November 2021 - Page 2 of 11 - Mr Bounce Back - Bounce Back Loan News - Updates

Company Director Unable to Provide Evidence at Insolvency That Dividends Paid Were Lawfully Declared or From Distributable Profits and Not Just from a Starling Bank BBL Receives 6 Year Disqualification

November 27, 2021

I present to you another case which resulted in a 6 year disqualification, this time regarding a £50,000 Starling Bank Bounce Back Loan. […]

Two More SME’s Hit with 5 and 7 Year BRO’s One for Overstating Turnover When Applying for a Bounce Back Loan and Both of Them for Not Using Those Loans for the Benefit of Their Businesses

November 26, 2021

There was certainly plenty of confusion surrounding the supposed rules of Bounce Back Loan scheme, however when taking the Insolvency or Bankruptcy route with a BBL still owing many people have been slapped with a BRO or a Disqualification. The reasons for that […]

The True Cost to Business Owners of Rishi Sunak’s Bounce Back Loan Pay As You Grow Options Revealed – A Whopping £420,750,801 In Extra Interest With That Figure Set To Rise

November 26, 2021

You may remember Rishi Sunak doing the rounds recently on […]

FOS Report Huge Drop in BBL Related Complaints – But They Are Expecting a Huge Increase Soon Due to SMEs Challenging Their Loans Hence Them Taking on More Staff to Deal with BBL Complaints

November 26, 2021

Having seen Bounce Back Loan complaints sent into them drop by 112, from 287 in Q1 down to just 175 complaints in Q2, the Financial Ombudsman Service (FOS) are expecting a huge increase moving forward and are making the required steps to cope with that demand. As more and more people challenge the legality of their Bounce Back Loans […]

BEIS Annual Report Confirms Bounce Back Loan Lenders Could Deprive NHS of Up to £92.8m By Keeping Erroneous and Fraudulent BBL Bip Payments

November 26, 2021

I recall the boss of one bank that offered Bounce […]