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

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[ November 25, 2022 ] Meeting Between the Cabinet Office, Lloyds Bank and Starling Bank About Fraud in the Bounce Back Loan Scheme to Remain Secret and the Cabinet Office Says Its “Vexatious” of Me to Ask What It Was About Todays News
[ November 25, 2022 ] Providing Knowingly Inaccurate Trading and Turnover Information to Bag a £32,000 Barclays Bounce Back Loan and Leaving it Unpaid at Liquidation Leads to a Hefty 11 Year Disqualification The Disqualification Files
[ November 25, 2022 ] With No Accounting Records Supplied to the Liquidator It Was Not Possible to Determine Whether a Company Director Was Guilty of Any Bounce Back Loan Wrongdoing So He Gets a Reduced 6 Year Ban The Disqualification Files
[ November 24, 2022 ] After Working Out a Company Was Not Trading When It Secured a Santander Bounce Back Loan by Checking Its Bank Account, Whether It Was Paying Business Rates and the Lease of the Business Premises, a Director is Given a 10 Year Ban for BBL Wrongdoing The Disqualification Files
[ November 23, 2022 ] 10 Year Ban for Getting a Barclays Bounce Back Loan of £50k By Over-Egging His Company’s Turnover When Only Entitled to a BBL Valued at a Tad Under £10k and Leaving it Owing at Liquidation The Disqualification Files
[ November 21, 2022 ] The Insolvency Service Refuses, On the Grounds of Befuddlement and Then Cost, to Give Figures on the Number of Company Directors Who Have Successfully Appealed a Decision to Ban Them for Bounce Back Loan Wrongdoing Subscriber Special
[ November 21, 2022 ] Skulduggery with a £50k Barclays Bounce Back Loan and Blagging Tower Hamlets Council Out of Business Grants, Sees a Company Director Slapped with a 9 Year Disqualification The Disqualification Files
[ November 21, 2022 ] Having Blagged a £50k Bounce Back Loan from Santander for His Business That it Was Not Entitled to and then Transferring it to Himself and Taking the Insolvency Route with the BBL Still Owing, a Company Director is Given an 11 Year Ban The Disqualification Files
[ November 21, 2022 ] Over-Egging His Company’s Turnover to Secure a Bounce Back Loan Higher in Value Than Eligible for, Then Signing to Get His Company Struck Off Results in a Company Director Getting a 9 Year Ban The Disqualification Files
[ November 20, 2022 ] NatWest Decline a Customers Bounce Back Loan Stating He Wasn’t Trading Prior to March 1st, 2020, Even Though He Had Been Trading for Years – Ombudsman Finally Orders Them to Pay Him £250 BBL Complaints and Outcomes
[ November 20, 2022 ] NatWest Told to Pay £100 Compensation and 8% Interest on £300 They Delayed Paying out to a Customer When They Approved but then Declined His Bounce Back Loan and Closed His Account BBL Complaints and Outcomes
[ November 19, 2022 ] Read the Testimony of Someone Who Purchased a Rolex Watch, Travelled and Gambled and Misused a Bounce Back Loan Who Has Just Been Given a 7 Year Bankruptcy Restrictions Order. Plus, Three Other People In a Similar Situation The Disqualification Files
[ November 18, 2022 ] As the Taxpayer Protection Taskforce Get Ready to Disband, Tales of the Hoops They Make SME’s Jump Through to Verify They Were Eligible for SEISS, the Eat Out to Help Out and the Job Retention Schemes Continue to Come In – Here is One of the Letters They Send Out Subscriber Special
[ November 17, 2022 ] With No Accounting Records Supplied to the Liquidator That Could Have Explained Where a £50k Bounce Back Loan Went, a Company Director is Given a 6 Year Disqualification The Disqualification Files
[ November 17, 2022 ] Co-Directors Slapped with Very Modest 4 Year Disqualifications for Wrongdoing Associated with a Barclays Bounce Back Loan and Trading to the Detriment of HMRC The Disqualification Files

November 26, 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 […]