Todays News – Page 119 – Mr Bounce Back – Bounce Back Loan News – Updates

After Over-Egging His Business Turnover to Get a £50k NatWest Bounce Back Loan and Leaving it Unpaid at Liquidation a Company Director is Given a 9 Year Disqualification

January 30, 2023

Here is the story of the Bounce Back Loan wrongdoing that led to the Company Director named being slapped with a 9 year ban. […]

Having Skanked Starling Bank Out of a £50k Bounce Back Loan For His Dormant Company and Using the Money for Personal Benefit Another Company Director Gets an 11 Year Ban

January 30, 2023

For the list of wronging you can see in this case, the Company Director named is now starting an 11 year disqualification. […]

Bunging Himself and an Associate the Barclays £30k Bounce Back Loan He Got By Over-Egging The Turnover of His Business Leads to an 11 Year Ban

January 30, 2023

Hopefully this week we will finally get access to the latest Bounce Back Loan performance data, until then here is someone else who has just been given an 11 Year for BBL wrongdoing. […]

HM Treasury, the British Business Bank and the Department of Business, Energy and Industrial Strategy Release a Statement on the “Lessons They Have Learnt” from the Bounce Back Loan and Other Covid Loan Schemes

January 28, 2023

The term “lessons learnt” is one you will often here those in Government utter whenever something catastrophic or disastrous has occurred on their watch. So with that in mind, grab yourself a coffee and read […]

A Rather Modest 7 Year Ban for Using His Company’s HSBC Bounce Back Loan for Personal Benefit and Other Related Wrongdoing

January 26, 2023

As the clock ticks down to the next Bounce Back Loan performance data dump, here is the tale of another HSBC Bounce Back Loan that you will be helping to repay through your taxes, and for reference the Director has been given a 7 year ban. […]

Another Company Director Beginning an 11 Year Disqualification for Blagging a Bounce Back Loan Off Metro Bank and Using It for Personal Benefit

January 26, 2023

You will see why Metro Bank have put in a huge number of Bounce Back Loan guarantee claims when you read this story, which has resulted in the Company Director named being given an 11 year ban for his wrongdoing. […]

Director Gets a 6 Year Disqualification for Paying Off His Personal Credit Card with His Company’s Barclays Bounce Back Loan

January 26, 2023

Another Barclays Bounce Back Loan is heading for the Guarantee payout, due to the wrongdoing listed by the Company Director named below, who is starting a 6 year disqualification. […]

Three Co-Directors Slapped with 11 Year Disqualifications for Over-Estimating Their Estimated Turnover to Get Two Barclays Bounce Back Loans and Failing to Explain How They Estimated Their Estimated Turnover!

January 25, 2023

Over-estimating their estimated turnover but failing to explain how they estimated the estimated turnover of two businesses to secure two Bounce Back Loans leads to 3 Co-Directors each getting 11-year disqualifications. Confused? Read on for an overview. […]

5 Sole Traders Slapped with Bankruptcy Restrictions Orders and a Company Director Given a Disqualification for Wrongdoing that Saw 6 Bounce Back Loans Being Left Unpaid

January 23, 2023

Here is the latest rollcall of Sole Traders and a Company Director who are now starting Bankruptcy Restriction Orders and a Disqualification for the listed wronging that saw 6 Bounce Back Loans left unpaid. […]

NatWest Turn a Customers Bounce Back Loan Into a Standard Non-BBL Business Loan With No Government Guarantee and No PAYG Options – Ombudsman Says That’s Perfectly Fine

January 20, 2023

Missing the cut-off date for businesses to be eligible for the Bounce Back Loan scheme by one day sees this NatWest customer missing out on the PAYG options and the Government Guarantee on their BBL and having it turned into a non-BBL business loan, and the Ombudsman says the bank can do that. […]