Over-egging turnover for a Bounce Back Loan then winding up the company is something the Insolvency Service are used to seeing, and here is the story of another businessman who did just that and ended up with a 7 year disqualification. […]
The number of business owners who ceased trading but then went on to apply for a Bounce Back Loan and have been hit with a disqualification for doing so is on the rise, and here is another one which saw one businessman hit with a 5 year disqualification. […]
The Insolvency Service are still very busy currently, casting their eyes over any businesses that have been wound up with Bounce Back Loans still owing, and here is yet another Director that has been slapped with a 7 year disqualification for over-egging turnover and using a fair chunk of that loan for “personal benefit”. […]
Sadly, some of you out there are now faced with the stark reality that your business has failed due to the pandemic and are worried about how the banks will address that situation when you cannot repay your Bounce Back Loan, in this article Richard Bearman a Managing Director at the British Business Bank gives an overview of what you can expect moving forward. […]
Plenty of organisations, even MPs are approaching HM Treasury and Rishi Sunak suggesting a plethora of changes to the Bounce Back Loan Scheme. However, despite their collective current hard-nosed attitude there are some hints of possible changes to the Bounce Back Loan scheme later this year, once the current additional support schemes begin to expire. […]
My trip to Blackpool to raise some points and pass on some questions to the FSB so they could get the British Business Bank to address them during their webcast yesterday was not wasted, as yesterday they were put to Richard Bearman a Managing Director at the British Business Bank, who sadly had some bad news for Tide customers who are not being offered PAYG BBL options by that lender. […]
You have to hand it to Tide; they have to be one of the vilest of “banks” not that you could call them a proper bank by any stretch of the imagination. Just had it confirmed by one of their customers if you miss a BBL repayment they send in third party debt collectors 25 days after missing a repayment, but that is Tides fault for not offering PAYG Options. Here is the string of messages sent out to one of their customers who […]
This morning I have been to the Federation of Small Businesses HQ in Blackpool with the aim of speaking to the host of tomorrow’s online event Martin McTague who will be firing questions at the […]
I finally get to the bottom of most things Bounce Back Loan related, and for those of you experiencing problems trying to get a bank to activate the PAYG options for you on your loan, there is a good chance that the dodgy, error riddled BBL database that I have been warning the powers that be about for over a year now is to blame. Read on for the proof and let us hope the National Audit Office report on this in their current investigation into the soon to implode BBL scheme. […]
We have all suffered over the last year or so, and for many business owners the only help and support they have had is from their friends and family, and for others they have had […]
Copyright © 2020 - 2024 | Mr Bounce Back | Contact | Disclaimer | Privacy Policy | Corrections and Updates | Terms and Conditions |