If you have been following the Greensill saga, then this coming week you really do need to pencil in some time to watch two must-see Commons Treasury Committee meetings, those being the ones in which Lex Greensill and “Dodgy” David Cameron will be hauled over the coals. […]
I gave you all a warning back on the 8th of April about the Bank Referral Scheme, and how it pushes vulnerable SMEs declined a Recovery Loan by some of the accredited banks into the hands of Government approved “Loan Sharks”. Well, the British Business Bank are now trying to spin that scheme as a good thing and have given it prominence on their website. […]
Once again, I have been contacted by customers of a BBL accredited lender, this time it is Starling Bank, letting me know they have been sending out more “Default Notices” in which they demand an immediate repayment of a Bounce Back Loan, and as you can see from the following email, they are somewhat impersonal. […]
For those of you with a Bounce Back Loan from HSBC, be aware they are, two months before your repayments are due, sending out EchoSign’s reminding you of the fact, and letting you know what to do if you want to take any of the PAYG options if you are someone who got an HSBC BBL via a Feeder Account. Here is the standard letter you will receive via that EchoSign. […]
I did warn those of you with a Bounce Back Loan with Santander to be aware that they are checking accounts and demanding answers if anything you told them does not appear to be correct, well they are still doing so. […]
You are not going to believe this, well in today’s Political world you will, below I will lay out all the facts on how a company linked directly to Rishi Sunak and his Wife, bagged a £1.3m Government Back Loan and then went into Administration. I will let you connect the dots on this one dear reader, as I know you like to see “receipts”. […]
It has been one full year now believe it or not since Rishi Sunak launched his Bounce Back Loan Scheme, and sadly with the failure of the replacement Recovery Loan Scheme, many business owners have […]
As Yorkshire Bank is the sister bank of Clydesdale Bank what I have said about the latter stands for the former when it comes to Recovery Loans, and this is what you will be faced with if you apply for a Recovery Loan with that bank. […]
For those of you that wish to approach Danske Bank for a Recovery Loan be aware that you do need to be an existing customer to access their facility, but as was seen during the lifetime of the BBL scheme with many banks, they are claiming to be overwhelmed with new account applications. […]
You have to hand it to most banks and lenders, if there is a way that they can devise of earning a chunk of your business income, they will dream it up and that is what you could say about Skipton Business Finance, so let us take a look at how they have designed their Recovery Loan Scheme facility. […]
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