Glossary
A single larger debit taken once a week rather than every day.
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A single larger debit taken once a week rather than every day.
It reduces the number of withdrawals and makes cash planning simpler for some businesses, but the weekly dip is larger.
A weekly cycle aligns with weekly payroll, which some owners prefer.
$62,500 repaid over 25 weeks is $2,500 a week.
Often chosen by service businesses with weekly billing cycles.
A weekly debit is read against the weekly deposit rhythm. If your largest deposits land mid-week and the debit is pulled on Monday, the balance may look thin on that day even in a healthy week. Asking for the debit to fall after your main deposit days is a reasonable request.
People assume a weekly debit is cheaper than daily. The total payback is the same; only the timing and the size of each pull change.
The total is the same unless the agreement says otherwise.
See the related guides and the comparison pages, or apply and ask.
No. It is educational information, and agreements vary.
Educational information only. It is not legal, tax or accounting advice.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
