2022 - Page 63 of 131 - Mr Bounce Back - Bounce Back Loan News - Updates

Barclays Wave Goodbye to a £50k Bounce Back Loan They Gave to a Company Whose Director Has Received a 10 Year Disqualification for Overstating Turnover to Get It and Didn’t Use It for the Benefit of His Business

July 25, 2022

A list is revealed in today’s case, regarding things a Company Director spent a BBL on which were not for the benefit of his business which saw him being slapped with a 10-year disqualification. […]

A 6 and 7-year Disqualification Given to Co-Directors Who Overstated the Turnover of Their Business to Bag a Bounce Back Loan and Made Payments Not For The Benefit of the Business Using the BBL Funds

July 25, 2022

If you have been following the number of disqualifications that I have been tracking handed out to Company Directors recently, you will notice overstating turnover and not using a BBL for the benefit of the business are two of the main reasons a disqualification will be handed out when a business goes into liquidation, and here is another of those cases. […]

An 8 Year Disqualification is Deemed Suitable Punishment for Company Director Who Overstated Turnover to Get a BBL and Providing No Evidence It Was Used to Benefit the Business and Left the BBL Owing at Liquidation

July 25, 2022

Lloyds Bank have been left to chase the Government Guarantee on the Bounce Back Loan they approved and paid out in this case which resulted in an 8-year disqualification, due to all manner of wrongdoing by the Director who applied for it for the Company now in liquidation. […]

Revealed – NatWest Did Use a “Secret Turnover Formula” for Deciding Whether to Open a Feeder Account for their Personal Account Holders to Access the Bounce Back Loan Scheme

July 24, 2022

Being a delegated scheme that meant some Bounce Back Loan Lenders could bolt on their own rules when it came to allowing certain customers to open feeder accounts and business accounts to access that scheme, and that is what NatWest did. […]

Company Director Gets an 8 Year Disqualification for Applying for a Bounce Back Loan When His Business Was Not Impacted by the Pandemic, Over-Egging Turnover and JRS Grant Skulduggery

July 23, 2022

Another couple of BBL related wrongdoing cases to present to you today, that have resulted in bans for the business owners, one who has been hit with an 8-year disqualification and another with a 5-year BRO for the skulduggery highlighted. […]