We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Business Bounce Back Loan Underestimated Annual Forecast

ab339 · 2020-05-20 04:44:53

Hi, I received a BBL but underestimated my annual forecast as this is my first year trading. When I contacted the bank, I was informed that many people are in the same situation, and the Lending team manager stated last week that there will be an update regarding this issue, now I have tried contacting the manager over…

Comments

Grumpy_chap Posts: 18,663 Forumite

23 May 2020 at 7:56AM

Why?
It's not the bank's fault if business applicants can't get a very basic number correct. 2019 turnover is a simple fact.
While there might be genuine errors (data entry typos), unfortunately, the number of people posting on here in this vein does look like there could be some fraud going on as well.

0