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Cubefunder is a direct lender offering short-term unsecured business loans of £5,000 to £100,000. You can only access a Cubefunder loan if you are based in England or Wales, and most of its products are for limited companies with a minimum monthly turnover of £4,000.

With term lengths of three to 12 months, no early repayment fees, and daily or weekly repayment schedules, Cubefunder could be an option for your business if you don’t need to spread the cost of borrowing over a longer period of time. However, you should be aware that new customers are required to provide a personal guarantee.

Representative APR
Available on application

Available amounts
£5,000 – £100,000

Available Terms
3 – 12 months

Representative Example
Available on application

NerdWallet's Review Summary

Cubefunder is a direct lender which claims to value the human element in business lending, meaning it promises to judge businesses by more than just their credit score. This provider of short-term small business loans scores well for the upper borrowing limit and fee-free repayments but loses points for its limited customer service options.

Start-up businesses can apply to Cubefunder for a loan, provided they have been trading for three months or more. Find out more by reading NerdWallet’s Cubefunder business loans review.

Cubefunder business loans key features:

Different borrowing limits for sole traders and limited companies: Cubefunder’s Unsecured Business Loan is for limited companies only, with businesses able to borrow between £5,000 and £100,000. For sole traders, Cubefunder offers a smaller business loan for borrowing between £2,500 and £7,500.
Short-term borrowing: Cubefunder business loans can be repaid over three to 12 months.
Flexible repayment plan: You can choose to pay your loan back in daily or weekly instalments.
Fee-free repayment: Cubefunder doesn’t charge fees for repaying your loan early.

NerdWallet's Pros & Cons

Pros

Cubefunder offers a maximum unsecured loan amount of £100,000.
Cubefunder business loans are short-term, over a maximum of 12 months, and you can choose to repay your loan on a daily or weekly basis.
As long as you pay the full amount in the agreed period, there are no individual late payment fees.
There are no early repayment fees if you want to pay off your Cubefunder business loan before the term ends.

Cons

Cubefunder business loans are only available for businesses based in England and Wales.
If you are a new customer, you are required to provide a personal guarantee when taking out a loan.
Sole traders are not eligible for an iwoca business loan, while limited companies will be required to provide a personal guarantee – typically from one of the company directors.
You can only contact Cubefunder over the phone or by email. There is no mobile app, live chat feature or access at a branch.

Check Eligibility

This product may be one of a range offered by this provider. Always check terms & conditions for suitability before applying.

Learn more about how we bring you our review.

Key features

Loans of up to £100,000
Limited companies can borrow between £5,000 and £100,000 with Cubefunder.
Short-term borrowing
Cubefunder business loans can be repaid over three to 12 months.
Flexible repayment plan
You can choose to pay your loan back in daily or weekly instalments.
Limited companies in England and Wales
Cubefunder loans are only available for businesses in England and Wales. Most products are only for limited companies, though a small loan is available for sole traders.

Cubefunder business loans pros & cons

Pros

Cubefunder offers a maximum unsecured loan amount of £100,000.
Cubefunder business loans are short-term, over a maximum of 12 months, and you can choose to repay your loan on a daily or weekly basis.
As long as you pay the full amount in the agreed period, there are no individual late payment fees.
There are no early repayment fees if you want to pay off your Cubefunder business loan before the term ends.

Cons

Cubefunder business loans are only available for businesses based in England and Wales.
Most products are only available to limited companies, with sole traders eligible for a much smaller loan.
If you are a new customer, you are required to provide a personal guarantee when taking out a loan.
You can only contact Cubefunder over the phone or by email. There is no mobile app, live chat feature or access at a branch.

The pros and cons featured here are chosen by us based on a combination of our expert, research-based opinions and an exclusive survey of UK business owners and decision makers. The survey was conducted on behalf of NerdWallet UK in December 2022 to identify the business loans features that people feel are most important. They are unlikely to be the only product features and restrictions that you should consider. Pros and cons are subjective and you should align them to your own personal and business circumstances. Information was correct at the time of publication but may have changed since.

Cubefunder business loans full review

Operating since 2017, Cubefunder is a direct lender regulated by the Financial Conduct Authority (FCA), providing unsecured short-term business loans to organisations based in England and Wales.

Most of its products are designed for limited companies whicho have been in business for at least three months, with a minimum monthly turnover of £4,000.

Eligible limited companies can borrow between £5,000 and £100,000, over a term of three to 12 months. Your loan will come with a fixed cost of credit to be paid alongside the sum borrowed. This fixed cost of credit will be determined by Cubefunder’s review of your business, as well as your loan size and term length.

Cubefunder then calculates your repayments by dividing the total sum to be repaid, including the loan amount and fixed cost of interest, by the number of working days in the term length. You can then choose to pay on a daily or weekly basis.

There are no restrictions on what you can do with your loan, as long as it is for a business purpose, and no early repayment charges if you want to pay it off before your term ends.

Cubefunder also offers two other products outside its main limited company loan:

e-Commerce business loans: For online limited companies, including eBay, Amazon and Etsy sellers. These are between £5,000 and £30,000, and require your business to have a minimum monthly turnover of £15,000.
Sole trader business loans: Sole traders can apply for a business loan worth between £2,500 and £7,500.

Cubefunder business loans: at a glance

Amount borrowable	£5,000 to £100,000 (limited companies) £2,500 to £7,500 (sole traders)
Term length	Three to 12 months
Web-based customer service	Email: [email protected]
UK customer service number	020 3137 2417 (9am to 5.30pm, Monday to Friday)
App	No
Face-to-face customer service	No
Access to loans without pre-existing account	Yes

Where Cubefunder business loans stand out

Maximum amount borrowable: Eligible limited companies can borrow up to £100,000 with an unsecured Cubefunder business loan, which is more than some traditional lenders.

Flexible repayment schedule: Cubefunder business loans are designed for short-term borrowing over a maximum of 12 months. Since Cubefunder bases its repayments on the number of working days within the term, you can pay back your loan in manageable weekly, or daily, instalments.

No early repayment fees: If you want to repay your loan in full before the term ends, you can do so at no extra cost. However, since there is a fixed cost of credit, you won’t be able to save any money on interest.

No late payment fees: As long as you make the full payment by the end of the term, you won’t be charged any fees for any late or missed payments. Similarly, if you are having trouble paying your loan within the agreed term, you can ring Cubefunder to discuss your options.

Available for newer businesses: As long as you have been trading for at least three months, and meet Cubefunder’s other eligibility criteria, you can potentially get a business loan.

No need to create a new business account: Since Cubefunder is not a bank, you do not need to open a new business account to access a loan.

Where Cubefunder business loans fall short

Regional restrictions: Unlike many other lenders, Cubefunder business loans are only available for companies based in England or Wales.

Eligibility requirements: Most Cubefunder business loans are only available to limited companies with a minimum monthly turnover of at least £4,000.

Personal guarantees: New customers are required to provide a personal guarantee when taking out a Cubefunder business loan. This essentially means you are acting as a guarantor for your business and promising to pay the loan if your business cannot.

Maximum term length: Cubefunder is not a good option for businesses that want to spread the cost of their borrowing over longer than 12 months.

Limited customer service options: You can only contact Cubefunder via email, or over the phone from 9am to 5.30pm Monday to Friday.

Cubefunder business loans customer reviews

Cubefunder has a ‘Great’ Trustpilot rating of 4.2 based on 99 reviews. It is important to note that this is a much smaller number of reviews than many other lenders.

This information is correct as of 15 September 2023.

Cubefunder business loans eligibility

To meet the standard eligibility criteria for a Cubefunder business loan, you must:

be a limited company
be based in England or Wales
have a minimum monthly turnover of £4,000
have been trading for at least three months
not be in the following industries: gambling and cryptocurrency, financial advising, debt and claims management, legal and accountancy, and estate agents

You will also then need to pass Cubefunder’s credit checks, and its assessment at your premises.

How to apply for a Cubefunder business loan

When applying for a Cubefunder business loan, you will likely need to complete the following steps:

Complete an online application form, providing your basic contact details and company name.
Cubefunder will call you within 30 minutes of your application, to get a better understanding of your needs.
You will then be required to submit the relevant documents, including the last 90 days’ worth of business banking transactions.
Cubefunder will visit you at your place of business before releasing your funds.
You can expect to receive your loan within 24 hours of its site visit.

» MORE: How to get a business loan

Review methodology

At NerdWallet UK, we base our reviews and our ‘Best’ pages on the results of surveys we undertook about what was important to people who use these products. This allows us to look at products impartially of any commercial arrangements we have and fairly rate the products on the same set of criteria.

Best means our ‘Best’ and is based only on what products we have aligned to our surveys, which form the basis of our reviews and ratings. This means that there will be other products on the market that we have not included in our ‘Best’ pages. Best does not mean it’s best for you, nor does it mean the ‘cheapest’.

Our reviews may display lenders’ rates. This additional information has not been included in our evaluations but is still very important when choosing a product. Rates offered can depend on circumstances, amount and term. Always check details before proceeding with any financial product.

Product details reflect the information that was available at that time but may have changed since. We strive to give you a review on as many products as possible, but there will be products not included on the market. The review is our opinion, but it does not constitute advice, recommendation or suitability for your financial circumstances.

While we try to provide you with accurate information, the providers can change the terms of their products at any time, therefore it is advisable to check the terms before you proceed.

You can view our full review methodology here.

Cubefunder Business Loans Review: Pros, Cons & Features