January 2022 – Page 4 – Mr Bounce Back – Bounce Back Loan News – Updates

Challenge Your Bounce Back Loan Update – Back British Business Webinar – Live 20th January 6pm

January 16, 2022

Make sure you tune in for an update on how the Back British Business team of lawyers are getting on with challenging Bounce Back Loans. Full details on their website, including the link to tune […]

A Series Of Errors Results in an SME Receiving a Bounce Back Loan Months After They Applied – Ombudsman Decides HSBC Is Fair In Offering Just £150 For The Delay and Errors

January 16, 2022

Here is another Bounce Back Loan related case that ended up on the desk of Ben the Ombudsman regarding HSBC. I now also have it in writing (even though I have proven it before) that when […]

Starling Bank Sure Do Have a Lot of Bounce Back Loans Turning Sour – Here Is Yet Another £50k BBL That Has Been Defaulted On Resulting in a 6 Year Disqualification for a Company Director

January 14, 2022

Having obtained a £40k Bounce Back Loan from Starling Bank then a few months later topping it up to £50k, and then taking the insolvency route but not explaining where the funds for that loan went after transferring them to his personal account, the Company Director in today’s case has just […]

What Happens If You Miss a Bounce Back Loan Repayment? Let’s Look at the Email that Starling Bank Send Out

January 13, 2022

As lenders have agreed to a set of “standards” when it comes to chasing those with a Bounce Back Loan and who are in arrears or even default, today I will reveal the standard email that Starling Bank send out as soon as a BBL repayment has been missed. This is one of many I have been sent from SMEs who sadly […]

A 6 Year Disqualification for Company Director Who Took Out a £50k Santander Bounce Back Loan When He Should Have Know His Business Was Insolvent and Used the Loan for Personal Benefit

January 12, 2022

As the number of businesses going bust continues to rise, so too does the number of Company Directors hit with a long disqualification when they have declared their business insolvent and have been found to have committed some form of wrongdoing with a Bounce Back Loan. Here is yet another case of a Santander Bank BBL being used for […]

Using Over £20k of a £30k Barclays Bank Bounce Back Loan for Personal Benefit and Not the Economic Benefit of His Business Lands Company Director with a 6 Year Disqualification

January 12, 2022

If you wind up your company with a Bounce Back Loan still owing, and you committed some form of wrongdoing with that loan, then you can expect a long disqualification, which this case involving a Barclays Bank BBL will […]

Company Director Blags a BBL From Barclays Bank and Another From Starling Bank For the Same Business and Uses the Funds for Personal Benefit and Gets Slapped with a 6 Year Disqualification

January 11, 2022

The rules of the Bounce Back Loan scheme permitted business owners to get a BBL for as many eligible businesses that they owned, and plenty of people did get several BBLs for their separate businesses, one for each. Today’s case however is about a Company Director who got two BBLs for one single business and ended up with a 6-year disqualification. […]

Paul Scully the Small Business Minister Has Told Me to Tell You To Complain To Your MP If the Third-Party Debt Collectors Metro Bank Use Start Pulling Any Stunts With Bounce Back Loan Arrears / Collections

January 11, 2022

I was chatting to someone yesterday who has a Bounce Back Loan from Metro Bank, who wanted to take the PAYG options on their loan. However, Metro Bank informed them they needed to pay one full repayment first as that repayment was in fact due. That customer could not afford to pay it all in one go so a repayment plan […]

A Corporation Tax Return, an Application to Register for VAT, Bank Statements and a VAT Return are Used to Prove Three Company Directors Over-Egged the Turnover of Their Business to Obtain a £50k Starling Bank Bounce Back Loan – All Given 7 Year Disqualifications

January 10, 2022

Here is another case regarding over-egged turnover being used to apply for a Bounce Back Loan, this one involves a BBL from Starling Bank, which resulted in three Directors of a private hire taxi business each getting 7 year disqualifications […]

British Business Bank Say Some Lenders and Intermediates Had Been Promoting the Bounce Back Loan Scheme in a Manner that Breached the Rules and Spirit of the Scheme But HM Treasury State That Is Not True – So Who Is Lying?

January 9, 2022

Today I want you to study the following documents and watch the video and then make up your own mind on whether HM Treasury are telling porkies or whether the British Business Bank are. […]

Month: January 2022