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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. […]

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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 […]

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Day 2 and 8 Covid Tests – Do Not Get Ripped Off If You Are Planning a Holiday or Business Trip Abroad – Atruchecks NOT Recommended

June 7, 2021

A quick warning for any of you who may need to book the 2 and 8 day Covid tests if you are planning a holiday abroad or a business trip overseas, there are some, what appear to be Government approved rip off merchants out there who will threaten you if you attempt to complain to them (not that they can be contacted speedily anyway) when they fail to deliver the goods. Atruchecks let me down and they may let you down too. […]

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British Business Bank Confirms Bounce Back Loan Lenders Are “Not Mandated” to Offer the Pay As You Grow Options But Simply Are “Expected To Offer Them”

June 4, 2021

If proof was needed that even now, after the Bounce Back Loan Scheme has come to an end, just how messed up that scheme is and was, it is the revelation by the British Business Bank that lenders that offered those loans are not mandated to offer the PAYG options but are simply expected to offer them. Not everyone is […]

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Regional Lender Enterprise Answers Now Accredited to Offer Recovery Loans to Lancashire, Cumbria, and Yorkshire Dales Based Businesses

June 3, 2021

If your business is based in Cumbria, Lancashire (but not Greater Manchester) or in the Yorkshire Dales then you may be interested in Enterprise Answers, who are the latest lender to be accredited by the British Business Bank to offer Recovery Loans, but be aware as always, those new Government backed loans are proving hard to get. Amazingly lots of new lenders are appearing and […]