Todays News

Please sit back and have a good look through this section of the website as it lists, in order, starting with the most recent then working backwards, each and every news story and article related to Bounce Back Loans that has been loaded up onto the website

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TSB Customer Misses Out on a Bounce Back Loan Top-Up Due to Various Reasons Including That Bank Listing an Unmonitored Email Address on Their Website, The Ombudsman Says £75 Compensation is Adequate

September 19, 2022

Whilst TSB are being very, very fair with people who call them up and tell them they cannot repay their Bounce Back Loan with the bank explaining to them how they will claim on the guarantee and not hound them, here is a complaint about them the Ombudsman has just ruled on. […]

Claiming Her Business Turnover Was £130k When It Was In Fact £4892 and Getting a £30k Bounce Back Loan on the Strength of That Over-Egged Turnover Leads to a 10 Year Disqualification

September 16, 2022

Here is another sorry tale of a Company Director blagging a Bounce Back Loan and leaving it unpaid, resulting in the taxpayer picking up the tab and her getting a 10-year disqualification. […]

Bounce Back Loan and Job Retention Scheme Wrongdoing Results in a Company Director Getting a Hefty 12 Year Disqualification

September 16, 2022

A 12-year ban has just been handed to the Company Director below, who applied for and got a Bounce Back Loan when she had taken steps to place her Company into a CVL, and also getting over £60k to which her Company was not entitled to via the Job Retention Scheme. […]

At What Point Will a Bounce Back Loan Lender Give Up Trying to Recover a BBL?

September 15, 2022

Today I present to you the words of, and correspondence from Sarah Munby the Permanent Secretary for the Department for Business, Energy and Industrial Strategy ( BEIS ) who explains why a Bounce Back Loan Lender should NOT “chase” you for more than 12 months at most if you do not repay your BBL. […]

Company Director Given an 11 Year Ban for Getting a £50k Bounce Back Loan from Barclays When Only Eligible for £12,950 and Another Also Given an 11 Year Ban for Getting a £45k NatWest BBL When Only Eligible for £4,428

September 15, 2022

Getting a Bounce Back Loan by over-egging their turnover, then spending most of it on themselves and not the business, and ultimately taking the insolvency route has resulted in the two Company Directors named below being given 11-year disqualifications, which they are now starting. […]