BBL Complaints and Outcomes

Barclays Declined a Sole Trader with Two Other BBL’s for His Other Two Businesses a Bounce Back Loan for His Third Business, the Ombudsman Awards Him £200 Compensation For the Upset Caused in Their Delay in Declining That Third Loan

The rules of the BBL scheme did state you could apply for as many Bounce Back Loans as you had separate, trading businesses that were not part of a holding company at the top of the business structure. Here is a recent Ombudsman decision in which Barclays declined a Sole Trader a third BBL for his third business and was ordered to pay him compensation but only for them taking so long to decline his loan and the upset caused. […]

The Disqualification Files

Sole Trader and Company Director Hit with 10 Year Bans for Bounce Back Loan Wrongdoing

As Rishi Sunak has now scuttled off back to obscurity having been trounced by Liz Truss in the recent Conservative Party vote for their new Leader and Prime Minister, the fallout of his Bounce Back Loan scheme is still being played out, and here are two more people now beginning long bans due to all manner of wrongdoing associated with that Government backed loan scheme. […]

All Rishi's Fault

HSBC Finally Confirm to the Ombudsman, When Told By Them to Address a Recent Bounce Back Loan Complaint, Their Feeder Accounts Were Imaginary, As I Did Announce Way Back When the BBL Scheme Went Live

Today I present to you a recent HSBC Bounce Back Loan related complaint that the Ombudsman has finally upheld, interesting to see that bank have now finally admitted that their Feeder Accounts, were indeed “imaginary” when the scheme first launched, as I and many of you had suspected at the time. […]

The Disqualification Files

Yet Another Santander Bounce Back Loan Goes Bad as Company Director is Hit with a 9 Year Disqualification for Over-Egging Her Business Turnover to Get That Loan

Not only did over-egging her business turnover allow the Company Director named below to get a £40k Bounce Back Loan, but she then went on to get a BBL top-up worth £9k too. However, having taken the insolvency route with the BBL not being paid back, and her over-egging wrongdoing being exposed and reported by the Liquidator, she is now starting a 9-year disqualification. […]