Below you will find an insight into the Government’s response to the COVID-19 pandemic put together by the National Audit Office, it has some interesting insights, into among other things, the Bounce Back Loan scheme that some of you may find of interest. […]
Have been sent the following regarding the criteria and information that Metro Bank will require if you wish to apply for a Recovery Loan with them. Sent in by one of my website visitors, many thanks for that, as Metro Bank never did get back to me when I asked them, all a big secret it seems with some banks, which is of course due to the interest rates they are all able to charge as part of the terms of the scheme. […]
Today I present to you a letter sent out by Amanda Solloway MP on behalf of Paul Scully the Parliamentary Under Secretary of State in the Department for Business, Energy, and Industrial Strategy in reply to a constituent of another MP who had complained about the Recovery Loan Scheme. In case you are unaware the husband of Amanda Solloway was the director of a debt […]
If you needed any proof that the British Business Bank are not SME friendly you only have to look at their latest accredited Recovery Loan lender, that being Atom Bank, who will only let you apply for one of those loans via a Broker, who will of course rinse you for fees. Remember the BBB did cavort with them recently showing them how to bag those juicy fees SMEs will end up paying. Another nice trick pulled by […]
I have been contacted by several people this past week regarding NatWest and their demands for repayment in full of BBLs that bank has approved and paid out, so I will give you a quick update today, however they are still approving Bounce Back Loans for those still in their system. […]
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