My inbox lit up with people asking for me to add additional submissions for the National Audit Office’s second investigation into the Bounce Back Loan scheme, as such here is an interesting one regarding dormant companies and BBL’s that I have just drawn to the NAO’s […]
Stories such as today’s may worry some of you out there, however having seen how many BBL lenders misled some people over their turnover figure, and with the British Business Bank admitting many lenders and brokers did mislead people, when applying for a Bounce Back Loan, and my additional […]
Having now spoken to more people than I can remember […]
Another week of madness has come to an end, and today I want to draw your attention to what the Financial Conduct Authority are telling Bounce Back Loan lenders to do regarding over-egged turnover, when collections start and/or they start taking action against those defaulting on their loans. The rules of the BBL scheme were confusing for most people, and banks complained they had no rule book and mistakes were made on the Government website, and […]
With their self-imposed deadline to reveal just how many Recovery Loans have been approved fast approaching, the British Business Bank have started to name those who received one and some of those with BBLs too after warning of the dire consequences of doing so. You couldn’t make it up. If you ask the […]
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