Todays News
Bounce Back Loan PAYG Take Up Figures Released
The facts and figures related to the take up of the Pay as You Grow options have finally been released, and as you will see below a fair number of those with a Bounce Back […]
Month: November 2021
Todays News
The Department for Business, Energy and Industrial Strategy (BEIS) Annual Report and Accounts Have Just Been Released – Here Are the Bits Related to Bounce Back Loans
I have trawled through all 288 pages of the Department for Business, Energy and Industrial Strategy (BEIS) Annual Report and Accounts and as such below you will find the bits that relate to or mention […]
The Disqualification Files
Another Lloyds Bank and HSBC Bounce Back Loan Turn Sour with some £68,473 Being Added to My BBL Default Tracker and a 6 and 7 Year Disqualification Being Handed Out
Two cases to bring to you today, which have resulted in two Company Directors being hit with a 6 and 7 year disqualification for Bounce Back Loan wrongdoing. […]
Premium Content
The Often Bumbling/Befuddled Tom Scholar From HM Treasury Was Once Again Forced To Sit Before The Public Accounts Committee and Answer a Slew of Bounce Back Loan Related Questions.
Whilst he once again buckled under pressure during a Public Accounts Committee Oral Evidence Session, at one stage struggling to remember the name of one of the Covid Loan schemes, I was able to gather some interesting facts and figures when listening to what Tom Scholar and his HM Treasury team had to say about BBLs. […]
BBL Complaints and Outcomes
An Eight Week Wait for Barclays to Process a Bounce Back Loan is Worth £200 in Compensation According to Ben the Ombudsman and Not the £1000 a Customer Felt Was Fair
Many of you out there may have tried applying for a Bounce Back Loan when they were available from Barclays but got the dreaded onscreen message telling you the bank needed to speak to you and that you should request a call back. Those of you that did will know it took an absolute age for Barclays to make those calls, and […]
Todays News
Have You Got a Business Idea or Invention That Will Help UK Defence? If So, There are Loans of Up to £1.6m Available
The Defence and Security Accelerator (DASA) is pleased to launch Cycle 3 of Defence Innovation Loans which has £10 million to lend for innovative defence solutions. Accessible to SMEs, and with a below market interest […]
Todays News
Paul Scully MP Releases a Video Proclaiming Continued Support for Businesses Across the UK – Whilst Members of the House of Lords are Outraged that the Government Are 9 Months Late on Offering Continued Support
I will let the words of Paul Scully MP the Parliamentary Under-Secretary Department for Business, Energy and Industrial Strategy and the words of Lord Hunt of Kings Heath do the talking in the following article, […]
BBL Complaints and Outcomes
Starling Bank Tells Customer They Could Cancel a Low Value BBL and Issue a Higher Value One but Circumstances Prevent Them from Doing So, and they Fail in Their Duty of Care Regarding the Possible Insolvency of That Customer
I spent some time this morning, trawling through the dozen or so Financial Ombudsman Service BBL related complaints and outcomes that have I not yet loaded up onto the website, and came across this interesting case, in which the Ombudsman decided a paltry £50 in compensation was due to a Starling Bank customer. […]
The Disqualification Files
Two Company Directors Slapped with 6 Year Disqualifications for using a £30k Santander BBL and a £46k Lloyds Bank BBL for Personal Benefit
It won’t be long now until we start to see 15 year disqualifications and possibly compensation orders being handed out to business owners who wind up their companies and it is found they are guilty of some form of wrongdoing with any BBL they obtained, as the […]
Todays News
The Minister for Bounce Back Loan Disinformation As I Like to Call Him (Paul Scully MP) and I Have Had a Twitter Spat – He Then Goes Quiet When Faced with BBL Mis-Selling Proof by the British Business Bank
Ever eager to lure in any of the Ministers tasked with anything and everything to do with the BBL scheme and get them to discuss things, I sent out a tweet last night knowing that Paul Scully MP the Parliamentary Under-Secretary Department for Business, Energy, and Industrial Strategy (BEIS) would be eager to bite back, seeing as the […]