My Fireside Chat with the British Business Bank and UK Finance Discover What Both Organisations Have To Say About They Designed the Bounce Back Loan Scheme Including Help and Support That Is Available If You Are Struggling to Repay Your BBL

A big thanks to Patrick Magee from the British Business Bank and Stephen Pegge from UK Finance (the latter who was representing 28 of the BBL Lenders) who kindly volunteered to take part in my Fireside Chat, in which we discuss all things Bounce Back Loan related.

Please grab a coffee and tune in as I just know many of you will find the topics discussed relating to BBLs of interest. In the interests of openness the cost of the film crew has been split 50/50 between the British Business Bank and me.

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BBL Helpline: 15,198 Calls – £278,961,733.33 in Callers BBLs Not Pursued – Lovely

Tune In

Topics Covered and Timestamps

Here are the main topics we covered in our fireside chat along with the location in the video you will find each discussion. However, if you do have time, please watch the entire video as it will enlighten you on the current state of play with the Bounce Back Loan scheme and some other things are discussed throughout the video too.

Build Up to the BBL Scheme Launch – 0 Min 22 Seconds

What is the Reservation Letter? – 4 Min 25 Seconds

Why is the BBL Scheme a Delegated Scheme? – 6 Min 47 Seconds

British Business Bank’s On-Going Role with the BBL Scheme – 8 Minutes 1 Second

Argument for Not Publicly Naming BBL Recipients – 10 Minutes 36 Seconds

BBL Pay as You Grow Options – 14 Minutes 18 Seconds

Additional Tailored Forbearance/Support – 16 Minutes 18 Seconds

What Happens After Missed Repayments? – 21 Seconds 2 Seconds

Role of Debt Collectors / No Doorstep Visits – 22 Minutes 11 Seconds

Formal Demand for Full Repayment of a BBL – 24 Minutes 19 Seconds

Income/Outcome Forms When Arranging a BBL Repayment Plan – 25 Minutes 14 Seconds

Enforcement and Non Enforcement of Bounce Back Loan Debts – 27 Minutes and 20 Seconds

Can the British Business Bank Yank BBL Guarantees? – 28 Minutes 13 Seconds

Lenders Asking for BBL Guarantees to be Removed – 29 Minutes and 6 Seconds

Do Borrowers Get Told if Their BBL Has Had Its Guarantee Yanked? – 29 Minutes 29 Seconds

Complaining About Unfair Treatment by BBL Lenders – 30 Minutes 2 Seconds

BBL Facts and Figures – 31 Minutes 40 Seconds

Guarantee Claims Put in are Fully Audited – 32 Minutes 57 Seconds

Take Up of PAYG Options – 33 Minutes 19 Seconds

How Many BBLs Have Been Fully Repaid – 33 Minutes 40 seconds

Suspected Fraud Figure Discrepancies – 36 Minutes 42 Seconds

Annoying Account Reviews/ “Safeguarding” Reviews – 39 Minutes and 51 Seconds

Accidental/Inadvertent BBL Application Errors by Borrowers – 41 Minutes 54 Seconds

Are Personal Assets Safe If I Cannot Repay My BBL? – 43 Minutes 38 Seconds

What Other Services Does the British Business Bank Offers? – 45 Minutes 26 Seconds

Patrick is Leaving the British Business Bank – 49 Minutes 52 Seconds

Final Words For Anyone Struggling to Repay Their BBL? – 51 Minutes 5 Seconds