You will be amazed by the sheer brass neck of some of the British Business Bank accredited Recovery Loan Lenders, for many of them do have some outrageous and unique additional criteria attached to whom they consider worthy of applying with them for one of those loans, and Arbuthnot Latham certainly do. […]
The list of British Business Bank accredited Recovery Loan Lenders that are putting plenty of hurdles in front of those who need one of those loans to help their businesses recover gets longer each day.
In this update I will be taking a quick look at what Lloyds Bank are doing to ensure they slap down and put off as many SMEs as they can from applying for one of those loans. […]
To save you the time and trouble of applying for a Recovery Loan with the Royal Bank of Scotland, be aware that they do not allow businesses that are using a Personal Bank Account apply for one of those loans and are not allowing anyone with a Business Account opened on or after the 6th of April apply either. […]
If you needed proof of how the British Business Bank like to stick the knife in, mock and laugh in the face of SME’s, you only have to look at the second batch of accredited Recovery Loan Lenders, for they are private banks catering for high value clients and specialist lenders who only lend out high value loans. […]
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. […]
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. […]
If you were given £1 for the number of Recovery Loans that HSBC have already rejected/declined, you would not need a Recovery Loan. This is yet more shame on Rishi and that ridiculous scheme that is not suited to small or average sized SMEs. […]
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. […]
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. […]
MPs from all sides have a lot to answer for, as their behaviour in the House of Commons the other day, has brought the entire Government’s Covid Loan Schemes in total disrepute, the General Public […]
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