What is Novo Funding?

Novo Funding offers merchant cash advances to help cover business expenses.

If approved, you'll have access to a funding amount that you can draw from as needed. You don't have to use the full amount—and you won't owe anything unless you use the funds.

When you do use funds, you'll repay the amount over time with fixed monthly payments. Instead of interest, you'll pay a flat monthly rate. Your rate depends on factors like your revenue, industry, credit, and more.

You can use Novo Funding to help cover your business's upfront needs:

• Buy inventory
• Upgrade equipment
• Invest in marketing
• Cover short-term expenses
• Make renovations

Note: We also offer Novo Business Loans™ to prequalified customers. What is a Novo Business Loan?