
Director Banned for 6 Years for Overstating Turnover and Partially Misusing Lloyds Bank Bounce Back Loan

The Insolvency Service’s probes have banned directors for using Bounce Back Loans to fund non-business ventures. […]
A director faces a five-year ban after misusing a £30,000 Lloyds Bank Bounce Back Loan, prompting the bank to claim on the government guarantee. […]
Lloyds prevented a sole trader from opening a business account for a Bounce Back Loan. The Ombudsman upheld the complaint, ordering £300 compensation for the restriction. […]
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