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A Series Of Errors Results in an SME Receiving a Bounce Back Loan Months After They Applied – Ombudsman Decides HSBC Is Fair In Offering Just £150 For The Delay and Errors

January 16, 2022

Here is another Bounce Back Loan related case that ended up on the desk of Ben the Ombudsman regarding HSBC. I now also have it in writing (even though I have proven it before) that when […]

Starling Bank Sure Do Have a Lot of Bounce Back Loans Turning Sour – Here Is Yet Another £50k BBL That Has Been Defaulted On Resulting in a 6 Year Disqualification for a Company Director

January 14, 2022

Having obtained a £40k Bounce Back Loan from Starling Bank then a few months later topping it up to £50k, and then taking the insolvency route but not explaining where the funds for that loan went after transferring them to his personal account, the Company Director in today’s case has just […]

What Happens If You Miss a Bounce Back Loan Repayment? Let’s Look at the Email that Starling Bank Send Out

January 13, 2022

As lenders have agreed to a set of “standards” when it comes to chasing those with a Bounce Back Loan and who are in arrears or even default, today I will reveal the standard email that Starling Bank send out as soon as a BBL repayment has been missed. This is one of many I have been sent from SMEs who sadly […]

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

January 12, 2022

As the number of businesses going bust continues to rise, so too does the number of Company Directors hit with a long disqualification when they have declared their business insolvent and have been found to have committed some form of wrongdoing with a Bounce Back Loan. Here is yet another case of a Santander Bank BBL being used for […]

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

January 12, 2022

If you wind up your company with a Bounce Back Loan still owing, and you committed some form of wrongdoing with that loan, then you can expect a long disqualification, which this case involving a Barclays Bank BBL will […]