April 2022 - Page 4 of 11 - Mr Bounce Back - Bounce Back Loan News - Updates

Bagging Not One But Two Bounce Back Loans for a Company That Was Not Incorporated Within the BBL Scheme Requirements Results in Outrageous Company Director Slapped with an 11 Year Disqualification

April 20, 2022

After chancing her luck and successfully bagging a £40k Bounce Back Loan with NatWest for her business that wasn’t eligible for one of those loans, the Company Director whose details you will find below then blagged a second one for the same company five days later from HSBC for £35k. […]

6 Year Disqualification for Director Who Self Certified His Company Turnover Was £230k to Secure a £50k RBS Bounce Back Loan When In Fact the Turnover Was Around £5k

April 20, 2022

Here are the details of another Company Director that massively over-egged his Company turnover to bag a £50k BBL from RBS and then used that loan for among other things, personal use. […]

Barclays Confirm That in Total They Approved 345,006 Bounce Back Loans Worth £10.818 billion That Were Subsequently Drawn Down

April 20, 2022

For those of you that like facts and figures, here […]

Using £5k of a £50k Lloyds Bank Bounce Back Loan for a Personal Mortgage Payment at the Halifax and Paying £45k To Himself Having Over-Egged His Turnover in the First Place When Applying for that BBL Results in a Company Director Getting a 9 Year Disqualification

April 19, 2022

Overstating the turnover of a business to get a Bounce Back Loan and using any of that loan for personal benefit is always going to see the Insolvency Service getting rattled and handing out a long disqualification if that business ends up in liquidation. Today’s case ticks all of those boxes and saw a Company Director hit with a 9-year disqualification. […]

Yet Another £50k Bounce Back Loan Goes Bad with Two Company Directors Hit with 5 Year Disqualifications for Not Using That Loan for the Economic Benefit of Their Business

April 19, 2022

It is currently something of a lottery if you got a Bounce Back Loan, did not use it for the economic benefit of your business then took the insolvency route as to what you will be slapped with by the Insolvency Service. This case ended up with two five year disqualifications being handed out to the Company Directors named below. […]