Just before the start of this Bank Holiday weekend, and with banks having until today, the 31st of May 2021 to process any Bounce Back Loans in the system before the curtain falls on that scheme, BEIS have decided to start promoting another finance scheme for SMEs, that being Merchant Cash Advance which is being offered by […]
With no real idea yet on the number of Bounce Back Loan defaults that are likely to occur in the coming months, all you will see is estimates from those involved in the scheme, however I have seen a plethora of BBL Breach Letters being sent out by some banks, and today I will give you an insight into what an Official Default Notice looks like from one bank. […]
One of the bosses of Santander has admitted that bank will be snooping in business customers accounts if they got a Bounce Back Loan to see if the account is being run as they would expect with regard to certain aspects of the application for a BBL those customers made/supplied, and today that boss gives an insight into how they handled business account openings during the BBL scheme. […]
Lloyds Bank did fire out plenty of Bounce Back Loans rather quickly when they were available, however today you can find out in their own words how they did when it came to customers trying to open a business account with them when the BBL scheme was available. […]
Having seen one of the bosses of NatWest waffling on, in what you could call a befuddled way about Bounce Back Loans, you can today read what that boss (Paul Thwaite) has to say about how that bank handled things for those wishing to open a business account whilst BBLs were available. […]
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