Other Updates Archives

They Have Made a Complete Hash of the SME Brexit Support Fund But No Surprise There I Guess

June 11, 2021

Having been dangled in front of SMEs since back in February, the SME Brexit Support Fund was designed to help small business owners obtain a grant of £2000 to help them get their heads around new rules and regulations regarding importing and exporting now that Brexit has happened, and as I hinted at back then, it was an accident waiting to happen. […]

For Those of You Desperate for Business Funding Do Not Forget the Start Up Loans Scheme As You May Be Pleasantly Surprised At How That Scheme Has Been Designed

June 10, 2021

If you have a nose on your face, then you will be more than aware at how the Recovery Loan Scheme is helping very few SMEs, and with the current chance of a BBL MKII Scheme looking highly unlikely, today I want to enlighten you on the Start Up Loans Scheme which has helped many people with a business that has been established for up to 2 years and those wishing to start a new business secure funding, and I have been getting good feedback on it too (makes a pleasant change). […]

Been Convicted of Dropping Litter? Not Paid Your Tax Bill? All Possible Reasons a Bank Will Issue an Event of Default for a Bounce Back Loan!

June 9, 2021

I have been busy of late trying to make sense of the constant stream of snatch back letters many banks have been sending out, which are basically demands for the full and early repayment of Bounce Back Loans, and whilst some of the reasons they are sending such demands/letters out are obvious, some border on the downright outrageous, let me explain. […]

Very Early Indications Are That Some Bounce Back Loans Have Been Paid Back in Full, PAYG Options Are Being Utilized by Many and Defaults Are Beginning to Appear

June 8, 2021

Information has been pouring in about the Bounce Back Loan scheme including repayments, defaults and even those repaying in full, and with that in mind today I will give you a quick insight into what is happening out there, as I know many of you are trying to make sense of it all. Keep in mind that […]

WARNING – Some Banks Appear to Be Taking Full Monthly BBL Repayment Amounts Out Of Customers Accounts When They Have Taken One of the PAYG Options

June 7, 2021

As we are now in month thirteen since the launch of the Bounce Back Loan Scheme, that does of course mean that if you got one of those loans in the first few days of the scheme going live, your first repayment will soon be due. I am however receiving reports that some SMEs have had the full monthly repayment amount taken out of […]