We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Bounce back loan for self employed

1235»

Comments

  • I am a sole trader who uses my personal account at Lloyds (I converted from limited company last year).  My local branch said it was ok to use personal account.  Now I want a bounce back loan, Lloyds at present are not offering it to personal customers yet, although that might change.  I have opened a new Starling business bank account.  As a sole trader I had to open a personal account first and then add the sole trader business account after.  It took 10 minutes to open the personal account online.  Got account number and sort code 2 hours later.  Then another 15 minutes to open sole trader account.  They are now on the approved list for the bounce back loan as well.
    Barclays are getting a lot of bad press at present, why stay with them?

  • Starling bank account was setup in less than 2 hours the around 10 mins to add a sole trader account. My current banks can now lose my business in all future transactions . They have let alot of sole traders down. Starling bank seems to be the way forward . They have now been approved and offering bounce back loans from monday 11th of may.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.7K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.