Premium Content

An “Investment Big Bang” is what Boris and Rishi are eager to see moving forward, and in this heartfelt plea to institutional investors they bestow the virtues of the many green industries that are ripe for the picking across the UK. […]

I recently asked the British Business Bank how many Recovery Loans had been approved, they replied saying it would be in September when they reveal those figures, but hinted, as we all know, approvals are not huge in number. However, they have supplied me with some figures relating to Start-Up Loans which show 93,384 applications have been declined and […]

Sometimes I believe the Bounce Back Loan scheme is all a bad dream and everyone experiencing problems (or not) with that scheme will wake up and realise it was indeed a nightmare. Today you will discover the latest nonsense from one of the accredited lenders of that scheme famed for their idiocy, that being HSBC, take a look at this letter […]

It appears HSBC are realising they made so many cock-ups during the Bounce Back Loan scheme they need to take it on the chin, and in fact they are doing just that. One customer of theirs who had been sent out a snatch-back letter earlier this year has just been told they can keep the loan and on the same repayment terms. However, in an added twist, the Financial Ombudsman decided they were right to demand repayment. […]

The Bounce Back Loan scheme rumbles on, with the next saga for many people with one of those loans being taking the PAYG options or working out how the hell they are going to pay them back. […]

There was a lot of confusion in the early days of Pay as You Grow regarding the differences between the impact on somebody’s credit rating and their credit worthiness, for clearly if you fail to make one of your payments on a Bounce Back Loan that would impact on your credit rating. […]

As you may be aware, the National Audit Office are currently performing a second investigation into the Bounce Back Loan scheme, and much like I did on the first one, I spent the afternoon yesterday chatting to them and alerting them of the way some BBL customers […]

Many verified reports coming in about Lloyds Bank blocking debit cards and cancelling Direct Debits if low and behold you miss a Bounce Back Loan repayment, it appears they are doing this to force you to speak to their team. This explains why most SMEs worried about the future are moving every penny out of their business accounts […]

The benefit of me having direct contact with such a large network of SMEs that have taken out Bounce Back Loans, is that I know what they are going through, their worries and what they are faced with, and now the boss of one accredited Government backed loan lender has come forth and stated, as is obvious and something we all deep down know already, without changes to each of the loan schemes a much higher number of loans will be defaulted on than is currently being suggested. That lender is […]

You certainly do have to keep hounding banks when it comes to the PAYG Options on a Bounce Back Loan, further to my report last week, surprise surprise they are now sending out letters to their BBL recipients letting them know the options available and giving them a direct email address to contact, below is one of those letters, as I know many of you were getting worried about the PAYG options with that bank, and yes, as expected it is a manual process. […]