Fixed daily: the arithmetic
Amount times factor equals total repayment. Total repayment divided by business days equals the daily debit. Funders count business days — roughly 21 a month, 252 a year, minus bank holidays — so a six-month term is about 126 debits and a twelve-month term about 252. $65,000 over 126 days is $516; over 252 days it is $258. The same $15,000 of cost, spread thinner.
Check the arithmetic on any offer. Multiply the quoted daily payment by the number of debits and compare it to the total repayment on the contract. They should match; when they do not, the difference is usually a fee that was not mentioned.
Weekly, and why to ask for it
The same total divided by the number of weeks, debited once a week. $65,000 over 26 weeks is $2,500. It costs the same and it fits a business paid on Fridays, on draws or at month-end far better than a daily debit that hits an account before the money arrives. Most funders will write weekly if asked before signing.
Holdback: the payment that moves
A true holdback takes a fixed percentage — often 10 to 20 percent — of each day's card settlements until the total is repaid. Good day, bigger payment; slow day, smaller; closed day, nothing. The term is therefore an estimate, and the contract usually states an expected term with the percentage set to hit it. This is the structure that suits seasonal and card-heavy businesses, and it has to be asked for by name: most advances written today are fixed debits with a reconciliation clause instead.