
Today’s News

Sole Trader Applied for a Feeder Account in July 2020 with HSBC By the Day of the Scheme Ending March 31st, 2021, They Hadn’t Processed It So He Missed Out – Ombudsman Awards Him £500 Compensation As He Says Having Looked At His Tax Return, He Didn’t Qualify for a £50k BBL Anyway
The title of this BBL related complaint gives you an idea of what the case revolves around, perhaps the applicant made a mistake or could have applied elsewhere for a BBL if HSBC had done things on time, who knows, anyway have a read, and see what you think about it. […]
Abuse of the BBL Scheme

Guide to Director Disqualifications Including the New Category of “Abuse of the Bounce Back Loan, CBILs and CLBILS Schemes”
I have put together this guide to give you an insight as to the reasons a Company Director will be hit with a disqualification and why they will be handed one and the length of the disqualifications that can be given out, including any Company Director found to have abused the Bounce Back Loan and/or the CBILs, CLBILS Schemes. […]

Guide to Bankruptcy and Debt Relief Restrictions Orders and Undertakings Handed Out to Sole Trader and Individuals Including for Wrongdoing Related to Abuse of the Bounce Back Loan Scheme
This Guide to Bankruptcy and Debt Relief Restrictions Orders and Undertakings looks at what happens when a Sole Trader or an Individual takes the bankruptcy route, and what can happen if any wrongdoing is discovered including abusing the Bounce Back Loan scheme. […]

Bounce Back Loan Abuser Tracker – Current Total: 596 BBLs Worth £21,499,453.30
The number of Bounce Back Loans that have so far gone sour is of course constantly rising in number, and will continue to do so for weeks, months and years moving forward. I have been […]
Police BBL Investigations

Door-Kicking Bounce Back Loan Police Squad Appear in Dunmow and Ilford and Arrest Two People for Conspiracy to Commit Fraud and Money Laundering Offences
Two more being have been bundled off by the Bounce Back Loan police squad, this time over in Ilford and Dunmow. […]

Mad Dash to Heathrow Airport by the Bounce Back Loan Door Kicking Police Team to Arrest Two People for Alleged BBL Fraud Who End Up Being Bailed
You just never know where they will turn up next, and here is a case involving the Bounce Back Loan door kicking police squad which saw them make a couple of arrests at Heathrow Airport. […]

Bounce Back Loan Police Door Kickers Head Up Yorkshire Way and Arrest a Man for Applying for Multiple BBLs
They have been out in force again, this time the BBL Police Team have been out and about in the Yorkshire and Humberside area. […]

One Person Fled the UK To Avoid the Bounce Back Loan Fraud Squad But Four of Their Alleged Conspirators Get Arrested
Bradford is another town that the door kicking Bounce Back Loan fraud squad visited recently as part of their investigations into yet another BBL scam, and whilst there they carted of several people who allegedly bagged at least £150k in BBLs. […]

Local Council Business Grant Fraud and BBL Fraud Continues to Be Investigated With An Alleged Stockport Based Fraudster Being Arrested
You just never know where the Bounce Back Loan and Business Grant fraud investigation team are going to visit next, and today’s case looks at a recent visit to Stockport by that team who carted of a woman they suspect of blagging £10k. […]

Alleged Blackburn Based Business Grant Blagger Gets Their Collar Felt By The BBL Fraud Squad
The police department set up to investigate Bounce Back Loan fraud are also tasked with investigating local council business grant fraud too, and they certainly have their work cut out with so many people having tried to rip off the various grant schemes that Rishi put in place, and Blackburn is another town they recently visited as today’s case reveals. […]
The Things They Say

The Often Bumbling and Befuddled Looking Tom Scholar From HM Treasury Announces Much Higher Bounce Back Loan Scheme Suspected Fraud and Error Figures Than The Banks
As you will see in the following correspondence made public today, HM Treasury is estimating much higher fraud and error figures in the Bounce Back Loan scheme than the actual BBL lenders, who are eager […]

CEO of The British Business Bank’s Latest Correspondence with the Commons Treasury Committee About Fraud and Errors in the Bounce Back Loan Scheme
Here is the response of the CEO of the British Business Bank to questions posed about the Bounce Back Loan Scheme at a recent Treasury Select Committee meeting.

Tom Scholar Confirms His Arch Enemy Lord Agnew Was Right and a Slew of BBL State Guarantee Claims Will Have Landed at the British Business Bank Two Days Ago
Lord Agnew sure did reveal all manner of nonsense surrounding the powers that and the Bounce Back Loan scheme recently, and word has it he hasn’t finished dishing the dirt. After his resignation as the […]
Cases of BBL Wrongdoing

Insolvency Service Use the “New Rule” To Hit Company Director With an 8 Year Ban For Over-Estimating His Turnover By Over 25% of the Permitted 25% Permitted by the BBL Scheme
Bagging a £33k Bounce Back Loan from NatWest by claiming his turnover was £133,000 when it was in fact £1,169 sees a Company Director given an 8-year ban for taking the insolvency route and leaving that BBL still owing. The turnover he used turned out to be for an associated company registered in another country. […]

Company Director Blags Two £50k Bounce Back Loans for One Single Business and Along With His Failure to Keep and/or to Maintain Adequate Accounting Records Gets a 10 Year Disqualification
The rules of the Bounce Back Loan scheme stated that you could have as many BBL’s as you had eligible separate businesses, one for each business, as long as they were not part of a holding company at the top of the structure, in fact the record I am aware of is 36 BBLs to one multiple business owner. However, today’s case is regarding a Director who got two £50k BBLs for one single Business. […]

5 Year Disqualification for Failing to Maintain and/or Preserve Adequate Accounting Records Which Meant Insolvency Service Unable to Work Out if a Local Council Covid Business Grant Was Used as a Legitimate Trading Expense
Today’s case of a Company Director getting a 5-year disqualification when winding up his business, involves a Local Council Covid Business Grant which is the first time I have seen one listed as part of the reason for that long disqualification. […]

5 Year BRO for Indian Takeaway Owner Who Transferred a £50k BBL to a Family Member for No Apparent Reason – 8 Year BRO For Man Who Secured a £50K BBL for a Partnership That Had Ceased Treading Before the BBL Scheme Launched – Co-Directors Hit with a 7 Year Disqualification
A mix of Ltd Company Directors, Sole Traders and even those who do not own a business but who obtained a Bounce Back Loan are winding up their businesses or declaring bankruptcy and are being hit with disqualifications or BRO’s if the Insolvency Service determines skulduggery regarding […]

Using £5k of a £50k Lloyds Bank Bounce Back Loan for a Personal Mortgage Payment at the Halifax and Paying £45k To Himself Having Over-Egged His Turnover in the First Place When Applying for that BBL Results in a Company Director Getting a 9 Year Disqualification
Overstating the turnover of a business to get a Bounce Back Loan and using any of that loan for personal benefit is always going to see the Insolvency Service getting rattled and handing out a long disqualification if that business ends up in liquidation. Today’s case ticks all of those boxes and saw a Company Director hit with a 9-year disqualification. […]

6 Year Disqualification for Company Director Who Took Out a £50k BBL and Made Payments Benefitting Himself or a Connected Company When He Should Have Known or Knew the Company Was Insolvent
There is no let up regarding the number of Company Directors being hit with disqualifications when they have been found to have done some form of wrongdoing with a BBL and here is another case which resulted in a 6-year disqualification. […]
It is a task I did not want to do, however as more and more businesses are sadly being forced to go to the wall with a Bounce Back Loan owing, I am keeping a count of the Sole Traders and Company Directors that I come across that have been forced to wind up their business and also the ones that have been slapped with a Bankruptcy Restrictions Order (BRO) or Disqualification by the Insolvency Service due to BBL “wrongdoing” and the value of the BBLs that have gone sour. The list is ever growing and the reasons for the BRO or Disqualification do vary. You can find an overview of each case HERE.
Ombudsman BBL Complaints

Hayley West the Ombudsman Decides That Clydesdale Bank Were Within Their Rights to Snatch Back a Bounce Back Loan for Reasons That Must Remain Secret
The murky world of Bounce Back Loans continues to amaze the British Public, with stories of dodgy BBLs being handed out to drug addicts and even criminal gangs now becoming an almost daily occurrence. That saga will of course continue to get worse moving forward, with plenty of additional scandals yet to be revealed, but today […]

CBILS Refusal by Santander Led to Customer Who Finally Secured a BBL Elsewhere Complaining to the Financial Ombudsman Who Decided that £350 Was Fair Compensation
This is another complaint related to a customer of a major bank, that being Santander being refused a Government guaranteed loan (CBILS), the customer managed to get a Bounce Back Loan from another lender and the Ombudsman decided that £350 was fair compensation in this case. […]

NatWest Snatch Back Two Bounce Back Loans from an SME – Ombudsman Says That The Bank Was Entitled to Do So But Makes a Glaring Error in Their Ruling
Having had two Bounce Back Loans snatched back by NatWest, a Company Director sent in a complaint to the Ombudsman which initially was not upheld by the caseworker tasked with ruling on the case. He then appeals that decision and Hayley the Ombudsman then reviews it and says the initial ruling stands. However, as you can see in the ruling, Hayley does make a glaring mistake […]
The Financial Ombudsman Service is for want of a better word a joke, they won’t like me saying that, but I speak as I find, and it is the truth. Many, many people have submitted a Bounce Back Loan related complaint to them, and initially it will be dealt with by a “case handler” if you do not like the decision/ruling on your complaint you can then ask for a review, and by doing so it will then finally go to a real “Ombudsman”. Anyway, if you want to see all published FOS BBL related complaints and outcomes click HERE.
BBL Related FOI Requests

How Many Bounce Back Loans Has Funding Circle Approved?
I am posting up each and every FOI request that I have been given access to that was sent to the British Business Bank regarding Bounce Back Loans, along with the reply to each of […]

Annual Lending Limits and Limit Increases for BBL Lenders
This FOI Request asks the British Business Bank a range of questions relating to lending limits and limit increases for their accredited Bounce Back Loan Lenders. This was sent into the British Business Bank on […]

FOI Request and Reply to the BBB About the Legal Agreement in Place with RBS in Relation to CBILS
Here we have another FOI request along with the reply from the British Business Bank and this one is asking to see the legal agreement in place with the Royal Bank of Scotland for their CBILS facility. […]
Trying to get information out of the British Business Bank or even BEIS about the Bounce Back Loan Scheme can be difficult. One way you can try and do so is by submitting a Freedom of Information Request. That is something I regularly do. However, one tip is to ask them for every FOI request they have received and the replies they have sent out, you can connect the dots much better then. Checkout a selection of those FOI’s HERE.
True Cost of BBL’s

A Total of 65 People Have So Far Been Arrested for Alleged Government Backed Loan Fraud / Local Authority Grant Fraud with the Government Having Paid Out the Guarantee to Lenders on 155 BBLs and 113 CBILs “Suspected” Borrower Fraud Cases
Trying to make sense of who out and out defrauded the Bounce Back Loan and CBILs schemes, along with ripping off the Local Authority Business Grant schemes is going to take quite some time, however plenty of people have already been arrested for such crimes. So far a total of 65 people have been arrested for […]

The True Cost to Business Owners of Rishi Sunak’s Bounce Back Loan Pay As You Grow Options Revealed – A Whopping £420,750,801 In Extra Interest With That Figure Set To Rise
You may remember Rishi Sunak doing the rounds recently on TV news channels and on radio too, reminding everybody with a Bounce Back Loan his “brilliant” Pay As You Grow options were available. He seemed […]

BEIS Annual Report Confirms Bounce Back Loan Lenders Could Deprive NHS of Up to £92.8m By Keeping Erroneous and Fraudulent BBL Bip Payments
I recall the boss of one bank that offered Bounce Back Loans giving a speech about how her bank was going to be tough on fraud regarding BBLs as she did not want the NHS […]
Compensation Files

If You Have Had Access to Your Bounce Back Loan Blocked, Then Unblocked Due to a BBL Lender Messing You About Be Aware That the Ombudsman Is Making Compensation Decisions Based On Loss of the Interest Free Period
It looks like Jenny Lomax an Ombudsman at the Financial Ombudsman Service is finally getting to grips with the complexities of the Bounce Back Loan scheme, when customers complain to her about banks messing them about. As this case proves, she took into account, and boosted the compensation initially awarded due to a customers BBL being blocked for a month, and them losing one month’s worth of the interest free period. […]

Did You Experience One of the Many Technical Problems with Metro Bank When Applying for a BBL? Make Sure You Claim for Compensation – The FOS Have Agreed Its Due to Some People
It is good to see some Financial Ombudsman Service BBL related complaints being properly investigated, and compensation being awarded to those affected by all manner of different problems when they applied for or were trying […]

If You Were One of the 3000+ People Declined a Bounce Back Loan from Starling Bank and It Was Due To a Bad Credit Rating If You Complain There Is a Good Chance You Will Be Compensated
I remember that horrendous Friday night way back in the early days of the Bounce Back Loan Scheme when Starling Bank declined en masse 3000+ people for a Bounce Back Loan, I can never forget […]
Bounce Back Loan Rabbit Hole

Sole Trader Applied for a Feeder Account in July 2020 with HSBC By the Day of the Scheme Ending March 31st, 2021, They Hadn’t Processed It So He Missed Out – Ombudsman Awards Him £500 Compensation As He Says Having Looked At His Tax Return, He Didn’t Qualify for a £50k BBL Anyway
The title of this BBL related complaint gives you an idea of what the case revolves around, perhaps the applicant made a mistake or could have applied elsewhere for a BBL if HSBC had done things on time, who knows, anyway have a read, and see what you think about it. […]

Failure By HSBC to Update the Error Riddled Bounce Back Loan Database Resulted in Problems for a Business Owner Getting a BBL From Another Lender the Ombudsman Decides £400 in Compensation is Deemed Fair
It became apparent to many people that the so called BBL database that was set up many weeks after the BBL scheme was launched to add another level of protection to banks against fraudulent and duplicate applications was error riddled. This case somewhat proves that beyond all reasonable doubt. […]

Ombudsman Does Have the Power to Force a Bank to “Replicate” a Bounce Back Loan Even Now That the Scheme is Closed If That Bank Made Errors When You Applied Leading to You Not Getting One
An interesting insight today into getting a “replica” Bounce Back Loan even though the scheme is now closed, if you have a complaint about a bank messing you about, declining your application unfairly or making errors warrants the […]
If you fancy immersing yourself in Bounce Back Loan madness, scandals, and a whole lot more, then feel free to check out my Premium Content. With hundreds of pages of new stories, updates and things that may surprise or even shock you, then venture down that rabbit hole HERE.
Bounce Back Loan News Updates

Sole Trader Applied for a Feeder Account in July 2020 with HSBC By the Day of the Scheme Ending March 31st, 2021, They Hadn’t Processed It So He Missed Out – Ombudsman Awards Him £500 Compensation As He Says Having Looked At His Tax Return, He Didn’t Qualify for a £50k BBL Anyway
The title of this BBL related complaint gives you an idea of what the case revolves around, perhaps the applicant made a mistake or could have applied elsewhere for a BBL if HSBC had done things on time, who knows, anyway have a read, and see what you think about it. […]

HSBC Declined a Customers BBL Application He Then Submits a Second But Amended One They Toss It Aside Without Reviewing It Thinking it Was a Duplicate – Ombudsman Says He Can Have £100 Compensation For the Bank Says They Would Have Declined the Second One If They Had Properly Assessed It Anyway
Missing out on a Bounce Back Loan due to bank errors and a lack of information from them was something no end of people experienced during the BBL scheme, and this case highlights the stress and suffering caused by banks such as HSBC. […]

Five More Sole Traders and One Individual Hit With Bankruptcy Restrictions Orders For Bounce Back Loan Wrongdoing Including One Who Blew His Playing the Lottery and One Who Wasn’t a Sole Trader at All
£193,000 spread over six Bounce Back Loans have been wasted by those named below, who, instead of using their loans for the economic benefit of their businesses, spent it playing the lottery, gambling or over-egged their turnover and one who was not even a sole trader. […]
I update this website daily with all manner of Bounce Back Loan related articles and news stories, if they do not fit into any of the other categories or overlap two of them you will find them all HERE.
500+ Stories of BBL Stress and Anguish

NatWest Bank Why the Ongoing Delays?
Are Natwest literally the worse bbl bank ever? Given up hope I only have two accounts , one with Natwest one with HSBC Grrrrrrrrrrrrrrrrrrrrrr Natwest really are an absolute joke of a bank!!! Sorry got […]

Technical Problem With Metro Bank But They Sorted It Out
THANK YOU SO MUCH FOR YOUR ENCOURAGEMENT AND ADVICE. I would have given up hope a long time ago if it wasn’t for your page and the people I have met on your feeds. After […]

Hope I Don’t End Up Waiting Weeks for NatWest
Hi, just wanted to say what a great job you’re doing, it’s good to hear some “real” experiences, I’ve applied myself either natwest this week, they wanted me to open a feeder account and I […]
My “Twitter Vault” dates back to when the Bounce Back Loan Scheme was up and running. You will find complaints, stories of success and all manner of feedback relating to hundreds of SME’s personal experiences of trying to get a BBL. I have of course edited out any personal information. Just be aware some of the stories are distressing, but I feel they need to be put out there as many of you will relate to them and will know just how much of a stressful time it was for many people trying to get one of those loans at the time, and the state of mind many of you were in when applying. The Twitter Vault is HERE.
Bank Bosses Have Their Say

Bank Bosses Say the Craziest Things Episode Two “We had no handbook”
In the second episode of my series of videos in which you can see just what bank bosses have said to Members of Parliament, the one below will enlighten you on what the boss of […]

Bank Bosses Say the Craziest Things “New Guarantee Loan Scheme Immediately After 31st of January”
I knew I should have given this new section of the website a different title, for today’s “Bank Bosses say the craziest things” video should be called “MP’s say the craziest things”, for that is […]

Bank Bosses Say the Craziest Things Episode 10 “Starling is Prepared to Back Other FinTech’s”
Aha, good news for you today, I have just uploaded another of my Bank Bosses Say the Craziest Things videos, now control your giddiness, let me tell you what it is about. Way back on […]
Being hauled in front of the Public Accounts Committee or the Commons Treasury Committee is something no bank boss will enjoy. They are often put on the spot and have all manner of questions fired at them by MPs. Come and take a look at some of the questions several bank bosses have been asked about the running of their BBL facility and how they stumbled, fumbled, and even mumbled their way through their answers HERE.
Snouts in the Trough

Alok Sharma’s Unusual Ramblings About Renting Clothes Makes More Sense Now as the Stories are Flowing of Carrie Johnson Twirling Around in Them and there are links to Dodgy Dave
As it is a Sunday and little happens in the world of Government backed loans or grants, I will today be looking at Alok Sharma’s recent ramblings on renting clothes and buying second-hand clothes as a little more information has come to light, involving the wife of Boris Johnson and David Cameron which explains Alok’s possible eagerness to promote such things. […]

Lord Agnew Not Only Voted Against More Protections for Bounce Back Loan Borrowers But Even Has Shares in One of the BBL Lenders
Those of you who have been reading my updates for some time will recall I did send in a complaint to the Commissioner for Standards regarding several Members of the House of Lords who voted […]

Investec Now Accredited to Offer Recovery Loans and Would You Believe Andrew Mitchell MP (“Plebgate”) is a Senior Advisor Earning £12k a Year for Two Days Work
The list of MPs and Members of the House of Lords that have links to firms accredited by the British Business Bank to offer Government Guaranteed Loans gets bigger each time another one is accredited. Today I bring news of Investec the latest Lender to get the greenlight from the BBB to offer Recovery Loans and links to Andrew Mitchell MP. […]
Sleaze has made a reappearance in HM Government, not that it ever went away of course. My Snouts in the Trough Section of the website takes a look at MPs and Members of the House of Lords who have links or financial interests in Government Backed Loan Lenders, come and take a look HERE.