Rishis Rancid Racket

No major surprise to learn that Bank of Scotland are taking an identical approach to Recovery Loans as Lloyds Bank and as such this is what you will be faced with if you wish to apply for one of those hard to get Government Guaranteed (80%) loans with the former named bank […]

Much like all other banks and lenders that are part of the Recovery Loan Scheme, RBS that being the Royal Bank of Scotland have designed their facility to reject as many SMEs as possible and push them towards their own range of loans instead. […]

One of the worst banks to have a Bounce Back Loan with is of course NatWest, having seen so many complaints about the way they treated SMEs regarding those loans, snatching them back, closing accounts etc. I am sure plenty of you will be wary about applying for a Recovery Loan with them. […]

After a couple of weeks of sending out annoying and time wasting text messages to their customers seeking a Recovery Loan, Barclays have finally sent out more details of what is needed to be supplied to the bank, here is that email and the list of what they want applicants to send into them as stage one of the process. […]

Another lender that the British Business Bank has decided is worthy of their accreditation is Oak North Bank, however if you are after a Recovery Loan of less than £500,000, they clearly do not want you to darken their doorstep. […]

I think I have found the most bizarre set of rules attached to who can or should I say cannot apply for a Recovery Loan with yet another British Business Bank accredited lender. […]

You will be amazed by the sheer brass neck of some of the British Business Bank accredited Recovery Loan Lenders, for many of them do have some outrageous and unique additional criteria attached to whom they consider worthy of applying with them for one of those loans, and Arbuthnot Latham certainly do. […]

The list of British Business Bank accredited Recovery Loan Lenders that are putting plenty of hurdles in front of those who need one of those loans to help their businesses recover gets longer each day.

In this update I will be taking a quick look at what Lloyds Bank are doing to ensure they slap down and put off as many SMEs as they can from applying for one of those loans. […]

To save you the time and trouble of applying for a Recovery Loan with the Royal Bank of Scotland, be aware that they do not allow businesses that are using a Personal Bank Account apply for one of those loans and are not allowing anyone with a Business Account opened on or after the 6th of April apply either. […]

It would make sense to allow banks to cherry pick their own customers if they were lending out their own money and taking on all risks when doing so. But let us not forget that Recovery Loans do have an 80% Government Guarantee, so taxpayers are backing them.

Once again, all on Rishi Sunak’s watch too, the British Business Bank are allowing yet another bank to do as they please with their Recovery Loan facility, and this time it is the turn of Santander to take the Mickey. […]