Cant Get a BBL Based on the Day I Launched my Company

June 6, 2020 Twitter Vault

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So I started trading in December as a sole trader and transferred the business to a limited company at the beginning of May – didn’t think I’d need a BBL.

But my biggest client has told me they won’t be paying any invoices for 60 days!

Now I need a BBL, but am being advised by Starling etc. that I’m not eligible because the business was established after the 1/3/20 deadline

Note: You will need to check the British Business Bank website for a full overview of all of the terms and conditions of the scheme along with any cut off points based on the date when you launched your business.