April 2023 - Page 23 of 27 - Mr Bounce Back - Bounce Back Loan News - Updates

For Over-Egging His Business Turnover to Get a Bigger Bounce Back Loan Than His Company Was Entitled to and Explaining He “Used the Money to Live On” a Company Director is Given a 7 Year Disqualification

April 8, 2023

This case revolves a Barclays Bounce Back Loan and a BBL Top-Up. […]

10 Year Ban For Company Director Who Over-Estimated His Estimated Turnover to Get a £50k Barclays BBL, Said He Used the Money to Refurb His Business Premises, But Provided No Proof and Then Sold the Business for £3k

April 7, 2023

Please do not choke on your coffee when reading this case, it involves yet another Barclays Bounce Back Loan and the Director has just been given a 10 year ban for everything highlighted. […]

For Getting a £50k Bounce Back Loan from Barclays When Not Eligible and Spending it on Paying Off a Loan and Buying a Car a Director is Given an 11 Year Ban

April 7, 2023

A forensic check of the accounts of this Company soon revealed it was not eligible for a BBL and the Director who is now starting an 11 year ban did not use it for the benefit of the business. […]

7 Year Disqualification for Using Two Bounce Back Loans from His Two Businesses For Personal Benefit and Not for the Benefit of Those Businesses

April 7, 2023

Just a 7 year disqualification has been handed out to the Company Director named for the reasons highlighted in this case, regarding two £50k Bounce Back Loans. […]

Over-Egging His Business Turnover to Blag a £50k Bounce Back Loan from Lloyds Bank Leads to a 9 Year Ban

April 7, 2023

It didn’t take the Liquidator involved in this case very long to work out the Company Director over-egged his turnover to secure a BBL from Lloyds Bank, to which it was decided a 9 year ban was in order. […]