March 2023 - Page 7 of 9 - Mr Bounce Back - Bounce Back Loan News - Updates

The Public Accounts Committee Confirm What Everybody Knew Regarding Support for SME’s During the Pandemic “Several Million Who Needed It Received No Support”, Rishi Sunak States “Lots of the Excluded Were Probably Not Conservatives in the First Place”

March 8, 2023

In a report today the Public Accounts Committee says HM […]

11 Year Ban for Claiming in His £45k Yorkshire Bank Bounce Back Loan Application His Company Turnover Was £180k When It Was In Fact Nowhere Near That Amount

March 7, 2023

These Company Director disqualifications for Bounce Back Loan wrongdoing never stop coming, and here is the story behind the 11 year ban the chap named in this case is now starting. […]

Using Funds from a £70,000 HSBC Coronavirus Business Interruption Loan for Personal Benefit and Not the Benefit of His Business Leads to a 4 Year Ban

March 7, 2023

It is of course Bounce Back Loans that are being defaulted on in huge numbers, but here is a case that led to a Company Director getting a 4 year ban for wrongdoing with a Coronavirus Business Interruption Loan […]

6 Year Ban for Not Using Funds from His Company’s £50k Lloyds Bounce Back Loan Which Was Left Unpaid for the Benefit of His Business

March 7, 2023

Here is another Lloyds Bank Bounce Back Loan that was left unpaid and led to a modest 6 year ban being given to the Company Director who didn’t use the funds for the benefit of his business. […]

Information Provided by HMRC Proved a Company Director Over-Egged His Business Turnover to Blag a £50k Bounce Back Loan Off Santander and He Has Just been Given an 11 Year for His Wrongdoing

March 3, 2023

For securing a Bounce Back Loan higher in value than his business was entitled by over-egging its turnover and transferring it to two people, and not providing any evidence to prove the money sent was for the benefit of the business, the Company Director named in this case has just been given an 11 year ban. […]