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Bounce back loans
taxpayer1
Posts: 1 Newbie
Can someone clarify if lloyds stipulation that you remain 100% liable for the repayment of the loan Debt do they mean the director applying for it or the buisness ?
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Comments
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The business. From FAQs:
"What happens if I find I’m struggling to repay the loan?
You should talk to the lender if you are experiencing financial difficulties and they will have standard processes in place to support customers in those circumstances.
Lenders are not permitted to require personal guarantees for the Bounce Back Loan Scheme."
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