2021 – Page 8 – Mr Bounce Back – Bounce Back Loan News – Updates

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

November 24, 2021

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 […]

Have You Got a Business Idea or Invention That Will Help UK Defence? If So, There are Loans of Up to £1.6m Available

November 24, 2021

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 […]

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

November 23, 2021

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, […]

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

November 23, 2021

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. […]

Two Company Directors Slapped with 6 Year Disqualifications for using a £30k Santander BBL and a £46k Lloyds Bank BBL for Personal Benefit

November 22, 2021

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 […]

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

November 22, 2021

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 […]

The British Business Bank Given a Well Deserved Slapping by The Public Accounts Committee Over Their Lacklustre Approach and Insufficient Due Diligence to Approve Greensill As An Accredited CBILS and CLBILS Lender

November 21, 2021

It is good to see the buffoons over at the British Business Bank finally getting their comeuppance regarding their role in the Government Covid Loan Schemes. Having caused untold stress and anguish to many SMEs […]

Experience Technical Problems with Metro Bank When Applying for a BBL? Make Sure You Claim Compensation

November 20, 2021

It is good to see some Financial Ombudsman Service BBL related complaints being properly investigated, and compensation being awarded to those affected by all manner of different problems when they applied for or were trying to access their BBL funds. […]

One of the 3000+ People Declined a BBL from Starling Bank Due To a Bad Credit Rating? Claim Compensation

November 19, 2021

I remember that horrendous Friday night way back in the early days of the Bounce Back Loan Scheme when Starling Bank declined en masse 3000+ people for a Bounce Back Loan, I can never forget it to be honest, I cried chatting to a lot of people that night who saw their future business security snatched away from them. […]

Ben The Ombudsman Strikes Again with Another Set of Ridiculous Reasons Why He Sides with a Bank and Not a Customer Regarding a Bounce Back Loan Related Complaint – Something’s Not Right