Metro Bank made a complete hash of things when it came to opening new business accounts and also processing Bounce Back Loans, and today you can find out what one of their bosses has to say on how that bank fared (in their opinion) during the BBL scheme regarding opening accounts for new business customers. […]
I heard plenty of complaints about Barclays relating to SME’s trying to open business accounts with that bank with the aim of getting an account opened and then going on to try and apply for a Bounce Back Loan, today you can find out what one of their bosses has to say on that subject and other related questions she has answered. […]
As someone who may have tried to apply for a Business Account with HSBC with the aim of getting a Bounce Back Loan, you will know whether you experienced any problems or not, and below you will find the official response from HSBC regarding such accounts and how they handled things during the time BBLs were available. […]
You can now apply for a Recovery Loan from Funding Circle as they have just been accredited by the British Business Bank, and they claim that you can find out if you are eligible via their online checker tool in 30 seconds, and they also claim within 10 minutes you can apply for one of those loans and will be paid out your funds promptly if approved. Good luck with that. […]
The fashion guru and “Westminster hairstyle trend setting” MP, Alok Sharma, he who oversaw the Bounce Back Loan Scheme, has decided the time is right to demand you all start wearing or selling (if you are a clothes retailer), hand me down clothes, or if you operate a beauty salon you must go green, so no more punk or beehive hairstyles held in place with […]
As most people sat in amazement watching Dominic Cummings lay into Boris and Hancock yesterday, the British Business Bank announced the accreditation of two lenders on the 26th of May 2021, one of which is BCRS Business Loans, however they are a regional lender and one that does charge some hefty […]
The British Business Bank are currently accrediting several additional Recovery Loan Lenders, and one that is now offering those loans is Close Brothers, who will allow you to apply if you are currently one of their Invoice Finance customers or are prepared […]
As you may recall I made contact with Charles Leslie from the Credit Services Association in the hope that he could explain the code of ethics and standards that all debt collectors and recover agents signed up to that Association he heads will be expected to adhere to when asked to attempt to recover funds from those defaulting on Bounce Back Loans, and a range […]
It looks like Starling Bank have finally given in to pressure to get their PAYG BBL Options live but be warned they are monitoring Companies House and demanding repayment of Bounce Back Loans in full if anything is amiss, and HSBC are delaying the activation of those options for some SMEs too. Feedback received also indicates that HSBC […]
Worryingly, I have had a slew of complaints about Barclays demanding repayment of BBLs sent to me over the weekend (for various different reasons) and today I will give you an insight into what they are offering one of those customers by way of options for repayment before they farm them off to their collections team and/or debt collectors. […]
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