursVaries
Products6 funding productsLoan only

Why restaurants choose Toast Funding

  • Up to $5M — beyond a sales-history-capped offer
  • Works on Square, Toast, Clover, or any POS
  • Apply anytime — not offer-gated
  • Fixed payments OR revenue-share
  • FICO 500+ accepted; approval on revenue
  • Funded in as little as 24 hours

What you need to apply

  • US-based restaurant or food business
  • 6+ months in business
  • ~$30,000+ in monthly revenue
  • Last 3 months of bank statements
  • Valid EIN and business bank account

Frequently asked questions

What is Square Capital / Square Loans?
Square Loans provides financing to eligible Square sellers, typically repaid as a fixed percentage of daily Square card sales. It's offered by invitation based on Square processing history.
Why look for a Square Loans alternative?
Restaurants often want more funding than their Square history allows, the ability to apply anytime rather than wait for an offer, or repayment not tied to Square sales.
Can I use Toast Funding if I process with Square?
Yes. Toast Funding is processor-independent — keep using Square. Underwriting is based on your bank statements, not your POS.
How much can I qualify for?
Amounts scale with revenue, from $50K-$250K for $30K-$100K monthly sales up to $5,000,000 for high-volume restaurants.
How fast can I get funded?
Most restaurants fund within 24 hours of approval; the application takes about 5 minutes with a soft credit pull.

Get more than Square offers

Apply in 5 minutes with a soft credit pull — any POS, up to $5M, on your terms.

Apply Now →

This is an independent comparison based on publicly available information about Square Loans / Square Capital as of 2026; features and terms may have changed. Toast Funding is not affiliated with or endorsed by Square or Block, Inc. Product and company names referenced are the property of their respective owners. Toast Funding terms are set at application.

Get funded in 24 hours

Approved on your revenue, not just your credit. Start your 1-minute application.

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Why restaurants choose Toast Funding

Independent and POS-agnostic — a faster, higher-limit alternative to processor-tied offers. We are not Toast, Inc.

🍽️

Any POS, no lock-in

Toast, Square, Clover, Aloha, TouchBistro — keep or switch processors without losing your funding.

⚡

Funded in 24 hours

Decision in as little as 4 hours, money wired in 24–48. Same-day for clean files.

📊

Higher limits, approved on revenue

Up to $5M vs a processor cap. 500+ FICO accepted, underwritten on your deposits and sales.

Ready to get funded?

Approved on your deposits, not just your score. Funded in as little as 24 hours.

START MY 1-MINUTE APPLICATION →
Apply Now — Funded in 24 Hours →
Before you go

See how much your restaurant qualifies for

$25K–$5M · funded in 24 hours · 500+ credit OK. A soft credit pull that will not affect your score.

START MY 1-MINUTE APPLICATION →

No obligation · takes about a minute