Premium Content

Looking for new customers can be a never ending and sometimes daunting task, however with organisations such as the British Business Bank offering contracts worth £75,000 for “Social Media Support”, £89,209 for “cleaning services” for their Sheffield office and even contracts worth £40,000 for “courier services” and £40,000 for “catering services”, that being keeping their staff fed and watered during meetings, you should consider applying […]

The phrase “lessons will be learned” is one you are going to hear quite a lot of moving forward, much more so when it comes to the Government backed loan schemes, and yesterday it was rolled out several times during a Public Accounts Committee meeting in which they had sat before them a couple of hapless bosses of the British Business Bank. […]

Many of you are more than aware of the stunts that Tide pulled with their Bounce Back Loan scheme, dodgy waiting lists, running out of money, bagging a £25m BCR Grant etc, well now they have stuck two fingers up to the few customers who managed to get a BBL from them, telling them they can do one and get stuffed if they think they are going to get access to the Pay As You Grow Options that Rishi Sunak has said are automatic and so easy to get. […]

It appears that HSBC have certainly been telling huge, big lies to their customers, in fact I have now received a plethora of complaints about them which are similar to my experience with that Pound Shop Bank. They are offering cash compensation to make the problem go away but are also offering “beathing space” for those they have messed about which is […]

It is good to see some decent bank staff out their finally admitting the Bounce Back Loan scheme, even at this stage of the game with repayments now due is messed up, and Barclays employees are admitting just that, HSBC on the other hand though are now double checking Kinetic account BBL’ers and closing some of those accounts and demanding repayment of many BBLs acquired through those accounts too, take a look at the letters they are sending out. […]

I had the chance to speak to one senior banker who will remain anonymous yesterday, who has given me a little bit more insight into the problems they are facing with Bounce Back Loans and is happy for me to share his revelations and insights with you. […]

Either the British Business Bank are sulking and are on a go slow after their shameful smackdown from the National Audit Office over their accreditation of Greensill, or new potential Recovery Loan lenders are wary of signing up to that dubious scheme and have decided not to apply for accreditation to save their reputations. It has been […]

The British Business Bank are a gift that keeps on giving, but not in a good way and despite their hatred of Bounce Back Loans and their constant badgering of the Government pre-launch to make them more like CBILS and CLBILS, low and behold they have just been given a huge slap down by the National Audit Office. […]

Well, what a surprise, the reason HSBC have been messing me and many others around with their Bounce Back Loans and refusing them top ups and/or refusing them access to the Pay As You Grow options may finally have become obvious, they have issued those loans incorrectly […]