News Ticker
April 18, 2021

Today’s News

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CBILs / BBL Lender Allowed to Continue to Operate and Process Loans with Fatally Flawed Online Banking Platform – Did the British Business Bank Know and/or Cover It Up?

With all the alleged cover-ups and alleged sleaze swirling around the Covid Loan Schemes, and with the British Business Bank soon to be under investigation over any “dealings” in the Greensill affair leaving a bad taste in the mouth, today I will be laying out another scandal that has been playing out for months, and no one seems to care. […]

Rishi’s Rancid Racket

Rishis Rancid Racket

British Business Bank Allow Santander to Only Offer Recovery Loans to Their High Risk Corporate Clients So UK Taxpayers Take Most of the Risk

It would make sense to allow banks to cherry pick their own customers if they were lending out their own money and taking on all risks when doing so. But let us not forget that Recovery Loans do have an 80% Government Guarantee, so taxpayers are backing them.

Once again, all on Rishi Sunak’s watch too, the British Business Bank are allowing yet another bank to do as they please with their Recovery Loan facility, and this time it is the turn of Santander to take the Mickey. […]

Rishis Rancid Racket

The Tricks Barclays are Pulling, You Guessed it, With the Approval of the British Business Bank to NOT Let You Apply for a Recovery Loan

I have yet to hear of anyone approved for and paid out a Recovery Loan, which speaks volumes at just how successful that scheme will be at helping SMEs recover. But once you discover the underhand tactics that Barclays are using to put off or decline those applying all will become clear, with the approval I must add of the British Business Bank. […]

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CBILs / BBL Lender Allowed to Continue to Operate and Process Loans with Fatally Flawed Online Banking Platform – Did the British Business Bank Know and/or Cover It Up?

With all the alleged cover-ups and alleged sleaze swirling around the Covid Loan Schemes, and with the British Business Bank soon to be under investigation over any “dealings” in the Greensill affair leaving a bad taste in the mouth, today I will be laying out another scandal that has been playing out for months, and no one seems to care. […]

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Details of the “Dodgy Database” I Hope the National Audit Office will Revisit as Part of Their Announced Investigation into British Business Bank over the Greensill Affair

This news update may be helpful to those of you who may have been declined a Bounce Back Loan due to the failure of the British Business Bank, to, in my opinion, play fair and be open and honest to people, as there is still time to get that decline overturned if you were caught up in the scandal I will reveal below. […]

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BEIS, British Business Bank and Their Accredited Lenders and Gobby Lib Dem MP Now “Fully Aware” of the Problems Naming BBL Recipients Will Cause

Some good news to report, my publication of the FOI Request reply from the British Business Bank giving their devastating and dire warnings into the dangers of publishing the names/details of all businesses who got a Bounce Bank Loan or CBILS/CLBILS has caused something of a kerfuffle, and it is being urgently addressed. […]

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BEIS Panic Stricken as Paul Scully Gleefully Boasts About Planned UK Transparency Database Website That May List Full Details of Everyone with a BBL

Bumbling Paul Scully, the somewhat unkempt buffoon from the Department for Business, Energy & Industrial Strategy still cannot tell you if your business details and possibly your personal details will be splattered all over an EU website.

But he appears very eager that they should be published on a new UK Transparency Database website, despite a dire warning from the British Business Bank that to do so will destroy many business, undermine confidence in banks and may put off those wanting to access the BBB schemes in future, and may even negatively affect the share price of companies. […]

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British Business Bank Confirm Lib Dem MP’s Pressure and the BEIS Wicked Scheme to Publicly Name Those Who Got a Bounce Back Loan Could Destroy Those Businesses

Some shock admissions were revealed in the Commons yesterday in an “Urgent Question” debate about David Cameron, Greensill, Rishi and the Government, one being both BEIS (Department for Business, Energy & Industrial Strategy), and a Lib Dem MP, against the warnings given by British Business Bank, appear to want to name all those who got a Bounce Back Loan. Here are the documents. […]

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An Insight Into the Santander Recovery Loan Application Form – As They are Being So Secretive

As Santander are proving to be somewhat secretive, and having seen the horrific letters they are sending out to people they gave BBL’s to, snooping around their accounts and demanding to know as good as, what’s this, what’s that, where’s that/this etc, below for my subscribers, (once again many thanks to all of you, your support helps me do what I do), here are their Recovery Loan application forms for you to peruse. […]

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Recovery Loans – One Week In and What Have We Learned?

We have certainly learnt over the past 7 days that anything to do with Government backed loans is a dirty, filthy, and murky world which goes right to the heart of said Government. In this article I will give you an idea of what they, the British Business Bank, and the lenders themselves have been up to regarding Recovery Loans over the last week, I should warn you its not pretty. […]

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The British Business Bank YOU Pay For Are Compiling Guidance for Brokers Who Feast on Commissions and Fees

It gets worse dear website visitor it really does, below you can view in full the Recovery Loan Scheme (RLS) Intermediary (Broker) Guidance the British Business Bank YOU pay for have helped compile. It shows “Brokers” how to earn a healthy commission/fee for “helping” you get a Recovery Loan, the British Business Bank appear to be very chummy with those Brokers, and are eager for them to earn that commission/fee. Why are the British Business Bank YOU pay for not helping SME’s instead? […]

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Hourly Updates on Day One of the Recovery Loan Scheme

As promised to my subscribers, this is where I will be putting my hourly updates on the launch of the Recovery Loan Scheme. Trying to keep track of the scheme on Social Media will be a nightmare, as too will trying to contact a bank for updates, it was on day one of the BBL scheme, hence these updates. […]

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Example of a Barclays Bounce Back Loan Complaint Sent to and “Resolved” by the Ombudsman – “Error 41” Complaint

Currently there is a huge backlog of complaints regarding Bounce Back Loans in with the Financial Ombudsman Service. It is true and fair to say, that it is going to take them ages to work their way through them all, and in typical fashion, the boss of the Financial Ombudsman Service legged it out the door so to speak recently and resigned […]

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Worried About Consequences of Transferring Your BBL Funds to Another Bank? Don’t Be!

The one question I did get asked a lot during the lifetime of the Bounce Back Loan scheme, was “shall I transfer it out” when the funds finally dropped into an applicant’s bank account. Now you may ask yourself why someone who had just secured a Bounce Back Loan would want to move it to another account, well one reason was many banks had acquired a track record for approving BBL’s, paying them out to customers then out of the blue snatching them back. […]

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Two Bounce Back Loans for the Same Business! The Juicy Bits Revealed!

The rules of the Bounce Back Loan scheme did of course keep on getting changed as the scheme progressed and lockdowns continued.

However, when the scheme initially launched there was no system in place for a lender to check if one business owner had applied for and had been approved for and then had been paid out a Bounce Back Loan for their business. […]

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