2022 - Page 39 of 131 - Mr Bounce Back - Bounce Back Loan News - Updates

Lenient 5 Year Ban Handed Out to Company Director Who Used Around Two Thirds of His Company’s Barclays Bounce Back Loan for Personal Benefit and Left It Unpaid at Liquidation

September 14, 2022

It’s a good job they don’t lock up those who have been found to have done some form of wrongdoing relating to a Bounce Back Loan, or prisons would soon be full to overflowing. As it stands, the most someone has to worry about is a disqualification/ban, if they take the insolvency route, such as the Company Director named below who is just starting a 5 year ban for the BBL wrongdoing listed. […]

Director Slapped with an 11 Year Ban for Bagging Two BBLs and a CBILs for His One Single Company and Not Spending the Loans on the Businesses

September 14, 2022

Unbelievably the Company Director named below managed to bag two Bounce Back Loans, one from Barclays and one from NatWest and also blag a CBILs from Funding Circle, all for his one single business. He didn’t use those funds for the benefit of the business and is now starting an 11-year ban. […]

Santander Lose Another £50k Bounce Back Loan Due to One of Their Customers Leaving it Unpaid at Liquidation He Gets an 8 Year Ban For Over-Egging His Business Turnover to Get the BBL in the First Place

September 14, 2022

Here are the details of another Santander Bounce Back Loan that has gone sour, resulting in the Company Director who over-egged his turnover getting an 8-year ban. […]

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

September 13, 2022

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. […]

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

September 12, 2022

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. […]