Lloyds – Page 18 – Bounce Back Loan

Six Sole Traders from Multiple UK Locations Face Bankruptcy Restrictions for Misusing Lloyds Bounce Back Loans

Six sole traders from Worcester, Cobham, Chester, London, Stanmore, and Rotherham have been hit with lengthy Bankruptcy Restrictions Orders for abusing the Bounce Back Loan scheme, primarily involving Lloyds Bank loans. […]

Walsall Director Banned for 12 Years for Illegally Securing £100,000 in Dual Bounce Back Loans from HSBC and Lloyds, Settles for £10,000

A Walsall director faces a 12-year ban after fraudulently obtaining two Bounce Back Loans, nearly £100,000, from HSBC and Lloyds for his single company. […]

Tower Hamlets Director Banned for 10 Years for Falsifying Turnover to Secure Lloyds Bank Bounce Back Loan and Buying Car, Defaults on Repayment Plan

A Tower Hamlets director faces a 10-year ban after overstating his turnover to secure a Lloyds Bank Bounce Back Loan, using it to buy a car, and twice failing to adhere to a repayment plan agreed with the liquidator. […]

Lloyds Bank Misleads Borrower on Bounce Back Loan Shortcut, Ombudsman Dismisses Complaint Citing Confused Recollections

A Lloyds customer claimed a bank employee misled him about a Bounce Back Loan shortcut for sole trader to Ltd company conversion. […]

Worcester Director Banned for 9 Years for Falsifying Turnover to Secure £25,000 Lloyds Bank Bounce Back Loan, Co-Director Banned for 5 Years

A Worcester director faces a nine-year ban for overstating his company’s turnover to secure a £25,000 Lloyds Bank Bounce Back Loan, while his co-director received a five-year ban for knowing or should have known about the wrongful turnover declaration. […]

Peterborough Director Banned for 11 Years for Falsifying Turnover to Secure £50,000 Lloyds Bank Bounce Back Loan and Misusing Funds

A Peterborough director faces an 11-year ban, starting March 6, 2024, after overstating his business turnover to obtain a £50,000 Lloyds Bank Bounce Back Loan and not using all funds for business purposes. […]

Walsall Barbershop Directors Banned for 9 Years for Falsifying Turnover to Secure £84,500 in Lloyds Bank Bounce Back Loans

Two Walsall barbershop directors face nine-year bans after overstating their business turnover to obtain a £50,000 and a £34,500 Bounce Back Loan from Lloyds Bank. […]

Felixstowe Director Banned for 10 Years for Unjustified Turnover Estimate to Secure £45,000 Lloyds Bank Bounce Back Loan

A Felixstowe director faces a 10-year ban after failing to explain his company’s overestimated turnover used to obtain a £45,000 Lloyds Bank Bounce Back Loan. […]

Croydon Director Banned for 10 Years for Falsifying Turnover to Secure £50,000 Lloyds Bank Bounce Back Loan, Despite Partial Repayment

A Croydon director faces a 10-year ban after overstating her business turnover to obtain a £50,000 Lloyds Bank Bounce Back Loan, despite repaying £6,000 and agreeing to further payments. […]

Leeds Director Banned for 10 Years for Overstating Turnover Elevenfold to Secure £50,000 Lloyds Bank Bounce Back Loan

A Leeds director faces a 10-year ban after exaggerating his business turnover by nearly 11 times to obtain a £50,000 Lloyds Bank Bounce Back Loan. […]