Results 1 to 17 of 17
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06-15-2023, 03:47 PM #1
Novo Advance - NOW On-Boarding New ISO's
Good Day All,
Novo Advance is now accepting new ISO's.
We will fund it all - from A paper all the way down to Active defaults (Previous defaults are not an issue)
Terms: B-D Paper up to 45 days.
our ONLY requirement is = Minimum revenue for funding is 25k.
We have no maximum dollar amount for funding. (our #1 goal is always highest dollar amount approvals)
We fund 6-7 figure deals same day with no hiccups or delays.
Lets start funding TODAY
Send all submissions to Subs@Novoadvance.com
Novo Advance
1-(800) 431-1756
Subs@Novoadvance.com
https://NovoAdvance.com/
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10-27-2023, 05:07 AM #2
- Join Date
- Jun 2023
- Posts
- 4
But you don't answer to emails
Log in calls done a day after or forgotten
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10-27-2023, 09:39 AM #3
I can't fathom the thought of a funder wiring money into a merchant's account who's currently in an active default with other lenders. What a great way to light money on fire!
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10-27-2023, 09:40 AM #4
- Join Date
- Mar 2020
- Posts
- 133
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10-27-2023, 09:48 AM #5
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10-27-2023, 09:53 AM #6
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10-27-2023, 10:41 AM #7
- Join Date
- Mar 2023
- Posts
- 11
Their website is down lmao
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10-27-2023, 10:43 AM #8
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10-27-2023, 11:00 AM #9
- Join Date
- Apr 2020
- Posts
- 127
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10-27-2023, 12:00 PM #10
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10-27-2023, 01:13 PM #11
- Join Date
- Apr 2020
- Posts
- 127
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10-29-2023, 01:30 PM #12
- Join Date
- Jun 2023
- Posts
- 4
Novo are 2 kids working from home
As a white label
Don't waste time working with them
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10-30-2023, 11:00 AM #13
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10-30-2023, 03:53 PM #14
- Join Date
- Aug 2018
- Posts
- 837
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10-30-2023, 04:26 PM #15
- Join Date
- Jun 2023
- Posts
- 2
Stay far away - Novo committed wire fraud on my merchant last week and then ghosted us/blocked our numbers. Complete joke/scam artists.
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10-30-2023, 05:31 PM #16
if the contract says origination fees can be up to 40% of the purchase price (as 99% of contracts from these types of funder do), if they actually do fund your 30 day deal than they are within their rights to o fee up to what is stated on the contract....
not saying this is what happened with "your merchant", but when you say they "committed wire fraud"....i have a feeling that technically, they did not.
Morale of the story?
When you are a broker brokering high risk default deals with shady high risk "funders", developing a good relationship with a few companies you can trust is a much better long term plan than signing on with every fly by night "high risk funder" on this forum.
and always ask what % the o fee is if you dont know. Try to do business with high risk funders that have a set o fee and will not change the o fees on a deal to deal basis like many, including novo advance, will do.
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10-31-2023, 11:20 AM #17
- Join Date
- Jun 2023
- Posts
- 2
not O-fee related, Novo carrot tricked a merchant. Had him pay them off and then ghosted him. I understand everything you are saying and completely agree. Sometimes the thought of a juicy commission comes at the expense of a desperate/naïve merchant and in this case a naïve broker.
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