
Lloyds Recalls Bounce Back Loan, Rejects Compensation, Ombudsman Dismisses Complaint

A director has been disqualified for 11 years after exaggerating his company’s turnover by over £150,000 to obtain a £50,000 Lloyds Bank Bounce Back Loan, which remained unpaid at liquidation. […]
Karol Wychowaniec, director of Bifinor Limited and Lovely Kids Limited, has been hit with an 11-year directorship ban starting this Bank Holiday Monday. The ban follows his failure to account for £50,000 Bounce Back Loans from Metro Bank and Lloyds, secured for each company.
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Dive into the transcript of a critical discussion on Bounce Back Loan recoveries, featuring insights from the British Business Bank, Credit Services Association, and UK Finance. […]
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