
Lloyds Ordered to Pay £100 for Bounce Back Loan Application Distress, Ombudsman Upholds Complaint

Bounce Back Loan misuse, such as funding personal property purchases, has led to directors facing Insolvency Service bans. […]
A director has been disqualified for 11 years after obtaining a £30,000 Lloyds Bank Bounce Back Loan, plus a £20,000 top-up, for a business that never traded. […]
Nassar Ali, director of AHNA Limited, faces an eight-year ban after claiming a £200,000 turnover, when it was £4,830.55, to obtain a £50,000 Lloyds Bank Bounce Back Loan. […]
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