HSBC Bounce back loan

goingskint

paige13_2 said:

I applied for a business account that was accepted 10 days ago.  I applied for BBL and received the ecosign documents on Tuesday evening. Signed and submitted. No money in my account as today Friday! 
Can anyone advise if this can be retracted once youve signed the documents? Only asking as if I pay everything off on my credit cards, i dont want to be stuck paying them off with high interest. Thanks in advance for any help.

hsbc told me that no if u signed the agreement  u definitely have to loan , theres just backlog waiting to be paid 

paige13_2

Thank you @goingskint. I will start paying stuff lol!

DanielleTTT

goingskint said:

paige13_2 said:

I applied for a business account that was accepted 10 days ago.  I applied for BBL and received the ecosign documents on Tuesday evening. Signed and submitted. No money in my account as today Friday! 
Can anyone advise if this can be retracted once youve signed the documents? Only asking as if I pay everything off on my credit cards, i dont want to be stuck paying them off with high interest. Thanks in advance for any help.

hsbc told me that no if u signed the agreement  u definitely have to loan , theres just backlog waiting to be paid 

That’s reassuring to know! Been waiting since I signed docs on Tuesday. Did they tell you about the backlog this week? Thank you  

goingskint

spoke this morning to them and yes they saying all down to amount of agreements they are doing so i wouldnt worry 

goingskint

update my loan is showing but not accessible to draw  ...grrrrr!! 

DanielleTTT

goingskint said:

update my loan is showing but not accessible to draw  ...grrrrr!! 

Progress at least! When did you sign the echo sign docs?

goingskint

Tues 1900 ...

DanielleTTT

Same congrats anyway!

goingskint

if i got loan it gives hope to all..shocking credit rating , new business ..no tax return...and they still have given me one ..thank god this is almost over,started comsuming my life..good luck one n all im off for cold beer!!! 

singa

jjmummy said:

melissamoss2897 said:

Hi everyone, just for everyone’s reference 

I applied for a business bank acc with HSBC as wanted to open one anyway. This was 19th May. My application was accepted 2nd June and the same day I applied for their BBLS. I spoke with an advisor on the phone who told me I would hear from a third party called echo sign re the loan, and that one I had signed the agreement the money would drop into my account within 48 hours (usually). 16th June I got the email and signed. It’s approaching the 48 hour mark and nothing appearing in my account yet but I am just assuming there’s a huge back log! 

I signed Echosign on 9th .. still waiting for the fund. called HSBC twice already. no one can answer.
Once I get the fund, I will move my business bank account to Barclays or Natwest.
HSBC is really disappointing.

I sinned the echoing on the 9th as well. Nothing so far as well.