Santander – Page 23 – Bounce Back Loan

How Will £17 Billion in Covid Loan Losses Be Recovered? MPs to Grill Lord Agnew and Lenders, and I’ll Be There Observing

MPs are set to probe Lord Agnew and lenders on recovering £17B in Covid loan losses. I’ll be there, taking notes on this critical showdown. […]

NatWest, HSBC, Lloyds, and Santander Deny Bounce Back Loans, Ombudsman Dismisses Complaints

NatWest, HSBC, Lloyds, and Santander denied Bounce Back Loans to SMEs. The Ombudsman dismissed the complaints, citing the banks’ right to refuse applications. […]

Co-Directors Receive 6-Year Bans for Using £40,000 Santander Bounce Back Loan to Repay Personally Guaranteed Loans

Two co-directors have been banned for six years for using a £40,000 Santander Bounce Back Loan to repay personally guaranteed loans, benefiting themselves rather than the business. The disqualification reflects misuse of the loan scheme. […]

Santander Seizes Bounce Back Loan for Unverified Turnover, Ombudsman Dismisses Complaint

Santander seized a Bounce Back Loan after failing to verify self-declared turnover. The Ombudsman dismissed the complaint, upholding the bank’s verification process. […]

Santander’s Strict Bounce Back Loan Criteria Upheld, Ombudsman Dismisses Complaint

Santander denied a Bounce Back Loan, citing strict criteria, despite customer wrongdoing concerns. The Ombudsman dismissed the complaint, upholding the bank’s standards. […]

4-Year Ban for Director’s Dual Bounce Back Loan Scheme

A dirA director who cunningly obtained two Bounce Back Loans from Santander and HSBC for one business now faces a 4-year ban. Uncover the details of this double-dipping scam that left banks unpaid. […]

Santander Seizes Bounce Back Loan After Post-Drawdown Checks, Ombudsman Dismisses Complaint

Santander seized a Bounce Back Loan after post-drawdown checks raised turnover and eligibility concerns. The Ombudsman dismissed the complaint, siding with the bank. […]

Directors Banned for 6, 7, and 11 Years for Misusing £98,000 in Santander, Lloyds, and Coutts Bounce Back Loans

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. […]

Director Banned for 6 Years for Securing £50,000 Santander Bounce Back Loan for Insolvent Business

A director faces a six-year ban for securing a £50,000 Santander Bounce Back Loan for an insolvent business and using it for personal benefit. The disqualification reflects misuse of the government-backed Bounce Back Loan scheme. […]

Director Banned for 6 Years for Failing to Maintain Records for £50,000 Santander Bounce Back Loan

A director has been banned for six years for failing to maintain adequate records to verify the use of a £50,000 Santander Bounce Back Loan, which was unpaid at liquidation. The disqualification reflects potential misuse. […]