{"ok":true,"canonical_url":"https://www.capbench.com/glossary/automated-clearing-house-debit","api_url":"https://www.capbench.com/api/public/glossary/automated-clearing-house-debit","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-17","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","CapBench lender and franchise enrichment"],"term":{"slug":"automated-clearing-house-debit","term":"Automated Clearing House debit","group":"Doing the deal","definition":"This is an electronic transfer that automatically pulls your loan payments directly from your bank account. It's how most SBA loan payments are collected.","what_it_means":"When you close your SBA 7(a) loan, you'll typically authorize the lender to set up recurring ACH debits for your monthly principal and interest payments. This ensures timely payments and is a standard requirement for most term loans, simplifying your repayment process.","url":"https://www.capbench.com/glossary/automated-clearing-house-debit","official_sources":[],"related":[{"slug":"principal-and-interest","term":"Principal and interest","url":"https://www.capbench.com/glossary/principal-and-interest"},{"slug":"loan-agreement","term":"Loan agreement","url":"https://www.capbench.com/glossary/loan-agreement"},{"slug":"debt-service","term":"Debt service","url":"https://www.capbench.com/glossary/debt-service"},{"slug":"repayment-capacity","term":"Repayment capacity","url":"https://www.capbench.com/glossary/repayment-capacity"}],"related_questions":[{"question":"Do I have to put up my personal house as security for an SBA 7(a) loan?","url":"https://www.capbench.com/sba-7a/questions/do-i-have-to-put-up-my-personal-house-as-security-for-an-sba-7-a-loan"},{"question":"Do I need to offer collateral, like my house or business assets, for an SBA 7(a) loan?","url":"https://www.capbench.com/sba-7a/questions/do-i-need-to-offer-collateral-like-my-house-or-business-assets-for-an-sba-7-a-loan"},{"question":"If I own a house, will the bank always require it as collateral for an SBA 7(a) loan?","url":"https://www.capbench.com/sba-7a/questions/if-i-own-a-house-will-the-bank-always-require-it-as-collateral-for-an-sba-7-a-loan"}]},"caveats":["Definitions represent CapBench's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"CapBench Glossary — Automated Clearing House debit","url":"https://www.capbench.com/glossary/automated-clearing-house-debit","source_type":"CapBench Data"}}