Santander – Page 2 – Bounce Back Loan

Lenders’ Red Flags: Signs Your Bounce Back Loan Lender Suspects Fraud – Read the Letters You’ll Get Sent If You Are on their Radar

Uncover the warning signs lenders use to spot Bounce Back Loan fraud and what their demand letters reveal about suspected misconduct. […]

Mirpacha Hajy Pachamir, Ride Solutions Ltd Director from Afghanistan, Banned for 10 Years for Overstating Turnover to Obtain £50,000 Santander Bounce Back Loan

Bounce Back Loan fraud has led to directors being barred from managing companies due to falsified applications. […]

Santander Ordered to Pay Compensation for Wrongly Taking Full Bounce Back Loan Repayments Under Interest-Only PAYG Option, Ombudsman Upholds Complaint

Santander incorrectly deducted full repayment amounts from a customer on an interest-only Bounce Back Loan PAYG option. The Ombudsman upheld the complaint, ordering compensation for the unauthorized deductions. […]

Caroline Anucha, Director of CA Marketing Solutions Ltd, Begins 10-Year Ban for Inflating Turnover by Over 35 Times to Secure £50,000 Santander Bounce Back Loan

Directors who misrepresented business eligibility for Bounce Back Loans risk bans for violating loan conditions. […]

Baboucar Jack, Director of Essentials Trading UK Ltd, Starts 10-Year Ban for Overstating Turnover by Over 12 Times to Fraudulently Obtain £50,000 Santander Bounce Back Loan

The Bounce Back Loan scheme’s vulnerabilities enabled fraud, with directors disqualified for falsifying application details. […]

Robert David Ryce, Director of Track 4 Safety Ltd, Faces 11-Year Ban for Fraudulently Obtaining Santander Bounce Back Loan and Top-Up for Non-Trading Company

The Insolvency Service has disqualified directors for using Bounce Back Loans to settle personal obligations. […]

Sharon Anne Kilbane, Director of Kilbane Services Ltd, Receives 8-Year Ban for Fraudulently Obtaining £50,000 Santander Bounce Back Loan When Entitled to £10,108

Bounce Back Loan misuse, including payments to dubious parties, has led to directors facing disqualification. […]

Rosen Dimitrov, Director of RD Master Ltd, Starts 9-Year Ban for Claiming £70,000 Turnover to Secure £17,000 Santander Bounce Back Loan When Actual Turnover Was £357

Misusing Bounce Back Loans for personal luxury items has led to directors facing disqualification. […]

Mokshudur Rahman, Director of Kington Cuisine Ltd, Banned for 11 Years for Overstating Turnover and Withdrawing Santander Bounce Back Loan in Cash

Mokshudur Rahman’s 11-year ban follows exaggerated turnover claims and cash withdrawal of a Santander Bounce Back Loan, neglecting business obligations. […]

Brian McGrath, Director of McGrath Truck Modifications Ltd, Faces 5-Year Ban for Failing to Repay Santander Bounce Back Loan After CBILS Loan

Brian McGrath’s five-year ban results from failing to repay a Santander Bounce Back Loan after securing a CBILS loan, breaching government scheme rules. […]