Once the Novo Business Loan is approved, how long does it take to receive funds?

Once your loan is approved, you will receive a confirmation email and the funds will be transferred to your Novo account almost instantly or within 24 hours in some cases. We will also send you a funding confirmation email as soon as the money is deposited in your account.

You can view your loan details and documents at any time from your Loan Dashboard in the Novo app.