June 2021 - Page 14 of 17 - Mr Bounce Back - Bounce Back Loan News - Updates

WARNING – Some Banks Appear to Be Taking Full Monthly BBL Repayment Amounts Out Of Customers Accounts When They Have Taken One of the PAYG Options

June 7, 2021

As we are now in month thirteen since the launch of the Bounce Back Loan Scheme, that does of course mean that if you got one of those loans in the first few days of the scheme going live, your first repayment will soon be due. I am however receiving reports that some SMEs have had the full monthly repayment amount taken out of […]

Day 2 and 8 Covid Tests – Do Not Get Ripped Off If You Are Planning a Holiday or Business Trip Abroad – Atruchecks NOT Recommended

June 7, 2021

A quick warning for any of you who may need to book the 2 and 8 day Covid tests if you are planning a holiday abroad or a business trip overseas, there are some, what appear to be Government approved rip off merchants out there who will threaten you if you attempt to complain to them (not that they can be contacted speedily anyway) when they fail to deliver the goods. Atruchecks let me down and they may let you down too. […]

Another Member of Parliament, This Time Chris Philp MP for Croydon South (Defender of Boris’ Tank Topped Bum Boys Comment) Revealed as Having a Large Shareholding in a CBILS Accredited Lender

June 6, 2021

It might be easier to list MPs and Members of the House of Lords that do not have shareholdings in companies that were accredited by the British Business Bank as CBILS, CLBILS and even Bounce Back Loan lenders. This time it is Chris Philp MP for […]

The National Audit Office Announce a Follow-up Bounce Back Loan Scheme Investigation is Under Way

June 5, 2021

I do like the team over at the National Audit Office, for when they get their teeth stuck into something, they will investigate and are never afraid of revealing what they have discovered. They have just announced that they are now planning a follow-up investigation into the Bounce Back Loan scheme, so make sure you give them […]

British Business Bank Confirms Bounce Back Loan Lenders Are “Not Mandated” to Offer the Pay As You Grow Options But Simply Are “Expected To Offer Them”

June 4, 2021

If proof was needed that even now, after the Bounce Back Loan Scheme has come to an end, just how messed up that scheme is and was, it is the revelation by the British Business Bank that lenders that offered those loans are not mandated to offer the PAYG options but are simply expected to offer them. Not everyone is […]