HSBC Bounce back loan

Stin

Hi,
I applied for the BBL with HSBC on the 11th and received a confirmation email with reference number, I call HSBC and was advised I will receive the agreement from echo. Till date I have not received any agreement, will it ok if I should apply again??

PES1

Monday, despite signing echosign last Thursday, this morning I got a reminder to sign the document with the 000 in front of my account number - WHAT IS GOING ON?

chris_h16

Has anyone applied for the HSBC feeder account? I applied on Monday 11th May on the phone for the feeder account, gave name, address, phone, email, business name, nature of business and how much I was looking to borrow, but so far heard nothing. This is all before even applying for the BBL

sam8787

chris_h16 said:

Has anyone applied for the HSBC feeder account? I applied on Monday 11th May on the phone for the feeder account, gave name, address, phone, email, business name, nature of business and how much I was looking to borrow, but so far heard nothing. This is all before even applying for the BBL

I applied at 8am on Tuesday the 5th. Got a call on The 7th talking me through the forms I  was filling in online. I signed all that was needed and sent off  didnt hear anything until the 9th with an email saying they received my copies. That's it since, not heard anything else

IskanPlot12

Made a call to open an HSBC feeder account as Cater Allen (Santander) not in scheme. Got a very helpful call back to help with application on 7th May. Response when I chase is simply to wait - they cannot give timescale due to volumes etc. This week, next week or decline? Piling stress on stress.

Eassenav

Just to give hope to others I thought I would let you know how I have got on with my loan application.

I am a sole trader with a personal HSBC account.  I also receive income from paid employment which exceeds the profit, but not the turnover.

I applied for a BBL on Sunday 10th May (for the full amount I could claim), I am assuming the earliest that would be processed would be Monday 11th.  I sent my 2018/19 tax return with the application which details all of my income for that tax year.

I received a confirmation email straightaway and then nothing until today (just after 4pm) when I received my Echo sign email confirming that my application had been successful.  I have signed the documents and I now assume I have to wait and the funds will appear in my account.

I hope that this gives hope to those of you waiting and wondering if your application is going through.

S1rEean

I applied on the 13th but didnt get a email and after hearing on here that it was 50/50 as to some got a email after applying, I decided to reapply on the 14th and got a email with a ID number, today I got a the esign form for the first application and sent it back little while ago. So keep in there and even if you didn't get a email after applying it still happens

Also I am a sole trader and applied on the basis of using my personal HSBC account.

markohall

I see Starling bank has rejected over 2000 applicants if they have poor credit rating or deemed to be at high risk to lending even though the scheme is 100% backed by the government. Wonder if the rest of the banks will follow suit. 

Belfast27

Has anyone who has applied through the HSBC bank been rejected?

Are they accepting 2019/20 tax returns or any other means of proof for nearly brand new sole traders?

PP1984

Is echosign part of opening a feeder account, or is it for existing business customers also?