HSBC Bounce back loan

Aspy78bl

No nothing I've been calling them everyday... When I spoke to them Tuesday I wasp told it wasp being processed that afternoon... I spoke pto them apgian yesterday  and they said it was going through extra checks. 
Think they make it up as they go shocking I've p been waiting 11 weeks now p👇👇👇

T

Aspy78bl

I had a credit check done by shawbrook bank did you have the same credit check?? I have not had one done off HSBC??? 

njb72

Aspy78bl said:

I had a credit check done by shawbrook bank did you have the same credit check?? I have not had one done off HSBC??? 

I’m not aware of a Credit check but I know the feeder Account was definitely opened on the 9th Oct.  I applied for the BBL the same day.   I returned a specimen signature form when I first applied for the feeder In September then another was recd on Monday 19th Oct which I posted back same day.  The business c/a welcome Letter received in post today is dated 9th Oct and quotes the acct details for the feeder acct.  There is no sign yet of the echo form and tomorrow is 2weeks from when I applied for the BBL.

Aspy78bl

Hsbc are a joke 

njb72

My echo and DD mandate arrived tonight at 21.25 so timeline for me is : 12 Sep applied feeder, 9 Oct feeder open, 9 Oct applied BBL, 23 Oct advised BBL approved and Echo docs signed and returned.  I have to say HSBC have been faultless so far but just slow.  This is a sole trader application.

fawinds

Echo and DD received here too tonight. Timeline: business account applied for on 27 Aug. Account opened on 9 Oct. BBL application 9 Oct. BBL approved and documents electronically signed and returned 23 Oct. Now just waiting for money arriving. Type of business Ltd company. Amount of BBL 50k. Thanks everybody for sharing their experience.

fawinds

An update: money came today into business account. 

njb72

fawinds said:

An update: money came today into business account. 

Congrats, great news !   No sign of mine yet but I only have a feeder account so expect it’ll take a couple of days to transfer through.  

Aspy78bl

No chance I've been waiting 3 month and just had email saying it been declined... Feeder account opened 7th October HSBC are the scum. Of the earth 

PROrion

Applied for feeder account back in 07/20, a mistake was made on my part so had to reapply and have been waiting ever since (phone calls have been made but its always the same, were very busy) Thing is I rang and spoke with Starling Bank who were very helpful but pointed out that i could not apply with them as i had an open application with HSBC (Obviously) but they also pointed out that if i ended the application to try and apply with them it would impact on my chance of getting one with them or anywhere ells for that matter.

Going to ring again tomorrow as its been a while.......................

The Following is a new message on my account status page, which als still says "Application
pre-approval"

In progress

"Please be aware

We have taken the difficult decision to close Bounce Back Loans to any businesses who are not currently customers of HSBC UK to focus our existing resource on providing this product to our existing customers, prior to the closure of the scheme by the British Business Bank on the 30th November 2020.

 

This means that as of 9am on the 30th September, we are closed to applications for all new accounts across Small Business Banking in the UK, except HSBC Kinetic. We have taken this decision to ensure we have the capacity to provide these loans to our existing customers and for those businesses who have already registered with us and are waiting for their application to be processed before the scheme ends.

 

If you were a HSBC UK business customer before 30 September 2020, you will still be able to apply for a Bounce Back Loan until 30th November 2020."