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Financing a thriving restaurant can be complex and time consuming—time better spent running your restaurant. Lightspeed Capital has a shorter approval time than traditional financing and minimum friction, which gives you access to cash flow quickly and conveniently. The program is intended to help restaurants grow, not burden them with extra stress.

What is a Lightspeed Capital advance?

It’s a flat-fee merchant cash advance designed for independent businesses, available to select restaurants that use Upserve by Lightspeed. 

How do I request an advance?

Email us at us.capital@lightspeedhq.com to get started. We’ll let you know if your business is eligible and how much you qualify for.  

How does the process work?

Lightspeed Capital provides working capital upfront in exchange for a portion of your restaurant’s future credit card sales revenue.

Eligible merchants will receive an email with the corresponding offer details, including the advance amount (known as the purchase price) and the associated flat fee. 

If you want to move forward with financing, our underwriting team will review the request and follow up with any questions as well as the full terms of the agreement. Once the signed agreement is received, the funds will be released to the bank account on file. Generally, the process from request to funding takes two business days.

Once funded, we’ll hold back a set percentage (usually 11%) of your daily credit card sales and apply it towards your balance, which is your purchase price plus the flat fee.  

How can I use the funds?

You can use the funds for anything that grows your business. Our customers have used Lightspeed Capital advances to hire new employees, invest in marketing initiatives and purchase new equipment. 

How and when do I complete the terms of my advance?

A percentage of your Mastercard and Visa credit and debit card sales are withheld from your daily batches and applied to the advance balance until the full balance of the advance is remitted.

Regardless of how long it takes you to pay down the total balance, you will never be charged more than the purchase price and the flat fee. There is no deadline to pay down the advance, no payment schedule, and there is no accrued interest or late fees. 

The process is automatic and is intended to flow with your business. Days with more processing volume will have a higher split applied to your advance balance. The days where business is a bit slower will have a lower split applied to the balance. 

What’s the cost to me?

Based on the amount of funds requested, there is an associated flat fee. The flat fee is paid as a part of the total of the full advance balance and is not due up front. 

A woman in a red t-shirt sits at a desk, looking at her laptop and smiling.

Interested in learning more? We’ll walk you through how Lightspeed Capital can help grow your unique business.

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As part of Upserve’s family of more than 10,000 restaurants, The Chef is Restaurant Insider’s secret weapon in the kitchen. As a restaurant expert in all things marketing, menu building, management, training and more, restaurateurs trust The Chef and the award-winning Restaurant Insider to dish out the ingredients needed to make your business a sweet success.
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