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. […]
Metro Bank made a complete hash of things when it came to opening new business accounts and also processing Bounce Back Loans, and today you can find out what one of their bosses has to say on how that bank fared (in their opinion) during the BBL scheme regarding opening accounts for new business customers. […]
I heard plenty of complaints about Barclays relating to SME’s trying to open business accounts with that bank with the aim of getting an account opened and then going on to try and apply for a Bounce Back Loan, today you can find out what one of their bosses has to say on that subject and other related questions she has answered. […]
As someone who may have tried to apply for a Business Account with HSBC with the aim of getting a Bounce Back Loan, you will know whether you experienced any problems or not, and below you will find the official response from HSBC regarding such accounts and how they handled things during the time BBLs were available. […]
You can now apply for a Recovery Loan from Funding Circle as they have just been accredited by the British Business Bank, and they claim that you can find out if you are eligible via their online checker tool in 30 seconds, and they also claim within 10 minutes you can apply for one of those loans and will be paid out your funds promptly if approved. Good luck with that. […]
The fashion guru and “Westminster hairstyle trend setting” MP, Alok Sharma, he who oversaw the Bounce Back Loan Scheme, has decided the time is right to demand you all start wearing or selling (if you are a clothes retailer), hand me down clothes, or if you operate a beauty salon you must go green, so no more punk or beehive hairstyles held in place with […]
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