Novo requires that all applicants have a copy of their signed personal identification, a mobile phone using one of the major US carriers, a US Social Security number, and a US address to complete the application. All applicants must be at least 18 years old. Depending on your business type, we may require certain information for you to apply. Please see below for these requirements:
The documents we require vary state-by-state depending on your entity. During the application, you'll be provided with a list of documents necessary to apply for an account. Any delay in submitting these documents could lead to a delay in your application being approved.
If you have not filed your business with a state, you can apply as a sole proprietorship. This means you will not have to provide a copy of your articles of organization. If you operate under a business name that is not your own, you will be required to provide a copy of your Doing Business As (DBA) documents.