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- an Inc 5000 Fastest Growing Company 5 years in a row!
- an Inc 5000 Fastest Growing Company 5 years in a row!Introducing
No Fee DTC
(DTC = Direct to Consumer)
Consumer Financing for Merchants
Offer financing options with Novae to increase your conversions and revenue and pay 0% merchant fees!
Get paid quicker
Get paid more
Get paid often
How Novae’s DTC Financing Works
1
Once you become a merchant, you use Novae’s online platform, branded with your logo, to request financing for your customer.
2
The financing request is sent to Novae’s multi-lender network.
3
If a partnered lender accepts the request, the consumer may receive a loan, line of credit, or alternative form of funding.
4
If the customer is approved, he or she will receive the funds in full within two to three days. You invoice the customer, we help with a template, and you get paid from them within 48 hours of them receiving the funds.
Why Novae DTC Financing?
Pay zero fees on loan volume
Improves customer acquisition
Maximizes cash flow
Why Novae?
Novae partners with a reputable multi-lender network and utilizes a waterfall algorithm to improve approval rates. This means consumers have a higher likelihood of finding financing options.
Novae only conducts a soft credit check to minimize the impact on a consumer’s credit score. Also, many of our partnered lenders may be willing to work with damaged credit applicants.
Novae charges 0% on all your financing volume on our platform. Our competitors charge on average 5%. So if you are processing $100,000 per month, that is $5,000 in savings monthly. If you are processing $1,000,000 per month, that is $50,000 in savings monthly. Only pay Novae a flat $50/mo platform fee.
Your customers will have more opportunities to get financed due to Novae’s multi-lender network. One application sent to over 30 lenders, with no impact on their credit.
Novae provides ongoing 5 star customer service, 5 days a week, including an IT team and, for accounts processing over $100k/mo, a dedicated account manager.
Program Details
HIGHLIGHTS
- Finance up to $250,000
- Loan Terms of up to 72 months
- Approvals down to 515 credit score*
- 30 Lenders, no industry restrictions
- Merchant Fee –
flat 5% per loan0% for LIMITED TIME (0% locked in as long as your account is active) - APRs starting at 5.99%
MERCHANT REQUIREMENTS
- No underwriting requirements
- All merchants approved
WHAT YOU GET
- Co-branded webpage to send customers
– view example - Unique application page link
- Track application submissions
- Agreement to retrieve funds from customer
