Do I have to draw the funds by a certain date?

No, your Available Funding Limit does not expire. However, inactivity in your Novo business checking account for 130 days or more will result in an auto-closure of your Novo account, ultimately removing your access to Novo Funding. Novo Funding currently requires you to maintain an open Novo business checking account. It is also important to keep in mind that your Available Funding Limit and Monthly Rate are subject to change over time due to macroeconomic factors, changes in credit history,  and/or additional checking account history.