Line of Credit (“LOC”) NovaFi offers a flexible line of credit (LOC) to those who qualify Revolving Line of credit approvals from $5,000 to $1,000,000 Max amortizing term up to 36 months with fixed weekly payments Fast approvals and fundings in less than a week Streamlined underwriting process with minimal documentation Revolving Lines of Credit with Interest-Only Options Finance charges accrue and are collected weekly No minimum finance charges required Closing points only charged on cash ou A revolving period of up to 1 year (52 weeks) Unlimited draws of $5,000 or more during the revolving period Unlimited principal paydowns of $5,000 or more during the revolving period Every payment made and partial principal paydown frees up line availability Unlimited partial principal paydowns for up to a year Pay off or pay down your line of credit without penalty Apply Now! NovaFi Special Financing ApplicationThis easy, quick application takes an estimated 10 minutes and won't effect your credit. Please prepare the following documents to submit with this electronic application: 1) Last three month of the bank statements 2) Landlord Contact Information 3) Driver’s License or Passport 4) Secondary ID (Passport (if not used as primary) or major credit card) 5) Business Voided Check for all Business accounts tied to the Legal Entity 6) Current Business tax Return (or most recent, if not filed, with a copy of the tax extension for the most recent) 7) If a partnership, Executed Operating AgreementPlease enable JavaScript in your browser to complete this form.Business Financing Application - Step 1 of 10Business InformationTell us about your businessCompany Legal Name *Business's Doing-Business-As (DBA) Name *Business Corporate Legal Address *Address Line 1Address Line 2CityAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingStateZip CodeLayoutCorporate Phone *FaxBusiness Industry / Type:RestaurantRetail:Hotel/MotelConvenienceBar/NightclubOther:Email *Business Website / URLPlease input your website or facebook URL address.What type of Retail? *What Other Industry? *NextSave and Resume LaterLegal Form of Entity & Authorized Signer (Please Check Box and Complete as Indicated):LayoutBusiness Type *CorporationLLCS CorpPartnershipSole ProprietorshipName of Manager/Managing Member: *(Must Be Signer of Application)Name of Owner: *(Must Be Signer of Application) Sole Proprietorships file taxes on their IRS 1040Date of Organization *For this question, please report the estimated date you registered your business with the IRS and obtained your EIN number.Number of Partners/Shareholders/Members/Owners in Business: *Is your primary location / address different than your corporate address? *YesNoPrimary Business Phone *Cell Phone: *How Long Have You Owned the Establishment? *Please list both years and monthsNumber of Employes: *Name of President: *Corporations file taxes on IRS Name of Officer Signing Application: *Title: *State of Organization *FEIN *Federal Employer Identification Number XX-XXXXXXXList names of all Parters / Shareholders / Members / Owners *Primary Establishment Address (if Different): *Address Line 1Address Line 2CityAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingStateZip CodeNumber of Additional Locations Under Same Legal Corporate Entity:Has the Business or Owners Ever Filed For Bankruptcy? *YesNoWhen? *LayoutName of Landlord:Landlord Phone:NextSave and Resume LaterMerchant Sales InformationLayoutTotal Annual Credit Card Sales?:Amount $Banking Institution for Business Account(s):Number of Seats (if applicable): *Is Your Business Seasonal? *YesNoTotal Annual Sales (Cash + CC)?:Amount $Has this bank been open for at least 90 days? *YesNoCuisine TypeList low volume months:% Sales Decrease In Low Volume Months: *NextSave and Resume LaterCash Needs(Minimum of $5,000 up to a Maximum of $1,000,000 Based Upon Approved Credit )LayoutTotal Cash Needed:Weekly Payment You Can Afford?Date Cash Is Needed:Cash Will Be Used For (Please Check One or More):ExpansionRenovationsEquipmentInventoryOpen Another LocationCash FlowPay TaxesMarketingPay Off Existing AdvanceOther:Describe other use of cash that is not listed above: *What does your business do? *Describe what your business does in one to two sentences.To whom does your business provide services or products? *B2B (Business-to-Business)B2C (Business-to-Consumer)Both B2B and B2CNextSave and Resume LaterExisting Cash/Financing ProvidersHow many Cash Providers (aka lenders) does your business owe money too? *LayoutName of Cash Provider: *Do you want to pay them off? *YesNoPlease attach the most current statement on your account if you want to pay off this cash provider.LayoutAmount Funded: *$Current Balance: *$Rate: *%Date Funded: *Layout (copy)Name of Cash Provider 2: *Do you want to pay them off? *YesNoPlease attach the most current statement on your account if you want to pay off this cash provider.LayoutAmount Funded: *$Current Balance: *$Rate: *%Date Funded: *Layout (copy)Name of Cash Provider 3: *Do you want to pay them off? *YesNoPlease attach the most current statement on your account if you want to pay off this cash provider.Layout (copy)Amount Funded: *$Current Balance: *$Rate: *%Date Funded: *Layout (copy)Name of Cash Provider 4: *Do you want to pay them off? *YesNoPlease attach the most current statement on your account if you want to pay off this cash provider.Layout (copy)Amount Funded: *$Current Balance: *$Rate: *%Date Funded: *NextSave and Resume LaterInformation on Loan Guarantor (Required)Legal Name of Guarantor (Primary Owner) *FirstLastLayoutOwner's Date of Birth *Driver License Number *#Owner's Social Security Number (SSN or ITIN) *XXX-XX-XXXXDriver License State and Expiration Date *i.e. UT 12/2023LayoutEmail *Cell Phone:Home Phone:AddressAddress Line 1Address Line 2CityAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingStateZip CodeLayoutDo you Own or Rent? *OwnRentHave You Declared Personal Bankruptcy in the Past? *YesNoDo You Currently Have Collection Issues Pending? *YesNoHow long have you lived at your current residence? *Please list both years and monthsDate of Personal Bankrupty *If exact date not know, please estimatePlease describe your pending collections issues *NextSave and Resume LaterRequired Documentation(1) Last three month of the bank statements (2) Most recent merchant credit card processing statement (3) Driver’s License or Passport (4) Secondary ID (Passport (if not used as primary), or major credit card (5) Business Voided Check for all Business accounts tied to the Legal Entity (6) Current Business tax Return (2021 if not filed then 2020 with tax extension) (7) If LLC, then please requested the executed operating agreement Business Bank Statement One (most recent month) * Click or drag files to this area to upload. You can upload up to 3 files. Please upload the last three months of bank statements separately in one of the following formats: pdf, png, or jpg.Business Bank Statement Two (month before most recent month) * Click or drag files to this area to upload. You can upload up to 3 files. Please upload the last three months of bank statements separately in one of the following formats: pdf, png, or jpg.Business Bank Statement Three (two month before most recent month) * Click or drag files to this area to upload. You can upload up to 3 files. Please upload the last three months of bank statements separately in one of the following formats: pdf, png, or jpg.LayoutUpload Owner's Driver License (Front) * Click or drag a file to this area to upload. Upload the owner's Driver License, Passport, or other similar photo ID. (must be a jpg, pdf, or png file)Secondary ID (Passport (if not used as primary), or major credit card(Front) * Click or drag a file to this area to upload. Frontside of your Secondary ID (Passport , if not used as primary, or major credit card (must be a jpg, pdf, or png file)Upload Owner's Driver License (Back) * Click or drag a file to this area to upload. Upload the owner's Driver License, Passport, or other similar photo ID. (must be a jpg, pdf, or png file)Secondary ID (Passport (if not used as primary), or major credit card (back) * Click or drag a file to this area to upload. Backside of your Secondary ID (Passport , if not used as primary, or major credit card (must be a jpg, pdf, or png file)Void Check * Click or drag a file to this area to upload. Please upload a voided check for the business bank account related to you bank statements in one of the following formats: pdf, png, or jpg.Current Business tax Return (if most recent not filed, then upload the prior year with a copy of your with tax extension) * Click or drag files to this area to upload. You can upload up to 2 files. ● Please upload this document in pdf format, and if your document is password protected, please rename the filename to include your password in the filename. ● If your taxes are past due, and your application will be processed after April 15 (IRS tax filing deadline) please also upload a copy of your filed IRS For example, if your password is 1234, you would rename the file "2022 1040 Return John Doe 1234.pdf" ● If you are a Startup and do NOT have Business Tax Returns yet, please upload your Personal Tax Return.If business has more than one owner, then please upload executed operating agreement * Click or drag files to this area to upload. You can upload up to 2 files. ● Please upload this document in pdf format, and if your document is password protected, please rename the filename to include your password in the filename. NextSave and Resume LaterWe want to help...Please tell us whom you are primarily working with on this request: *Sara StoffersDanielle TheallDavid BroderickEnrique GarciaFlor LopezJamie RendaJason DavisJulio OtayKristián KopeckýSarah MaxwellShawn BeusOtherNo one. I need a Business Financing Advisor to help me with my applicationWho are you working with on this request?Please tell us how you heard about NovaFi: *Small Business Development Center (SBDC: sba.gov/sbdc)Service Corps of Retired Executives (score.org)Bank, credit union, or other lending institutionCPA, attorney, or other similar professionalSuazo Business Center (suazocenter.org)Social MediaPast ClientInternet Search (i.e. Google, Safari, MSN, Yahoo, etc.)OtherPlease mark all boxes that applyHow did you hear about NovaFi? *Please tell us if you would like a referral to an experienced business consulting working in any of the following fields:Business Financing and LendingBrandingCapitalization PlansCFO ServicesCRE DevelopmentContract ProcurementEconomic DevelopmentGrantsLegal (business attorneys)CPA or BookkeepingCertifications: MBE, WBE, DBE, WSOBHuman Resources DevelopmentMarketing & CommunicationsMarket PositioningRestaurant industries and FranchisingSocial MediaStrategic Business PlanningTax Credits for R & DNo, I do not want a referralBuilding, Stabilizing, Expanding your business is critical to running a successful business. Sometimes you want to talk to an experienced professional that has been there and done that. NovaFi partner's with independent Business Consultant contractors ("Business Consultants") who has successfully owned and operated businesses and have at least 5 years of hands-on work experience related to the consulting services they provide. Please note, Business Consultants negotiate their own pricing with their clients and assume all responsibility and liability for advice and services rendered.NextSave and Resume LaterACKNOWLEDGEMENT AND CERTIFICATIONI. An authorized business representative certifies that all principals with twenty percent (20%) ownership or more ("Principals") acknowledge, certify and agree that the Borrower (or Co-Borrowers) and Guarantor (or Co-Guarantors) represents to NovaFi, LLC, and all NovaFi, LLC lending partners (“Broker”) a. You are authorized on behalf of the business whose name you have entered to initiate this pre-qualification process for credit and use the Service, and b. All information you provide is true, correct and complete and that you will notify us of changes to such information. II. You understand and agree that Broker and our personnel, agents and assignees are authorized to contact third parties to conduct background checks and other investigative reports and make credit report inquiries (including requesting business and personal credit bureau reports from credit reporting agencies and other sources), and that Broker has the authority for the foregoing in connection with any update, renewal, or extension of the credit to the business on whose behalf you are initiating this pre-qualification process for credit. a. By agreeing to these Application Terms, you are providing ‘written instructions’ to Broker under the Fair Credit Reporting Act authorizing it to obtain information from your personal credit profile* to conduct a pre-qualification for credit in connection with your business. b. You are confirming that you are personally liable as a principal of the business. III. Consent to Referral: You agree that Broker may disclose the information you provide to us, or that we obtain pursuant to the credit authorization process discussed above, to third parties to whom Broker may refer you or your inquiry or application for financing or other services. You hereby authorize Broker to submit such inquiries and applications for financing to third parties on your behalf and to take such further actions as may be necessary or convenient in furtherance of such inquiries and applications. You acknowledge that Broker may receive compensation from third parties for referrals and/or submissions to third parties. In making such referrals and/or submissions, you acknowledge and agree that no fiduciary relationship shall be established between you and Broker. You should carefully consider the terms and conditions of any offers of financing or other services that you may receive.Updating preview…This is a preview of your submission. It has not been submitted yet! Please take a moment to verify your information. You can also go back to make changes.Custom Captcha * = Authorized Signature *Clear SignaturePreviousNextSave and Resume LaterUpdating preview…This is a preview of your submission. It has not been submitted yet! Please take a moment to verify your information. You can also go back to make changes.PreviousSubmitSave and Resume Later Your form entry has been saved and a unique link has been created which you can access to resume this form. Enter your email address to receive the link via email. Alternatively, you can copy and save the link below. Please note, this link should not be shared and will expire in 30 days, afterwards your form entry will be deleted. Copy Link Email * Send Link
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