Why was my Novo Business Loan application denied? Can I appeal the decision or re-apply?

Updated September 3, 2026

If we deny your Novo Business Loan application, we will send you the email notification about the decision. A notice will be attached to this email explaining the reason(s) for this decision.

While we do not have a formal process for appeal, you could reapply for the loan when a new invitation is sent to you.