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Bounce Back Loans with Personal Account.
ubergaz1984
Posts: 3 Newbie
Hi all, please forgive me if my forum etiquette isn't up to scratch. I has been a while.
I am a self-employed sole trader but do my business banking via my
personal accounts. Is anyone any clearer as to whether I might be
eligible/able to apply for the Bounce Back Loans? I bank with Barlcays anbd Starling.
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Comments
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From.... https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/faqs-for-small-businesses/
Is the loan available under the Bounce Back Loan Scheme a personal loan or a business loan?
A loan under the Scheme is a business loan. The terms of the loan are covered by the Scheme.
A lender may consider paying the funds into a personal current account if no business bank account is held, if the business has been satisfactorily evidenced.
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