As you will see in the following correspondence made public today, HM Treasury is estimating much higher fraud and error figures in the Bounce Back Loan scheme than the actual BBL lenders, who are eager and doing all they can to keep those figures around the 1% to 2.5% range. […]
Barclays have seen another of their Bounce Back Loans go up in flames, as you will see in today’s case which resulted in another of their Business Customers being slapped with a 6-year disqualification. […]
Here is the response of the CEO of the British Business Bank to questions posed about the Bounce Back Loan Scheme at a recent Treasury Select Committee meeting. […]
Some more BBL madness for you today, in which HSBC pay £150 in compensation for delays in approving a Bounce Back Loan, but then perform one of their infamous “safeguarding reviews” and ultimately demand that BBL back, the Ombudsman says the compensation is fair, but then says, quite bizarrely, HSBC are right to recall the BBL! […]
Missing out of a Bounce Back Loan was something many business owners did experience for various reasons, however in todays case it was down to an incorrectly applied CIFAS marker by Lloyds Bank, after complaining to the Ombudsman £500 was deemed to be fair compensation. […]
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