As most people sat in amazement watching Dominic Cummings lay into Boris and Hancock yesterday, the British Business Bank announced the accreditation of two lenders on the 26th of May 2021, one of which is BCRS Business Loans, however they are a regional lender and one that does charge some hefty […]
The British Business Bank are currently accrediting several additional Recovery Loan Lenders, and one that is now offering those loans is Close Brothers, who will allow you to apply if you are currently one of their Invoice Finance customers or are prepared […]
As you may recall I made contact with Charles Leslie from the Credit Services Association in the hope that he could explain the code of ethics and standards that all debt collectors and recover agents signed up to that Association he heads will be expected to adhere to when asked to attempt to recover funds from those defaulting on Bounce Back Loans, and a range […]
It looks like Starling Bank have finally given in to pressure to get their PAYG BBL Options live but be warned they are monitoring Companies House and demanding repayment of Bounce Back Loans in full if anything is amiss, and HSBC are delaying the activation of those options for some SMEs too. Feedback received also indicates that HSBC […]
Worryingly, I have had a slew of complaints about Barclays demanding repayment of BBLs sent to me over the weekend (for various different reasons) and today I will give you an insight into what they are offering one of those customers by way of options for repayment before they farm them off to their collections team and/or debt collectors. […]
Kwasi Kwarteng is Secretary of State for BEIS that organisation instructed the British Business Bank to launch the BBL, CBILS, CLBILS and Recovery Loan Schemes. Well, he must have been giddy with excitement when Helios Investment Partners LLP bunged him £4,500 for his election fighting fund. Then would you believe it, the BBB pick Henry Obi from Helios Investment Partners to become Chair of one of their Working Groups. […]
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. […]
It just never ends dear website visitor, let us face it with Rishi and Co launching CBILS there was some chunky money to be made with that and all other Government backed loan schemes, and Kit Malthouse MP must have been rubbing his hands with glee when the finance company he founded was accredited by the British Business Bank to offer CBILS. I wonder if that firm will become a Recovery Loan Lender too. As of the […]
The saga that has become the Bounce Back Loan scheme never ends, and I am getting plenty of messages and emails from those waiting for Starling Bank to offer all of the PAYG BBL options. Whilst it is possible to take the […]
You have to hand it to NatWest, they do like pulling plenty of tricks, and I have just received word they are pulling a rather interesting one when it comes to Bounce Back Loans but are offering compensation for their “errors”. […]
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