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Bounce back loans

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25 minutes ago, skyhuck said:

No it states that is paid "directly to the lender"

Which is EXACTLY why you should NEVER read/sign important documents or post on the internet when pissed!!! 

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Just applied for BBLS with my business bank as a Ltd company but YES sole traders can also apply.

Looks as if you just need to apply via your own bank.  I suppose if a Sole trader without a business account, you may need to speak to your bank directly?

Cheers

A

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I have just started the process with NatWest, and am opening a business account purely to service the loan. ( No fees ). For anyone who has done this already, to get the loan, do you have to send them copies of accounts, and if so how? File attachments? Scans? Photos? I'm presuming they need to see some? 🤔

Edited by Peter 1955

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1 hour ago, Peter 1955 said:

I have just started the process with NatWest, and am opening a business account purely to service the loan. ( No fees ). For anyone who has done this already, to get the loan, do you have to send them copies of accounts, and if so how? File attachments? Scans? Photos? I'm presuming they need to see some? 🤔

Nope you don't have to send anything at all, you just tell them your yearly turnover

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6 minutes ago, Steve Bullman said:

Nope you don't have to send anything at all, you just tell them your yearly turnover

Blimey! Sounds simple, will keep you all posted. Thanks. 

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8 minutes ago, Steve Bullman said:

Yes, too simple. Money in your account the next day too

 

We could have told them anything, and got upto £50k?

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Just now, eggsarascal said:

We could have told them anything, and got upto £50k?

Possibly, wouldn't have been wise though. The government will be coming for this money and anyone who lied I expect will be thoroughly investigated

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