Frequently Asked Questions – Mr Bounce Back – Bounce Back Loan Complaints

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[ January 13, 2022 ] What Happens If You Miss a Bounce Back Loan Repayment? Let’s Look at the Email that Starling Bank Send Out Premium Content
[ January 12, 2022 ] A 6 Year Disqualification for Company Director Who Took Out a £50k Santander Bounce Back Loan When He Should Have Know His Business Was Insolvent and Used the Loan for Personal Benefit Premium Content
[ January 12, 2022 ] Using Over £20k of a £30k Barclays Bank Bounce Back Loan for Personal Benefit and Not the Economic Benefit of His Business Lands Company Director with a 6 Year Disqualification Premium Content
[ January 11, 2022 ] Company Director Blags a BBL From Barclays Bank and Another From Starling Bank For the Same Business and Uses the Funds for Personal Benefit and Gets Slapped with a 6 Year Disqualification Premium Content
[ January 11, 2022 ] Paul Scully the Small Business Minister Has Told Me to Tell You To Complain To Your MP If the Third-Party Debt Collectors Metro Bank Use Start Pulling Any Stunts With Bounce Back Loan Arrears / Collections Premium Content
[ January 10, 2022 ] A Corporation Tax Return, an Application to Register for VAT, Bank Statements and a VAT Return are Used to Prove Three Company Directors Over-Egged the Turnover of Their Business to Obtain a £50k Starling Bank Bounce Back Loan – All Given 7 Year Disqualifications Premium Content
[ January 9, 2022 ] British Business Bank Say Some Lenders and Intermediates Had Been Promoting the Bounce Back Loan Scheme in a Manner that Breached the Rules and Spirit of the Scheme But HM Treasury State That Is Not True – So Who Is Lying? Premium Content
[ January 8, 2022 ] Co-Operative Bank Approve and Pay Out a Bounce Back Loan to a Customer Then Snatch It Back – Ben the Ombudsman Decides That Is Their Right and £100 Compensation Is Fair BBL Complaints and Outcomes
[ January 7, 2022 ] Government Delivers £700 Million Funding to Local Authorities – Do Not Let Them Blag You – If You Qualify for the Next Round of Business Grants Apply for One Todays News
[ January 6, 2022 ] Press Release – HMRC Gives Self Assessment Taxpayers More Time to Ease COVID-19 Pressures Todays News
[ January 6, 2022 ] Business Owner Faced a Five Month Delay Opening an Account with HSBC Due to Staff Being Deployed Processing Bounce Back Loans – Ombudsman Thinks the £200 Already Offered Is Fair Compensation BBL Complaints and Outcomes
[ January 5, 2022 ] Massively Over-Egging His Business Turnover and Using a Bounce Back Loan for Personal Benefit Resulted in a Company Director Receiving a 7 Year Disqualification Premium Content
[ January 5, 2022 ] Another Quite Lenient 4 Year Disqualification Handed Out for Using a Barclays Bank Bounce Back Loan for the Benefit of the Directors of a Business Instead of the Benefit of the Business Which By The Way Was Insolvent Premium Content
[ January 5, 2022 ] Insolvency Service Slaps a Company Director with a 9 Year Disqualification for Applying for and Getting a Bounce Back Loan When His Business Seemingly Was NOT Adversely Affected During the Pandemic Premium Content
[ January 4, 2022 ] Here Is My Reply to HM Treasury Demanding a Face-to-Face Meeting To Expose the Loophole BBL Lenders are Using to Scam Their Way to the Government Guarantee on Bounce Back Loans to the Detriment of BBL Borrowers and Taxpayers Premium Content

January 13, 2022

What term can I borrow a BBL over?

June 7, 2020

Loans under the Bounce Back Loan Scheme are available over a fixed six-year term More Bounce Back Loan Questions and Answers What term can I borrow a BBL over? What BBL fees/interest will I be […]

What BBL fees/interest will I be required to pay?

June 7, 2020

The government has set the interest rate for this facility at 2.5% per annum. Lenders are not permitted to charge any fees. More Bounce Back Loan Questions and Answers What term can I borrow a […]

When do I have to start BBL repayments?

June 7, 2020

The borrower is 100% liable for repaying the loan and any interest. The government will cover interest payable to the lender for the first 12 months. The borrower will then need to make full repayments […]

What products are offered on the BBL Scheme?

June 7, 2020

Accredited lenders are only permitted to provide term loans under the Scheme. The Scheme is targeted at supporting those businesses who need access to finance quickly and, therefore, requires lenders to offer a standard product. […]

How long will it take me to get the BBL funds?

June 7, 2020

The Scheme has been designed to enable businesses to access finance quickly. Businesses are required to complete an online application form, which is expected to be assessed by their lender within a matter of days. […]

How much can I apply for with a BBL?

June 7, 2020

Businesses can apply for between £2,000 up to 25% of their turnover, the turnover being from the calendar year 1st January 2019 to December 31st, 2019. The maximum loan available under the Scheme is £50,000. […]

How long is the BBL scheme open?

June 7, 2020

The Scheme is intended to be a temporary response to the unprecedented challenges to businesses as a result of coronavirus (COVID-19). The Scheme will initially open until 4 November 2020, with the government retaining the […]

How do I apply for a Bounce Back Loan?

June 7, 2020

The Scheme will be available through the British Business Bank’s accredited lenders. Businesses will be required to fill in a short online application form and self-declare that they are eligible for the Scheme. In the […]

Am I eligible for a Bounce Back Loan?

June 7, 2020

The Scheme is open to most businesses, regardless of turnover, who meet the eligibility criteria and who were established on or before 1 March 2020. Borrowers are required to declare, amongst other things, that: The […]

What is a Bounce Back Loan?

June 7, 2020

The Bounce Back Loan Scheme is a new scheme introduced to help smaller businesses impacted by coronavirus (COVID-19). It aims to assist those businesses to borrow between £2,000 up to 25% of a business’ turnover […]