Bounce Back Loan Brokers Causing Added Misery for SME’s

As it is now very apparent that many small business owners are not going to get a Bounce Back Loan for all manner of different reasons, that has sadly left the door wide open for brokers and “ambulance chasers” to come out of the woodwork.

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There is a very good chance that when you go hunting online for a way to get a Bounce Back Loan you will come across various different websites offering you a way of getting a BBL.

I have seen plenty of “Bounce Back Loan Brokers” websites being set up, and each of them are going to charge you an initial fee and/or will want a percentage of your awarded Bounce Back Loan for making use of their services.

Be aware, there is no company out there that can get you a Bounce Back Loan using any method other than one you can use yourself, that being opening an account with an accredited lender and then applying for a BBL.

The way many such Brokers work is that the will simply take your initial fee and keep it and their terms and conditions you sign up to when using their “services” will be written in such a way that they will not guarantee you a BBL, hence they make their money by scamming you out of your “initial fee” or whatever they choose to call it.

DO NOT MAKE USE OF A BOUNCE BACK LOAN BROKER.

If you do so you will simply end up paying for something that they cannot get you and you will be wasting your money, and that will add to your stress.

In fact, some of the websites I have come across will ask you to supply all your personal and business details and will also ask you to provide them with additional documentation, therefore then leaving you open to be scammed by identity theft.

There are 28 accredited Bounce Back Loan lenders, if you have an account with any of them then that is who you should be approaching directly. If you do not have an account with any of them then see the article below which will enlighten you on the three lenders (currently) that are accepting new customers.

Applying for a Bounce Back Loan

Whilst the list of accredited Bounce Back Loan Lenders stands at 28 of them, there are only three of them that are accepting new customers, you will find a list of banks that are accepting new customers by clicking HERE.

CEO Email Addresses

One way to get some action or some form of update from a bank when you have been waiting a long time for a BBL or bank account (including feeder and servicing accounts updates), is to contact the CEO of the bank you have applied with, and a full list of CEO email addresses are on this page of the website