Lenders Who Have Had Their Bounce Back Loan Guarantees Yanked by the British Business Bank Begin Threatening Defaulters Of Those Loans With “Possible Legal Action and Interest/Costs” – Over 11,000 BBLs Do Not Have Guarantees Attached – Take a Look at One Such Threatening Letter
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Watch Your Backs
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Corruption Commissioner
HMRC, Cabinet Office and the Department of Business and Trade Have Now Flagged Bounce Back Loan Recipients Whose Actual Turnover Didn’t Match Their BBL Application and/or LTD Companies Who Were Not Registered for VAT But Declared a BBL Turnover Figure That Required VAT Registration