Subscriber Special

Claiming a Third Party Company Assisted in Applying for His Company’s Bounce Back Loan Using an Over-Egged Turnover Leads to an 11 Year Disqualification

I have spoken to a lot of people who enlisted the help of third party firms to help them apply for a Bounce Back Loan, and this case involves one such firm who it is alleged over-egged the turnover of the Company they helped get such a loan. Ultimately though the Director of the Company that got the BBL has been given an 11 year ban, for the reasons outlined. […]

Subscriber Special

HSBC Boss Admits If They Suspect Someone Over-Egged Their Turnover to Get a BBL They Are Allowing Them to Repay Their Loan as Per the Original Repayment Terms

You may be aware that some people are receiving letters from their Bounce Back Loan Lender seeking clarification on the original turnover figures used to apply for their BBL. Here is Karl Reid, Head of Lending UK Commercial Banking, HSBC saying they are allowing those that they suspect over-egged their turnover to repay those loans as normal as long as they didn’t commit much more serious “fraud”. […]