Unlock your potential with small business financing

The Novo Funding application can be completed in under 10 minutes anytime, anywhere. Novo will complete its review within 24 hours so you can get right back to running your business.

Novo Funding offers merchant cash advances.

The blueprint for a merchant cash advance is simple. Once a small business is approved, a lump sum is deposited into their business checking account. The business makes a monthly repayment for a set amount of time. The payback amount will consist of the amount drawn, known as your Principal, plus a percentage-based fee, known as your Monthly Rate. Monthly Rates vary based on a number of factors including your business’s industry, years in operation, financials, transactions, and credit score.

Every Novo Funding customer is different, but you can find your specific fee structure inside your personal Novo Funding dashboard. We provide Monthly Rates as low as 1.5%.

No, your Available Funding Limit does not expire. However, inactivity in your Novo business checking account for 130 days or more will result in an auto-closure of your Novo account, ultimately removing your access to Novo Funding. Novo Funding currently requires you to maintain an open Novo business checking account. It is also important to keep in mind that your Available Funding Limit and Monthly Rate are subject to change over time due to macroeconomic factors, changes in credit history, and/or additional checking account history.