London-based Cubefunder is a relative newcomer to the business loans market, having launched in 2017. While many business lenders will add interest for the time your loan is outstanding, Cubefunder has just one fixed fee which it adds to your loan total. This fee will vary depending on your loan amount and repayment term, as well as the size and creditworthiness of your business.
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Cubefunder is a direct lender not a broker.
Cubefunder’s repayment model is also unique, as it can adapt to how and when you receive payments from your customers. You can pay off more of your loan in months when revenue is good and less in months when it has dipped.
Whether your business has hit a financial emergency or you need a cash boost to get it to the next level, Cubefunder could help with a tailor-made business loan of up to £100,000. It’s quick and straightforward to apply online at the Cubefunder website.
| Minimum trading period | 3 months |
|---|---|
| Loan terms | From 3 to 12 months |
| Loan amounts | From £2,500 to £100,000 |
| Minimum turnover | £4,000 |
| Loan type | Fixed rate loan |
|---|---|
| Credit limits | £5,000 to £100,000 |
| Loan terms | 3 to 12 months |
| Loan rate type | Fixed |
| Personal guarantee | A personal guarantee may be required |
| Early repayment fee | |
| More Info |
Interest rates are fixed for the duration of your repayment period. However, the rate you’re offered will depend on factors like the amount you apply for, the term of the loan, the performance of your business and its credit rating. This may differ from the advertised “representative APR”.
You should only apply for an Cubefunder business loan if you’re certain you can meet the repayment terms. You must also:
1. Apply online or by phone by providing some personal information and details about your business including its revenue streams.
2. Once your application is complete, the Cubefunder technology will create a payment plan that matches your cashflow patterns.
3. Although repayments are set out at the beginning, if your business goes through a period of change you can restructure your plan at any time without incurring default charges.
4. Once approved for a loan, the funds will be transferred to your bank account.
5. Make repayments as agreed by debit card. You can also make additional payment through the website.
In our 2024 customer satisfaction survey, 97% of Cubefunder customers said they would recommend the brand to a friend. Several customers commented on how impressed they were by the customer service and funding application process. One customer said that “the lender has been amazing from start to finish and supported us all the way through”.
Cubefunder is rated “Excellent” on Trustpilot, with a score of 4.5 out of 5 stars, based on over 140 reviews (updated October 2024). Cubefunder customers who rated the lender below average complained that they were asked to provide “irrelevant” information and documentation for the loans that they were requesting. On the flip side, reviewers who scored the lender the full 5 stars stated that the service was “very speedy” and “highly flexible”, and didn’t mention being asked for extensive information.
On Google Reviews, Cubefunder has a score of 4.6 out of 5 stars, based on more than 90 ratings (updated October 2024). Like the Trustpilot reviewers, those who gave Cubefunder a low score said that they were asked to provide a multitude of “irrelevant” information and found the loans process to be slow. In contrast, those who rated the service highly gave praise to the quickness of the lender, as well as the helpfulness of the team.
Cubefunder doesn’t currently have any user feedback on the community forum Reddit.
To contact Cubefunder’s customer support team, you can phone them on 020 3137 2417 or email them at contact@cubefunder.com.
So what’s our overall verdict? Cubefunder is a good alternative to those businesses that have struggled to receive a loan from more traditional lenders and might experience peaks and troughs in revenue. With its fixed fee that gets added to your loan total and the flexible repayment model, you will be able to make an easier judgment of your business’s affordability. However, if your creditworthiness of your business isn’t quite perfect, you could be facing a higher fee than the advertised rate.
There are several types of business loan out there. The right one for your business will depend on how much you need and how long you want to borrow for. You should consider your options carefully before taking out a business loan.
Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.
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