Some lenders deducts a fixed, daily payment from your business bank account on a daily or weekly basis, depending on the product you are approved for. These fixed payments help ensure minimal impact to your cash flow and are proven to prevent the snowball effect often caused by missing larger monthly payments.
Some other lenders deduct a fixed monthly payment from your business bank account depending on the product you are approved for.
As a customer, you will have access to an online account where you can monitor your loan and payment activity 24/7/365.