Cubefunder vs Bizcap: a small fixed-cost loan against a bigger, faster, less transparent one

Who Cubefunder actually is

Cubefunder is the trading name of Tallaght Financial Ltd, a company incorporated in October 2014 as Fairfield Finance and renamed in February 2016, run from Thames Side in Windsor by chief executive Gary Miller-Cheevers, who holds between half and three quarters of it. Its footer states that Tallaght Financial is authorised and regulated by the Financial Conduct Authority under reference 786297, which matters here because its sole-trader loan is a regulated agreement carrying a published representative APR; we have not read the permissions behind that number on the register. It says it has funded 3,500 businesses, and on 31 July 2026 it announced that it had passed £110 million of lending. Its other scale signal is football: Official Gold Partner of Queens Park Rangers in 2025, training-wear sponsor, and from June 2026 the club's official sleeve sponsor for the 2026/27 season.

The product is deliberately small and simple. Limited companies registered in England or Wales borrow £5,000 to £100,000 over 3 to 12 months as a new customer, longer once there is history. There is no APR on that loan; Cubefunder's line is no confusing APR, just a fixed cost of credit, priced per case from the risk and the bank statements. The repayment mechanism is the part most pages skip: the fixed cost and the principal are divided by the number of working days in the term, and that amount is deducted from the company's bank account every working day, Monday to Friday. Weekly schedules are also available. Homepage copy quotes an indicative cost per working day rather than a monthly figure.

Three published positions set it apart from Bizcap. It will not charge late fees if an overrun is agreed with it in advance. It excludes accountants, financial services firms and debt collection agencies. And it runs a separate loan for sole traders in England and Wales, £5,000 to £10,000, with a representative APR of 45.5%, which is the only published cost figure on either lender's site and is worked through below. Our Cubefunder review covers the rest.

Who Bizcap actually is

Bizcap's group was founded in Australia in 2019 and now lends in New Zealand, the UK, Singapore and Europe; its UK homepage claims over £3 billion funded globally across more than 100,000 loans, while an older page on the same site still says £900 million and 42,000, so treat the totals as direction rather than audit. The UK company is the part to look at closely. Bizcap Limited was incorporated in January 2023 as Finbiz Funding Limited, renamed in July 2025, and launched in the UK in April 2024. Its Companies House register of persons with significant control lists three individuals, US nationals resident in Puerto Rico, each with 25% to 50%; there is no Australian corporate parent on the UK register. Its footer describes its Financial Conduct Authority registration as being for anti-money-laundering purposes only.

Against Cubefunder's one small loan, Bizcap has a shelf. Fast Business Loans of £5,000 to £150,000 from four months of trading and £12,000 a month, approval in as little as three hours, funded that day. Small Business Loans to £500,000 on the same criteria. Secured loans of £30,000 to £1,000,000 from five months of trading, funds in 48 hours. A Line of Credit to £500,000 from nine months and £20,000 a month. Bridging of £150,000 to £1,000,000 for up to 12 weeks against owned property, funds in 72 hours. In December 2025 it announced a £1 million ceiling across its term loan and line of credit, and in January 2026 it lifted its low-document cap to £300,000.

It publishes no price. Pricing is a fixed fee applied over the term, set by creditworthiness, duration and purpose, plus an establishment fee agreed upfront. An initial offer comes without a credit check; bad credit and existing loans are accepted in so many words; businesses that got less than they hoped elsewhere are invited to apply for more. Repayments are daily or weekly direct debits, excluding weekends and holidays. Above £30,000, Bizcap takes a charge over the assets of the borrower and its guarantors. Our Bizcap review has the full list.

What you actually pay

Neither publishes a rate for the loan a limited company would take, so start with the structures, which are more alike than either lender's marketing admits. Both fix the total at the outset. Cubefunder calls it a fixed cost of credit; Bizcap calls it a factor rate and adds an establishment fee. Both collect it in small fixed slices on working days. And because the total is fixed, the effective annual cost of both depends on the term: the same fee over six months costs twice the annual rate of that fee over twelve, which is the trap our factor rate versus APR page exists to explain.

Cubefunder's working-day mechanic is worth doing the arithmetic on before any cost is added. A six-month loan has around 126 working days (six months of roughly 21). On £30,000 the principal alone is about £238 leaving the account every working day; on £60,000 over twelve months (about 252 working days) it is about £238 again. Add the fixed cost on top and that is the daily figure Cubefunder quotes on its homepage. Bizcap's daily debit works the same way, minus weekends and holidays. The question to ask both is not the rate but the daily figure, and whether the till covers it on a wet Tuesday in February.

Early settlement is where the fine print differs. Cubefunder says you can settle at any time without an additional fee, and says nothing about whether the fixed cost comes down when you do. Bizcap says it will not penalise early settlement and will reward it with a discount, which sounds better until you notice the discount is agreed per case and appears nowhere in writing until you ask. On a fixed-cost product, an early settlement that does not reduce the cost is not a saving; get the position stated in the offer at either lender. Our cost calculator turns a fixed total into an equivalent annual cost for the term you actually take.

The one published number is Cubefunder's sole-trader product: £5,000 over 24 months at 30% fixed a year, 24 payments of £320.83, interest £2,700, total £7,700, 45.5% APR representative. That is a regulated agreement, which is why the APR is there at all. It is not the price of the limited-company loan, and we have not seen anything published that says the two are priced alike. It is the honest ceiling of what can be said about Cubefunder's cost from public sources.

Who gets approved

Cubefunder's bar is three months of trading and £4,000 of monthly revenue, evidenced by bank statements; no business plan, no budget. Poor personal credit is not a bar where the business can afford the repayments, and pre-revenue start-ups are out. The gate people miss is geography: limited companies registered in England or Wales only, so a Scottish or Northern Irish company is outside its published scope however strong the trading. The other gate is sector: accountants, financial services and debt collection agencies are excluded. A personal guarantee is required from each controlling director for new customers, so a company with three active directors is signing three guarantees. Cubefunder also says outright that it can be a secondary source of financing.

Bizcap's bar is four months and £12,000 a month for the loans, five months for secured, nine months and £20,000 for the line of credit, anywhere in the UK, and it goes further than Cubefunder on the credit file: an initial offer without a credit check, a hard search only if you proceed, bad credit and existing loans accepted, stacking welcome. Its security is heavier. Personal guarantees may be taken from directors and, above £30,000, Bizcap takes a charge over the assets of the borrower and its guarantors, which is more than a guarantee and can complicate later asset finance.

Read together: a business turning over £4,000 to £12,000 a month has one door between these two, and it is Cubefunder. A business registered in Scotland or Northern Ireland has one door, and it is Bizcap. An accountancy practice has one door, Bizcap. A sole trader has one door, Cubefunder, and only to £10,000. The rest is decided by the offers. Our personal guarantee guide explains what each director is signing at either.

How fast the money lands

Bizcap publishes the faster claims and they are the fastest on our panel: approval in as little as three hours and funding the same day on the fast loan, 24 to 48 hours on the small business and secured products, 72 hours on bridging. The low-document route up to £300,000 is what makes those numbers possible.

Cubefunder's are modest by comparison and, in the cases we arrange, more predictable: an application it says takes under a minute, a call back within 30 minutes, and funds within 48 hours, which its FAQ restates as fast as two working days. Because the assessment runs on bank statements rather than accounts, a company with a clean feed moves at that pace; one that has to explain a lot of transfers does not. For a deadline measured in hours, Bizcap. For a deadline measured in days, either.

The bit nobody mentions

Cubefunder's no-late-fee promise has a condition in its FAQ that the homepage leaves out: it applies as long as the overrun is pre-agreed. Call before the payment fails and there is no charge; let it bounce and the promise no longer covers you. That is still rare and useful in this market. It is not a licence to miss payments, and the personal guarantee behind the loan does not soften.

Bizcap's is the shape of the company behind the UK brand. A £3 billion global claim, a £1 million UK ceiling and a 24-review UK Trustpilot profile (3.8, from a search snippet) describe a large operation with a very young British footprint, owned by three individuals overseas. None of that is a reason not to borrow from it. It is a reason to read the loan agreement, especially the asset charge above £30,000, with the same care you would give a bank's. We cannot quote a Trustpilot score for Cubefunder, because the snapshots we could read disagree with each other (4.5 from 107 on its own widget, 4.4 from 78 and 4.0 from 70 elsewhere), and we would rather say nothing than pick one.

Worked examples

Neither lender publishes a rate for its limited-company loan, and we are not going to invent one. The only published cost figure between them is the representative example on Cubefunder's regulated sole-trader product, so that is the worked example. It is Cubefunder's own arithmetic, reproduced, with the working-day mechanic of the limited-company loan described in the cost section above.

Who fits where

Concrete cases against each lender's published criteria. The likely fit is where the case usually lands in the deals we arrange; the lender still makes its own decision.

General information on how the lenders differ, not a recommendation. We arrange finance; the lender decides, and you choose.