The British Business Bank have finally pulled their finger out, and are accrediting more Recovery Loan Lenders, and with the accreditation of GC Business Finance that means there is now one more lender (so far) that are part of that scheme than offered Bounce Back Loans, but why so many lenders when very few are […]
As the clock struck midnight last night, bank bosses across the UK probably collectively put out a sigh of relief as that marked the end of the Bounce Back Loan Scheme, but now its time for Rishi and Co to put their thinking caps on, for if additional help and support is not forthcoming, many SMEs will, for want of a better word, be in the sh*t! […]
Just before the start of this Bank Holiday weekend, and with banks having until today, the 31st of May 2021 to process any Bounce Back Loans in the system before the curtain falls on that scheme, BEIS have decided to start promoting another finance scheme for SMEs, that being Merchant Cash Advance which is being offered by […]
With no real idea yet on the number of Bounce Back Loan defaults that are likely to occur in the coming months, all you will see is estimates from those involved in the scheme, however I have seen a plethora of BBL Breach Letters being sent out by some banks, and today I will give you an insight into what an Official Default Notice looks like from one bank. […]
One of the bosses of Santander has admitted that bank will be snooping in business customers accounts if they got a Bounce Back Loan to see if the account is being run as they would expect with regard to certain aspects of the application for a BBL those customers made/supplied, and today that boss gives an insight into how they handled business account openings during the BBL scheme. […]
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