August 2023 - Page 19 of 21 - Mr Bounce Back - Bounce Back Loan News - Updates

Having Not Used His Company’s Lloyds Bank Bounce Back Loan On His Business, Instead Sending Most of It to His Personal Account and Leaving the BBL Unpaid, a Company Director is Today Starting a 6 Year Ban

August 7, 2023

Here is the background story that led to the Company Director named being banned for 6 years, that ban starts today the 7th of August 2023. […]

Newport Based Co-Directors Given 10 Year and 8 Year Bans Respectively for Over-Egging Their Business Turnover When Applying for a Lloyds Bank Bounce Back Loan

August 7, 2023

Another two Directors are today starting long bans given to them for over-egging their business turnover to get a Bounce Back Loan, here is their story. […]

Wetherby Based Business Owner Given a 5 Year Ban for Failing to Repay His £50k Lloyds Bank Bounce Back Loan in Full After Obtaining a £100,000 Funding Circle CBILS Loan, As Required to By the Rules of Those Schemes

August 7, 2023

Just a 5 year ban was given to the Company Director named in this case, which when you consider the amounts involved in his wrongdoing, which were left unpaid, was somewhat lenient. […]

Luton Based Company Director Given an 11 Year Ban for Blagging a BBL from TSB By Claiming His Business Turnover Was £221k When It Wasn’t Trading and Obviously Had a Turnover of Zero and for Transferring the Money to Himself

August 7, 2023

Here is the story behind a TSB Bounce Back Loan that wasn’t repaid and the resulting 11 year Company Director ban. […]

Just a Reminder – If You Do Default On Your BBL the Lender Can and More Than Likely Will Raid Your Bank Account to Pay Down Some or All of the BBL and Will Often Close Your Account

August 4, 2023

For those of you who are new here and may […]

Month: August 2023

Having Not Used His Company’s Lloyds Bank Bounce Back Loan On His Business, Instead Sending Most of It to His Personal Account and Leaving the BBL Unpaid, a Company Director is Today Starting a 6 Year Ban

Newport Based Co-Directors Given 10 Year and 8 Year Bans Respectively for Over-Egging Their Business Turnover When Applying for a Lloyds Bank Bounce Back Loan

Wetherby Based Business Owner Given a 5 Year Ban for Failing to Repay His £50k Lloyds Bank Bounce Back Loan in Full After Obtaining a £100,000 Funding Circle CBILS Loan, As Required to By the Rules of Those Schemes

Luton Based Company Director Given an 11 Year Ban for Blagging a BBL from TSB By Claiming His Business Turnover Was £221k When It Wasn’t Trading and Obviously Had a Turnover of Zero and for Transferring the Money to Himself

Just a Reminder – If You Do Default On Your BBL the Lender Can and More Than Likely Will Raid Your Bank Account to Pay Down Some or All of the BBL and Will Often Close Your Account

Here is the Official Announcement from HM Government and Some Words from the Covid Corruption Commissioner About the “Bounce Back Loan Voluntary Repayment Scheme” (BBL Summer of Love – BBL Winter of Regret) Which is Now Live – Don’t Miss Your Chance to Get Off the BBL Naughty List