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HSBC Bounce back loan

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  • 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!!! 
    hay, did you open a new account or you already have an HSBC business account already?
  • Been turned down for Bounce Back Loan, wont give a reason....what help is there for us now? Bills arent getting paid with no income coming in. Self employed grant supposedly to cover 3 months barely covered a month but they stop Universal Credit because you have been paid it!!! Absolute joke
  • joe3007
    joe3007 Posts: 12 Forumite
    10 Posts Photogenic
    I've just had another echosign sent through (previously signed that 16th) so just done it again and sent - not really sure why
  • gt94sss2
    gt94sss2 Posts: 6,119 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    kez311 said:
    Been turned down for Bounce Back Loan, wont give a reason....what help is there for us now? Bills arent getting paid with no income coming in. Self employed grant supposedly to cover 3 months barely covered a month but they stop Universal Credit because you have been paid it!!! Absolute joke
    You can alwaysaalways for as bounceback loan elsewhere. Have a look at the table at https://www.moneysavingexpert.com/news/2020/05/small-business-boost-as-bounce-back-loans-launched/#where

  • joe3007 said:
    I've just had another echosign sent through (previously signed that 16th) so just done it again and sent - not really sure why
    So odd. Was it any different at all to the first one you signed? Still nothing for me, can’t tell
    if that’s good or bad!
  • joe3007
    joe3007 Posts: 12 Forumite
    10 Posts Photogenic
    I know! The only difference was where my sort code and account number were printed into the first part of the agreement were in boxes in this one (like the direct debit form) and the first the numbers weren't in individual boxes - bizarre difference but it was essentially the same.

    This time it was from a person at hsbc and the acknowledgement also to me, someone at hsbc and another bounceback email address - so I'm hoping that this is actually someone dealing with it rather than completely automated.
  • joe3007 said:
    I know! The only difference was where my sort code and account number were printed into the first part of the agreement were in boxes in this one (like the direct debit form) and the first the numbers weren't in individual boxes - bizarre difference but it was essentially the same.

    This time it was from a person at hsbc and the acknowledgement also to me, someone at hsbc and another bounceback email address - so I'm hoping that this is actually someone dealing with it rather than completely automated.
    Ah okay! I was wondering if it’s because the loan has been put in my name as opposed to my Ltd, which is wrong - but if yours is the same with no real amendments then I’m not so sure 
  • joe3007
    joe3007 Posts: 12 Forumite
    10 Posts Photogenic
    They money just went in! Phew!

    I really hope others are going to get the same luck today or the coming week :)

    Here's the timeline for me:
    13/5 - Applied for business account
    30/5 - Account open
    2/6 - BBLS Application
    16/6 - Echosign (8pm) signed
    22/6 - 2nd Echosign 11.30am - signed
    22/6 - 2pm Loan funds in account (cleared and available)

    I did email over the weekend the email addresses from the help section of mrbounceback website

    Good Luck all :smile:
  • DanielleTTT
    DanielleTTT Posts: 15 Forumite
    10 Posts
    joe3007 said:
    They money just went in! Phew!

    I really hope others are going to get the same luck today or the coming week :)

    Here's the timeline for me:
    13/5 - Applied for business account
    30/5 - Account open
    2/6 - BBLS Application
    16/6 - Echosign (8pm) signed
    22/6 - 2nd Echosign 11.30am - signed
    22/6 - 2pm Loan funds in account (cleared and available)

    I did email over the weekend the email addresses from the help section of mrbounceback website

    Good Luck all :smile:
    Big congrats and what a relief! Hope i can report the same really soon!
  • paige13_2
    paige13_2 Posts: 30 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    joe3007 said:
    They money just went in! Phew!

    I really hope others are going to get the same luck today or the coming week :)

    Here's the timeline for me:
    13/5 - Applied for business account
    30/5 - Account open
    2/6 - BBLS Application
    16/6 - Echosign (8pm) signed
    22/6 - 2nd Echosign 11.30am - signed
    22/6 - 2pm Loan funds in account (cleared and available)

    I did email over the weekend the email addresses from the help section of mrbounceback website

    Good Luck all :smile:
    Do you have the email address handy? My shop lanlord is onto me so i need this sorted asap😫. 
    Great news youve received yours.
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