Ben and Charley Cain, Directors of 20KINLOCH Ltd, Receive 6-Year Bans for Failing to Verify Use of £50,000 Barclays Bounce Back Loan
BBL Complaints Dismissed
Barclays Recalls Bounce Back Loan Days After Approval, Ombudsman Dismisses Complaint
Barclays approved a Bounce Back Loan, then recalled it days later after a review. The Ombudsman dismissed the complaint, finding no fault in the bank’s actions. […]
BBL Blaggers
Three Sole Traders Face Lengthy Bankruptcy Restrictions for Bounce Back Loan Misuse
Three sole traders have been slapped with bankruptcy restriction orders lasting 7, 10, and 11 years for abusing the UK’s Bounce Back Loan scheme, designed to support businesses during the COVID-19 pandemic. The Insolvency Service uncovered that the individuals either overstated their business turnover to secure larger loans or misused funds for personal expenses, prompting severe penalties.
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BBL Blaggers
Three Sole Traders Banned for Bounce Back Loan Fraud and Fund Misuse
Three sole traders face lengthy Bankruptcy Restrictions Orders for inflating turnover to secure larger Bounce Back Loans, with two failing to use the funds for business purposes, violating loan regulations. […]