Can you apply for a Bounce Back Loan with more than one bank?

Weezypops2

I applied for a BBL with HSBC on the day they announced it but haven't heard a thing about it. Can I apply with another bank too then not go through with the HSBC one if they ever get back to me, or is that not allowed?

Thanks!

stratty

When I applied with Starling in the small print it said you cannot have an application ongoing with another bank.

Jeremy535897

One condition of eligibility:
"The business (and any wider group of which it is part) is not already in the process of applying for or has not already received a Bounce Back Loan Scheme facility."

See https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/faqs-for-small-businesses/

Weezypops2

Ah, thanks. I couldn't see anything on the HSBC info but maybe wasn't looking close enough.

elizabetharees

I applied for a HSBC bounceback loan on 30th June and still haven't heard anything. When I log on to check my feeder account it just states in progress. How long should this be taking? Has anyone else waited this long? I have a friend who applied through another bank and the money was with her within 5 days

Grumpy_chap

Did you ask HSBC for an update?
Do you have business or personal account with HSBC?