July 2021 – Page 3 – Mr Bounce Back – Bounce Back Loan News – Updates

Another Company Director Disqualified for Over-Egging Turnover and Not Supplying Proof That a Bounce Back Loan Was Used to Benefit His Business

July 17, 2021

The list of Company Directors given a slap by the Insolvency Service continues to grow and at pace, and today I am taking a look at another one who has just been disqualified for a whopping 11 years for over-egging his business turnover to bag a BBL whilst not being able to prove the funds were used to provide economic benefit to his business. The chap in question is […]

HSBC Now Offering Not Only Cash Compensation to Those They Have Completely Messed Up the BBL PAYG Options for, But Are Now Offering a Couple of Months Breathing Space Too

July 16, 2021

It appears that HSBC have certainly been telling huge, big lies to their customers, in fact I have now received a plethora of complaints about them which are similar to my experience with that Pound Shop Bank. They are offering cash compensation to make the problem go away but are also offering “beathing space” for those they have messed about which is […]

Delays to Pay As You Grow Options Continue with Barclays Bank Staff Admitting “It’s All Messed Up” and HSBC Are Now Checking Kinetic Accounts and Closing Some of Them and Requesting Repayment of BBLs

July 15, 2021

It is good to see some decent bank staff out their finally admitting the Bounce Back Loan scheme, even at this stage of the game with repayments now due is messed up, and Barclays employees are admitting just that, HSBC on the other hand though are now double checking Kinetic account BBL’ers and closing some of those accounts and demanding repayment of many BBLs acquired through those accounts too, take a look at the letters they are sending out. […]

We Must All Get Behind Owen Thompson SNP MP for Midlothian In His Quest for Bounce Back Loans to Be Switched Into a Student Loan Type Arrangement – SMEs Only Repay When They Can Afford to

July 15, 2021

Below you will find a speech that Owen Thompson Scottish National Party MP for Midlothian gave in the Commons on July the 7th 2021, please read it through and digest the content, and what he […]

Senior Banker States: “We Are More Worried About Losing Our BBL Guarantees Than Killing Off Small and Medium Sized Businesses” and an Update on the Rating and Directors Disqualification Bill

July 14, 2021

I had the chance to speak to one senior banker who will remain anonymous yesterday, who has given me a little bit more insight into the problems they are facing with Bounce Back Loans and is happy for me to share his revelations and insights with you. […]

Fancy a Job Untangling the Mess That is Bounce Back Loans? Well One Bank is Looking for You!

July 13, 2021

Got to love the brass neck of some banks, many of them have made a complete hash of the entire Bounce Back Loan scheme, and it is of course SMEs across the land that have suffered due to their mistakes, errors, and downright stubbornness to admit they have messed up. One bank is now looking for someone to correct those errors, albeit late in the day and the details of that job are […]

No New Recovery Loan Lenders Accredited for 3 Weeks – Are Financial Institutions Too Embarrassed to Be Associated with That Hare-Brained Loan Scheme?

July 12, 2021

Either the British Business Bank are sulking and are on a go slow after their shameful smackdown from the National Audit Office over their accreditation of Greensill, or new potential Recovery Loan lenders are wary of signing up to that dubious scheme and have decided not to apply for accreditation to save their reputations. It has been […]

After Causing a Huge Song and Dance That Bounce Back Loans Should Have Been Designed Like CBILS/CLBILS the British Business Bank Get a Slap for Lack of Due Diligence on the Latter Re Greensill

July 11, 2021

The British Business Bank are a gift that keeps on giving, but not in a good way and despite their hatred of Bounce Back Loans and their constant badgering of the Government pre-launch to make them more like CBILS and CLBILS, low and behold they have just been given a huge slap down by the National Audit Office. […]

Check Your HSBC Bounce Back Loan Agreements Looks Like They May Not Be BBL Loans After All – Mine Certainly Isn’t

July 10, 2021

Well, what a surprise, the reason HSBC have been messing me and many others around with their Bounce Back Loans and refusing them top ups and/or refusing them access to the Pay As You Grow options may finally have become obvious, they have issued those loans incorrectly […]

Bang On Cue Rishi Sunak Starts Doing the Rounds Proclaiming BBL PAYG Options, Even Though He Knows of the Difficulties Some People Are Having Taking Them, But He Does Admit Not Everyone Will Pay Them Back

July 9, 2021

Listening to Rishi Sunak, as you can do below, “bigging up” the Pay as You Grow Options on a Bounce Back Loan when you know he knows many people still cannot access them is galling, and banks will of course screw you for more interest when you extend them but that is something politicians love doing. Yesterday Rishi was doing the rounds talking about those options and as you will hear below, he does admit many people will not pay those loans back. […]

Month: July 2021