HSBC - non account holder BBLS bounce back loan

goldie2506

Hello, has anyone had any joy as a sole trader getting a bounce back loan from HSBC without a business account. I use a Halifax personal account for my business and they have not offered the loans. 

Robin9

Using a personal account for a business almost certainly contravenes their T&C's.   

Jeremy535897

Robin9 said:

Using a personal account for a business almost certainly contravenes their T&C's.   

A lot of small businesses don't have a separate business bank account. The banks know that.

jackroit

Hi
i have a Ltd Company, that i have opened February 2019 but don't have a business account for that, what is the best way to get the loan (as i can see on posts that HSBC feeder account are not responding yet,) and will i need for that?

Jeremy535897

jackroit said:

Hi
i have a Ltd Company, that i have opened February 2019 but don't have a business account for that, what is the best way to get the loan (as i can see on posts that HSBC feeder account are not responding yet,) and will i need for that?

I thought you already had a loan from NatWest?

The FAQs on the scheme are here:
https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/faqs-for-small-businesses/

Thrugelmir

Jeremy535897 said:

Robin9 said:

Using a personal account for a business almost certainly contravenes their T&C's.   

A lot of small businesses don't have a separate business bank account. The banks know that.

And now people will suffer the consequences of their own attempts to defraud the bank by not paying fees. In order to save themselves money.  
Going to be a lot of hard lessons experienced in the months ahead. 

jackroit

Jeremy535897 said:

jackroit said:

Hi
i have a Ltd Company, that i have opened February 2019 but don't have a business account for that, what is the best way to get the loan (as i can see on posts that HSBC feeder account are not responding yet,) and will i need for that?

I thought you already had a loan from NatWest?

The FAQs on the scheme are here:
https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/faqs-for-small-businesses/

I Have a business loan (regular) with Natwest on other Ltd Company, I want to know if someone was already Succesful in getting the bounce back loan with HSBC feeder account, or I should open an account with sterling bank or any better way, 

Jeremy535897

I think some were early on, but they were overwhelmed.

Amgrams

hsbc disgruntled customer who will be taking their business elsewhere. Applied Monday a.m and still no reply, I call them every day and get a different answer to my query of where is this fast loan I was promised by the government? The whole point was fast money to help small businesses, in short this is nothing short of a disgusting performance by hsbc. Why is every other bank throwing money out of the door? We need Martin Lewis to jump on this to help us all out. 

jackharmer

I am the director of a small ltd company too applied last Tuesday 5th for the feeder heard nothing keep getting different responses too  

mbehery

I haven't got anything as of yet despite applying on the 1st day. Just have personal account with them and business account elsewhere. Did call but they couldn't provide any updates.