
Santander Seizes Bounce Back Loan After Turnover Review, Ombudsman Dismisses Complaint

A director has been banned for 11 years for securing a £50,000 Santander Bounce Back Loan for an ineligible business and transferring it to himself. The disqualification reflects severe misuse uncovered during insolvency. […]
A director faces a five-year ban for securing a £40,000 Santander Bounce Back Loan and transferring it to himself, not using it for business benefit. The disqualification underscores misuse of pandemic relief funds. […]
A Lloyds customer claimed a bank employee misled him about a Bounce Back Loan shortcut for sole trader to Ltd company conversion. […]
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