Good morning, I am in hospitality and have 4 businesses. All separate limited companies owned by me but not part of a group structure. I bank with Starling who I think are pretty awesome on the whole. On Monday I applied for BBS for one of my Companies and got paid out in 2 hours. Pretty impressive!
However Starling won’t allow me to apply for my other limited companies. Without these loans I don’t expect to be able to reopen my other places.
I’ve spoken to other banks , other operators and trade associations and it’s clear from these discussions that others with the same structure as me have had multiple applications for their separate businesses approved and paid out.
Starling seems to be interpreting the rules differently from others.
I could try to switch banks but that isn’t as easy as it sounds.