Many advances are repaid daily, others weekly. The total you repay can be the same either way, but the schedule changes how the money leaves your account and how easy it is to plan around.
Side by side
| Daily | Weekly | |
|---|---|---|
| How it feels | Small, frequent debits that follow each business day | One larger debit, once a week |
| Planning | Less room to plan, debits come every business day | Easier to set aside, but you must have the full amount on one day |
| Fits best | Businesses with steady daily card sales | Businesses paid in larger or less frequent amounts |
| Watch for | A thin balance on any day can cause a returned item | A slow week landing before the debit day |
Matching the schedule to your income
- Restaurants and retail: daily deposits often fit daily debits.
- Contractors and fleets paid on invoices: weekly is often easier to cover.
- Seasonal businesses: check what happens in a slow month under either schedule.
Questions to ask
- What is the total I will repay, and does it change with the schedule?
- Which day of the week is the debit?
- Can the schedule change if my deposits change?
If your current schedule is the problem, a refinance can change it. See lower my daily MCA payment and MCA refinance. For the cost side, read MCA true cost.