Frequently Asked Questions

Below is a list of the most common questions we receive and our response. However, if the below does not answer your question sufficiently or you have any other query, then please email us at contact@cubefunder.com or call 020 3137 2417.

Q: What credit checks do you carry out?

A: We check company and consumer credit information through the main UK credit reference agencies, so we can offer you the best product. Our search is recorded as a ‘soft footprint’, so it does not have any adverse effect on your credit rating.

Q: How much does a Cubefunder business loan cost?

A: Each loan is priced individually with a fixed cost of credit and a pre-agreed tailor made repayment plan designed to suit your business’s cashflow variances.

Q: Can you lend if our credit record is not less than perfect?

A: Yes. Cubefunder always lends responsibly, and therefore we need to see that you can afford repayments. We also urge you to seek professional advice before taking on a loan commitment.

Q: What happens in the event of late or missed payments?

A: Our loans carry a fixed cost of credit, so provided you repay the amount due within the period agreed, there are no additional costs. If you overrun, as long as this is pre-agreed, again we will not charge any late fees. We are always available to discuss any change in circumstances that you may encounter.

Q: Are any business types excluded from applying?

A: No. We consider all applications individually.

Q: Is there any loan purpose excluded?

A: As long as the loan is for a valid business purpose, we will consider the application.

Q: What’s the minimum and maximum loan and how long can we borrow for?

A: Minimum: £5,000, Maximum £100,000. The minimum term is 3 months, maximum 12 months.

Q: Is there any loan purpose excluded?

A: No. We consider all applications individually.

Q: Can we pay off early?

A: Yes. If you want to repay early, we will recalculate the loan charge to reduce the amount to be repaid.

Q: How are CubeFunder loans repaid?

A: The total fixed cost of the loan is divided by the number of working days in the loan term (for example, a 6 month term has 126 working days), then that amount is deducted from your company’s bank account on each of those days. However, if your business experiences regular spikes in revenue at certain times each month or each week, we can flex your repayment programme to repay less each day, and a bit more on the days when revenue is better. We work with you.

Q: Do you take control of our card revenue like some other lenders do?

A: No. Your revenue is your revenue.

Q: Do you have a complaints process?

A: Yes. Please click this link for details

Q: Can we take out a loan if we have other financing in place.

A: Yes

Q: Do you take security?

A: No

Q: Do I need to give a personal guarantee (also known as a PG)?

A: A personal guarantee is not always required.

Q: How much does a CubeFunder business loan cost?

A: Each loan is priced individually with a fixed cost of credit and a pre-agreed tailor made repayment plan designed to suit your business’s cashflow variances. Our rates start at 2.5% pm

Q: Who is consents.online, and how do I know if I can trust them?

A: Consents.online is a third party app which keeps you safe when you are sharing your bank transaction data with third parties. Consents.online is registered with, and regulated by, the FCA in order to offer their service through Open Banking. Their FCA registration number is 792642, and will only be able to access your data if they have your explicit consent to do so. They are required to meet certain strict criteria to be registered with the FCA. They also have to comply with the security standards that underpin Open Banking. The security of your information is ours and their top priority. Your information is always safe and secure. They use the same 256-bit encryption and physical security that your banks uses to keep your data secure. Nobody can ever see your banking details and they are immediately encrypted.
We are only permitted ‘read-only’ access. This means we can only see your bank transactions and nobody can make any changes or payments using your details. www.consents.online