Updated September 29, 2026 · BorrowCue Editorial Team
5in5 vs Novo
5in5 vs Novo: the differences
| Compare |  5in5 |  Novo |
|---|---|---|
| Loan amount | €5,000 | up to $50,000 |
| Arrangement fee | One-off fee deducted from payout | 0 (none: application, origination, servicing fees: None) |
| Funding time | Same day up to 1 business day | Instant: funds land in your Novo account instantly, same day as approval |
| Eligibility | Sole proprietorship or single-owner BV registered with KvK with a business account | US business owners must hold a Novo business checking account; eligibility builds over about six months of account activity and is based on credit history plus real-time cash flow, final Novo determination |
| Loan types | Business, BridgingCovers more | Business |
| Term | 0.5 to 24 months | Not confirmed |
| Credit check | Not confirmed | Hard |
| Rate type | Not confirmed | Fixed |
| Free early repayment | Not confirmed | Yes |
| Origination fee (%) | Not confirmed | 0% |
Same on both: Lender type (Direct lender).
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Key differences
- 5in5 scores higher overall: 9.4 vs 9.1.
- Features: only Novo offers Credit line.
- Loan types: only 5in5 offers Bridging.
Our verdict on each
5in5
5in5 suits Dutch sole traders and single owner firms seeking brief business cover paid in Same day up to 1 business day. You receive €5,000 with terms that run 0.5 to 24, backed by support through email, phone and help centre from 5in5 BV.
Novo
Novo suits US business owners who already bank with it and can let eligibility build. The line reaches up to $50,000 at a fixed rate, with fees of 0 (none: application, origination, servicing fees: None) across application, origination and servicing, and approved funds land in the Novo account the same day.
Score breakdown
| Area | 5in5 | Novo |
|---|---|---|
| Cost | Not confirmed | 9.4Fees of 0 (none: application, origination, servicing fees: None) for application, origination and servicing. |
| Offer | 9.4HigherOffer reflects payout in Same day up to 1 business day with terms that run 0.5 to 24 | 8.5 |
| Trust | 9.3HigherTrust reflects operation as 5in5 BV based in NL | 9.2 |
Availability and regulation
| Country | 5in5 | Novo |
|---|---|---|
| United States | Not confirmed |
Additional countries for 5in5: 1. Additional countries for Novo: 1.
How they place
| Ranking | 5in5 | Novo |
|---|---|---|
| Business loans | 3 of 435 | 12 of 435 |
Where these facts come from
5in5
- 5in5.nl: 8 facts, checked September 29, 2026
Novo
- novo.co: 14 facts, checked September 26, 2026
Every fact side by side
| Fact | 5in5 | Novo |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Same day funding | Same day funding, Credit lineCovers more |
| Legal entity | Not confirmed | Novo Platform Inc. |
| Support channels | Not confirmed | Email, Help centre |
Where each stands against the rest
| Fact | 5in5 | Novo | Median |
|---|---|---|---|
| Term | 0.5 to 24 monthslowest quarter | Not confirmed | 60 |
| Origination fee (%) | Not confirmed | 0%below the median | 0.25% |
Median across 1005 listed lenders.
Pros and cons
5in5
Pros
- Payout in Same day up to 1 business day helps when timing matters for stock or invoices
- Fixed ticket of €5,000 keeps budgeting clear for short dated needs
- Terms that run 0.5 to 24 suit brief gaps rather than extended debt
Cons
- Fixed amount of €5,000 may feel tight next to Qonto with €150 to €100,000 for larger projects
- Terms that run 0.5 to 24 require swift repayment compared with longer business facilities
- Support through email, phone and help centre lacks chat, which some borrowers may prefer
Novo
Pros
- Fees of 0 (none: application, origination, servicing fees: None) for application, origination and servicing.
- Rate type is fixed and the product is fixed rate, so a budgeted payment holds.
- Free early repayment, so a strong month can clear the balance.
Cons
- Eligibility is reserved for US business owners holding a Novo business checking account.
- A hard credit check sits behind every application, with credit history and real-time cash flow both weighed.
- Support runs on email and help centre only, with no phone route for urgent questions.
Who each suits
5in5
Who it suits
- Sole businesses needing €5,000 may prefer 5in5 over Qonto with €150 to €100,000 when the need is modest
- Firms valuing payout in Same day up to 1 business day may prefer 5in5 over Sofkredit with €12,000 to €300,000
- Dutch traders based near NL may prefer local handling over Finmercado with MXN 500 to MXN 200,000
Who should look elsewhere
- Borrowers needing larger tickets than €5,000 may prefer Qonto with €150 to €100,000
- Borrowers seeking peso funding may prefer Finmercado with MXN 500 to MXN 200,000
Novo
Who it suits
- US business owners who keep a Novo business checking account and can let eligibility build.
- Owners who need cash the same day as approval and plan to clear the line early.
- Companies that prefer a single direct lender and one banking relationship.
Who should look elsewhere
- Businesses unwilling to open a Novo business checking account, since the account and its activity sit inside eligibility.
- Owners after a personal rather than company product, with Vivus ES at €50 to €1,400 the nearer comparison.
- Borrowers needing less, where Plazo ES at €500 to €5,000 sits closer to the need.
Country by country
| Country | 5in5 | Novo |
|---|---|---|
| Netherlands | Yes | No |
| United States | No | Yes |
Questions about each
5in5
Who can apply for a loan from this lender+
You apply as a registered sole business with a business account and request €5,000. Terms run 0.5 to 24 and payout arrives in Same day up to 1 business day. The structure suits short dated needs where rapid settlement matters more than extended repayment.
How large is the loan and how long does it last+
The ticket is fixed at €5,000, so planning is simple but flexibility is limited. Terms run 0.5 to 24, which keeps the commitment short dated. Borrowers needing larger sums may compare Qonto with €150 to €100,000 before deciding.
Novo
What is Novo, and who can borrow from it?+
Novo is a direct lender, so it lends from its own balance sheet rather than passing applications to third parties. The legal entity is Novo Platform Inc., and borrowing goes to US business owners who hold a Novo business checking account.
How much can I borrow?+
The line reaches up to $50,000, well above the €1,315.44 median in the business loan comparison. It works as a credit line rather than a single advance, so a company draws what it needs and repays as revenue arrives.