March 2022 - Page 9 of 9 - Mr Bounce Back - Bounce Back Loan News - Updates

Three Missed Bounce Back Loan Repayments? That Is When That Magic May Just Happen

March 3, 2022

I have had plenty of feedback now regarding just what happens once you miss three Bounce Back Loan repayments to shine a light on just what happens next. A once dreaded snatch back type letter is […]

Royal Bank of Scotland and Lloyds Bank Kiss Goodbye to Two More Bounce Back Loans As Company Directors Are Hit with a 6 Year and 9 Year Disqualification

March 3, 2022

Another £82,000 in Bounce Back Loans are now heading for the Government Guarantee as two more Company Directors are hit with long disqualifications for wrongdoing, one of whom massively over-egged his turnover to get the loan. […]

All Eyes Now on the Financial Ombudsman Service for Mass Bounce Back Loan Write-Offs With More Reports of Some Banks Now Taking Pity on Those Who Cannot Repay and Fast Tracking Them for the Government Guarantee

March 2, 2022

I was contacted by the Financial Ombudsman Service yesterday and they told me that as soon as they decide on the cases that Back British Business have sent to them regarding the writing off of Bounce Back Loans, they will not be making them public. For reference this is what
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Failing to Use a £50k NatWest Bounce Back Loan for the Economic Benefit of His Company Sees Company Director Hit with a 7 Year Disqualification at Insolvency

March 1, 2022

The total number of BBLs that have turned sour is increasing daily, in fact recent figures show that some 500 BBLs per day are going into arrears. Today’s case is another one involving a NatWest BBL and a Company Director who ended up with a 7-year disqualification for wrongdoing with his loan. […]

Lord Callanan Confirms the British Business Bank Are Paying Out Albeit Somewhat Slowly Bounce Back Loan Guarantees Including Around 20% of Suspected Fraudulent Ones

March 1, 2022

Having dragged his heels at releasing a simple set of figures, Lord Callanan yesterday decided to step forward and answer the question put to him on the 9th of February. […]