April 2023 - Page 4 of 27 - Mr Bounce Back - Bounce Back Loan News - Updates

For Bagging a Bounce Back Loan from NatWest Three Times Higher Than the Amount He Was Eligible For By Over-Egging His Business Turnover a Director is Hit with a 6 Year Ban

April 28, 2023

This is one of the much more lenient Company Director Disqualifications of just 6 years, but then again all he did was over-egg his turnover and leave it unpaid. […]

Having Blagged a £50k BBL From NatWest By Estimating His Business Turnover Was £225,000 When It Was in Fact Just £30 and Therefore Not Eligible For a BBL, a Company Director is Slapped with an 11 Year Ban

April 28, 2023

The Secretary of State decided an 11 year ban was the suitable punishment for this Company Director blagging a BBL when his actual turnover figure meant he wasn’t eligible for one in the first place. […]

6 Year Disqualification for Director Who Left Liquidators Unsure Whether the Funds Obtained from a £25k BBL Were Used for the Benefit of His Company and Where the Money From a Toyota SG Cruiser Sold in Romania Went

April 28, 2023

This now missing Bounce Back Loan was approved and paid out by Lloyds Bank. […]

Bouncing Back Episode 13 – “The British Business Bank Confirm We Do Not Expect Lenders to Take Enforcement Action or Start Pushing for Insolvency Due to Someone Missing Their BBL Payments”

April 27, 2023

This is Episode Thirteen in a series of new webcasts […]

Despite Very Clearly and in Big the Santander Website Saying “Estimates Can Be Used” the Ombudsman Tosses Out a Complaint That Bank Demanded Back a Customer’s BBL Back for Using an Estimate – “You Should Have Read the Small Print”

April 27, 2023

Unlike some banks that have said they will look the other way and allow those to repay a Bounce Back Loan as per the original loan agreement if it is later discovered they over-estimated their turnover due to the confusion about that aspect of the BBL Scheme, Santander appear to not be taking that approach. […]