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[ July 22, 2021 ] All Freedom of Information Requests Received by and the Replies Sent Out by the Department for Business, Energy and Industrial Strategy (BEIS) Related to Bounce Back Loans Premium Content
[ July 21, 2021 ] Liquidator Unable to Determine When a Company Started and Ceased Trading and Whether Turnover Was Correct or Over-Egged when Director Applied for a £48,750 BBL – Outcome Director Disqualified for 7 Years Premium Content
[ July 21, 2021 ] Tide Bang the Final Nail in the Coffin for Many of Their BBL Recipients Whilst Rishi Sunak, Kwasi Kwarteng, Paul Scully and Members of the House of Lords Who Get Paid by Tide Swan Off on Holiday Premium Content
[ July 20, 2021 ] Is the Idea Put Forward by One MP Regarding Turning the Bounce Back Loan Scheme into a Student Loan Type of Scheme a Good One? Give Me a Call and Let us Discuss It Todays News
[ July 19, 2021 ] Sadly SEISS 5 Claim Dates Look Later Than Last Time – Rishi Pulls a Nasty Trick Before Swanning Off on His Holidays – Check Your Claim Date Todays News
[ July 17, 2021 ] Businessman Applies for and Secures a Bounce Back Loan Worth a Tasty £30,000 But for a Company Not Trading, Then Liquidates Company and is Disqualified for 6 Years The Disqualification Files
[ July 17, 2021 ] Six Year Disqualification for Company Director That Used Just £617 of a £20,000 Bounce Back Loan on Business Expenditure and Paid Himself/Associates the Remainder The Disqualification Files
[ July 17, 2021 ] Another Person Disqualified for 6 Years This Time for Using Half of a £39,000 Bounce Back Loan for Personal Benefit Which He Applied for Three Days After Instructing Liquidators to Liquidate His Company The Disqualification Files
[ July 17, 2021 ] Another Company Director Disqualified for Over-Egging Turnover and Not Supplying Proof That a Bounce Back Loan Was Used to Benefit His Business Premium Content
[ July 16, 2021 ] HSBC Now Offering Not Only Cash Compensation to Those They Have Completely Messed Up the BBL PAYG Options for, But Are Now Offering a Couple of Months Breathing Space Too Premium Content
[ July 15, 2021 ] Delays to Pay As You Grow Options Continue with Barclays Bank Staff Admitting “It’s All Messed Up” and HSBC Are Now Checking Kinetic Accounts and Closing Some of Them and Requesting Repayment of BBLs Premium Content
[ July 15, 2021 ] We Must All Get Behind Owen Thompson SNP MP for Midlothian In His Quest for Bounce Back Loans to Be Switched Into a Student Loan Type Arrangement – SMEs Only Repay When They Can Afford to Todays News
[ July 14, 2021 ] Senior Banker States: “We Are More Worried About Losing Our BBL Guarantees Than Killing Off Small and Medium Sized Businesses” and an Update on the Rating and Directors Disqualification Bill Premium Content
[ July 13, 2021 ] Fancy a Job Untangling the Mess That is Bounce Back Loans? Well One Bank is Looking for You! Premium Content
[ July 12, 2021 ] No New Recovery Loan Lenders Accredited for 3 Weeks – Are Financial Institutions Too Embarrassed to Be Associated with That Hare-Brained Loan Scheme? Premium Content

July 22, 2021

Barclays Finally Sending Out Text Messages Acknowledging Recovery Loan Applicants – But Be Warned About the Bank Referral Scheme

April 9, 2021

Just a quickie for those of you that have been asking about Barclays, they have just sent out a mass batch of text messages, similar if not identical to the one below: […]

When are the likes of Starling Bank and Metro Bank Going to be Offering Recovery Loans?

April 8, 2021

Based on a recent poll I ran, around 60% of business owners who want to apply for a Recovery Loan are currently waiting for their bank to start offering them, well if you are one such person waiting for the likes of Starling Bank or Metro Bank, I have the reason why they are not offering them yet but can give you an idea of when they will be doing so. […]

HSBC Eager to Offer Recovery Loans – But What are the Chances of Getting One?

April 7, 2021

I have been contacted by some of my army of followers on Twitter and beyond regarding their experiences of applying for a Recovery Loan with HSBC. So, as always, let me pass on that information to you so that you can make a well balanced decision as to just what your chances are of getting and what you will need to do to apply. […]

Lloyds Bank Turn from King of the Castle into the Dirty Rascal with Recovery Loans

April 7, 2021

Many people, myself included, had nothing but praise for the way Lloyds Bank handled their Bounce Back Loan facility, they had to break banking rules to fire them out the door rapidly, and took on the chin the slapping they got from the regulator for doing so, but sadly they have changed when it comes to Recovery Loans. […]

Clydesdale Bank Takes the “Easy” Option (for them) When it Comes to Offering Recovery Loans

April 7, 2021

Having had plenty of time to design their respective Recovery Loan facilities, a number of lenders have put a system in place that allows them (the lender) to take an easy option so to speak, and that is certainly the case with Clydesdale Bank. […]

Who Let Santander Cherry Pick Who to Offer Recovery Loans To?

April 7, 2021

The Recovery Loan Scheme descended into farce yesterday (the day it went live) in many ways, and I will of course be looking at those business loans in the days and week ahead. However, today I want to dedicate a little bit of time to the unbelievable way that Santander have chosen to offer those loans. […]