Bounce back loans

[eggsarascal]

If I was cynical I'd think that the banks want everyone on business accounts because you have to pay fees to have one.

 

When I opened my business account there were no fees and it's stayed the same since.

[Justme]

17 minutes ago, Rough Hewn said:

You do.
Or you're not a business.
According to my bank.
FFS

The gov rules specifically say that personal account is ok.

 

As I said Lloyds are rolling it out on Wed.

 

I think some banks are not pleased re lending at 2.5%

[Rough Hewn]

The gov rules specifically say that personal account is ok.
 
As I said Lloyds are rolling it out on Wed.
 
I think some banks are not pleased re lending at 2.5%

Got a link or a screenshot?
For the personal account bit.
[emoji106]

[Rough Hewn]

The gov rules specifically say that personal account is ok.
 
As I said Lloyds are rolling it out on Wed.
 
I think some banks are not pleased re lending at 2.5%

You're right. Found it [emoji106]

[Justme]

18 minutes ago, Rough Hewn said:

Got a link or a screenshot?
For the personal account bit.

Re Lloyds? It was a phone call but the application page does have a fall back ,link for more info re personal accounts.

 

But a quick google found all these banks with info

 

Bounce Back Loan Scheme

WWW.LLOYDSBANK.COM

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Bounce Back Loan scheme | Business Banking | Barclays

WWW.BARCLAYS.CO.UK

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Find out if your business is eligible for the government scheme designed to help small and medium-sized businesses...

 

 

 

https://www.santandercb.co.uk/bounce-back-loan-scheme-bbls

If you’re applying for a Bounce Back Loan but only have a personal current account which you use for your business, you’ll need to provide us a copy of your 2018/19 self-assessment tax return.

 

https://www.moneysavingexpert.com/news/2020/05/small-business-boost-as-bounce-back-loans-launched/

 

You need a business to set these up but don't need a business bank account. At least some of the banks offering these loans don't require you to have a business account with them. 

[Rough Hewn]

Re Lloyds? It was a phone call but the application page does have a fall back ,link for more info re personal accounts.
 
But a quick google found all these banks with info
 

Bounce Back Loan Scheme

WWW.LLOYDSBANK.COM

---

   

Bounce Back Loan scheme | Business Banking | Barclays

WWW.BARCLAYS.CO.UK

---

Find out if your business is eligible for the government scheme designed to help small and medium-sized businesses...  
 
 
https://www.santandercb.co.uk/bounce-back-loan-scheme-bbls
If you’re applying for a Bounce Back Loan but only have a personal current account which you use for your business, you’ll need to provide us a copy of your 2018/19 self-assessment tax return.
 
https://www.moneysavingexpert.com/news/2020/05/small-business-boost-as-bounce-back-loans-launched/
 
You need a business to set these up but don't need a business bank account. At least some of the banks offering these loans don't require you to have a business account with them. 

Yeah my bank lied.
[emoji853]

[Justme]

15 hours ago, Rough Hewn said:

Yeah my bank lied.

Yours is not the only one lying, a mate was told he could not take one out & use it to pay off other debts.

 

They just did not want to loose the 9% loan with them.

 

[Steve Bullman]

16 hours ago, Rough Hewn said:

Yeah my bank lied.

I don’t think they lied. It says a bank may consider paying into a personal account, not that they have to

[Tom D]

On the form I just filled out there was an option to apply having only a current account. That with RBS, Nat West will be the same...

[swinny]

18 hours ago, Big J said:

I just got an email from HSBC about it. Think we'll go for the full whack. Why the hell not? I'd rather have a decent contingency through what is starting to become a tricky time for us. 

Hmmm I've had nowt of HSBC yet...