Updated September 30, 2026 · BorrowCue Editorial Team
Bizcap vs Novo
Where Bizcap and Novo differ
| Compare |  Bizcap |  Novo |
|---|---|---|
| Loan amount | up to $2,000,000Higher | up to $50,000 |
| Arrangement fee | underwriting fee disclosed upfront | 0 (none: application, origination, servicing fees: None) |
| Credit check | Soft prequal | Hard |
| Funding time | same-day funding | Instant: funds land in your Novo account instantly, same day as approval |
| Eligibility | EIN, 1 year in business, $20K monthly revenue | 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 |
| Term | 5 to 12 months | Not confirmed |
| Rate type | Not confirmed | Fixed |
| Origination fee (%) | Not confirmed | 0% |
| Credit needed | Poor | Not confirmed |
Same on both: Lender type (Direct lender), Free early repayment (Yes), Loan types (Business).
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Key differences
- Novo scores higher overall: 9.1 vs 9.0.
- Loan amount is higher at Bizcap: up to $2,000,000 vs up to $50,000.
- Support channels: only Bizcap offers Phone.
- Support channels: only Novo offers Help centre.
Our verdict on each
Bizcap
Bizcap suits established firms seeking revenue based funding with rapid payout, operating as a direct lender with soft prequalification and flexible credit line access. Terms run 5 to 12 months with amounts of up to $2,000,000 and payout at same-day funding for eligible revenue generating firms.
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 | Bizcap | Novo |
|---|---|---|
| Cost | 9.2Upfront disclosure via fees of underwriting fee disclosed upfront with early settlement at no added charge. | 9.4HigherFees of 0 (none: application, origination, servicing fees: None) for application, origination and servicing. |
| Offer | 9.3HigherAmounts of up to $2,000,000 with terms at 5 to 12 months and payout at same-day funding. | 8.5 |
| Trust | 8.8Defined base under Newco Capital Group, LLC dba Bizcap dating to 2019 with help on email and phone. | 9.2Higher |
Choosing between them
Pick Bizcap if offer and loan amount matter most.
Pick Novo if trust matter most.
How they place
| Ranking | Bizcap | Novo |
|---|---|---|
| Lines of credit | 22 of 328 | 17 of 328 |
| Business loans | 15 of 435 | 12 of 435 |
Every fact side by side
| Fact | Bizcap | Novo |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Same day funding, Credit line | Same day funding, Credit line |
| Legal entity | Newco Capital Group, LLC dba Bizcap | Novo Platform Inc. |
| Founded | 2019 | Not confirmed |
| Support channels | Email, Phone | Email, Help centre |
Where each stands against the rest
| Fact | Bizcap | Novo | Median |
|---|---|---|---|
| Loan amount | up to $2,000,000highest quarter | up to $50,000above the median | $35,000 |
| Term | 5 to 12 monthslowest quarter | Not confirmed | 60 |
| Origination fee (%) | Not confirmed | 0%below the median | 0.25% |
Median across 1005 listed lenders.
Pros and cons
Bizcap
Pros
- Payout at same-day funding helps firms meet payroll, stock and project deadlines without long waits.
- Amounts of up to $2,000,000 give headroom well beyond Cashspace with €100 to €5,000 for growth plans.
- Free early repayment lets you settle early without added charge and curb total outlay.
Cons
- Terms run 5 to 12 months which may feel short for extended projects needing longer amortisation.
- Support runs on email and phone only, without chat or help centre for out of hours queries.
- Fees of underwriting fee disclosed upfront add upfront cost compared with Cashspace with €100 to €5,000 for smaller needs.
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
Bizcap
Who it suits
- Established firms with steady revenue seeking same-day funding rather than the smaller caps of €100 to €5,000 from Cashspace.
- Firms wanting revolving access via same day funding and credit line rather than term only offers such as Ibancar Prestamos with €600 to €8,000.
Who should look elsewhere
- Pre revenue ventures without steady sales: business only via business, consider Cashspace with €100 to €5,000.
- Personal borrowers seeking household credit: revenue focus via EIN, 1 year in business, $20K monthly revenue, consider AXI Card Tarjeta y Credito with up to €1,500.
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 | Bizcap | Novo |
|---|---|---|
| United States | Yes | Yes |
Questions about each
Bizcap
What fees does Bizcap charge?+
Bizcap applies fees of underwriting fee disclosed upfront on revenue based financing, disclosed upfront prior to acceptance so you can assess total cost. Early repayment carries no added charge, allowing you to settle early and limit the overall outlay where cash flow permits extra payments.
How much can my business request and over what term?+
Amounts of up to $2,000,000 are available subject to revenue assessment and affordability checks, covering modest boosts and larger growth plans. Terms run 5 to 12 months, offering a short repayment window that suits bridging needs and seasonal gaps rather than extended borrowing horizons.
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.