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Utah Financing Disclosure FAQ

This FAQ applies only to customers in Utah.


Why am I getting this form?

  • Certain states, such as Utah, have new laws that require a disclosure to be provided to borrowers regarding commercial financing transactions, such as Toast Capital Loans.

    • For Utah, this is the Utah Commercial Financing Registration and Disclosure Act.

  • This disclosure requires information to be provided to you, such as details about your loan repayment amount, cost of financing and payment frequency, with the aim of helping borrowers understand the costs and benefits of financing offers, and to compare different offers to find the best financing solution to meet their needs.

  • This form is for your own reference — there is no action required on your end or any additional form to sign.


What is WebBank? Why does it say “Toast Capital LLC on behalf of WebBank”?

  • WebBank is the lender that issues Toast Capital Loans. Toast Capital Loans are serviced by Toast Capital LLC — the application, servicing, and support are all handled by us (Toast Capital LLC).


What is the “cost of financing” on my form?

  • This is the fixed fee for your Toast Capital Loan. There are no additional fees beyond your fixed fee.

  • This fixed fee will not change — i.e. it won’t increase if you take longer to pay off what you owe.


What is the “estimated initial payment”?

  • This is our estimate of the first payment you will make toward your Toast Capital Loan; your actual payment will be determined based on your sales revenue on your first day of repayment.


What is “broker compensation”?

  • There is no broker involved with a Toast Capital Loan.

  • For non-Toast Capital Loans, if anyone involved in your loan transaction meets the definition of a broker by the Utah statute and receives compensation for arranging the transaction, there will be an amount listed in this box.


Is there a prepayment discount?

  • No, if you decide to repay early, you will still have to repay your total outstanding balance.

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.