
Santander Demands £50k Bounce Back Loan Repayment for Unreasonable Turnover, Ombudsman Dismisses Complaint

Directors face bans of six, seven, and 11 years for misusing Bounce Back Loans totalling £98,000 from Santander, Lloyds, and Coutts, costing significant guarantee claims. […]
A nine-year ban was imposed on a director who exaggerated turnover to obtain a Santander Bounce Back Loan, then diverted most of the funds for personal use, neglecting business needs. […]
NatWest seized two Bounce Back Loans from an SME. The Ombudsman dismissed the complaint, despite a noted error in the ruling, upholding the bank’s actions. […]
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