Month: February 2022

BBL Complaints and Outcomes

Despite Proving His Business Turnover Was Higher Than the Initially Declared Figure, Ben the Ombudsman Decides Lloyds Bank Were Right to Decline a BBL Applicant the Ability to Amend It

February 2, 2022

Another case today involving an incorrectly entered turnover figure when someone applied for a Bounce Back Loan. As you will see, even when proving beyond any doubt that an error had been made, Ben the Ombudsman says rules are rules and Lloyds Bank had to go with the incorrect figure. […]

The Disqualification Files

Restaurant Owner Used at Least £40k of a £50k NatWest Bounce Back Loan for Personal Benefit and is Hit with a 6 Year Disqualification at Liquidation

February 1, 2022

Whilst those who are struggling to repay their Bounce Back Loans are not being offered any real help, bar the costly PAYG options, others who took the money but used it for personal benefit then opted to take the insolvency route are being hit with disqualifications. Here is another case which saw a Company Director get a 6-year disqualification for wrongdoing with a BBL from NatWest […]