January 2022 - Page 8 of 11 - Mr Bounce Back - Bounce Back Loan News - Updates

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. […]