In this section of the website you will discover over 2400 defaulted Bounce Back Loans, along with the Company and Directors / Sole Traders names, all of whom received some form of punishment (also revealed) as it was found each of them had abused the BBL scheme in one way or another. Grab a coffee, but please do not choke on it, as you read them, for some of the BBL associated skulduggery is quite shocking.
It’s the First Time I Have Seen a CBILs Turning Sour Due to Director Wrongdoing, and the One Associated with this Loan Has Just Received a 7 Year Disqualification
With the banks taking a small percentage of the risks associated with CBILs loans, rather that the Government giving the lender a 100% guarantee as with Bounce Back Loans, it is HSBC who has just seen the loan in the following case turning sour and as such is left to eat up a chunk of that loss. […]