
Barclays Locks Bounce Back Loan Account for Four-Month Review, Ombudsman Dismisses Complaint

Satpaldip Singh Pahal, director of Sat Housing Ltd, has been banned for five years for transferring a £30,000 Barclays Bounce Back Loan to an associated company. The liquidator has enlisted a legal firm to pursue repayment. […]
Santander demanded repayment of a £50k Bounce Back Loan due to an unreasonable turnover estimate. The Ombudsman dismissed the complaint, upholding the bank’s review. […]
Using Bounce Back Loans to pay unverified creditors has resulted in directors facing disqualification and legal action. […]
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