Starling Sole Trader Bounce Back Loan

xk120c

Hi,

I recently opened a Business account with starling (01/06) and applied for the BBL immediately, I received an email shortly after confirming my interest for a BBL.
However I have not heard anything since then, Has anyone recently opened a business account with starling as a sole trader and anymore luck?

Thanks

gt94sss2

Keep an eye on their Twitter feed for updates - you will be on a waiting list (or try a different bank)

xk120c

gt94sss2 said:

Keep an eye on their Twitter feed for updates - you will be on a waiting list (or try a different bank)

Yeah i'm already doing that. 
From what I've read on here applying for another BBL can affect your chances with your current application?

Jeremy535897

xk120c said:

gt94sss2 said:

Keep an eye on their Twitter feed for updates - you will be on a waiting list (or try a different bank)

Yeah i'm already doing that. 
From what I've read on here applying for another BBL can affect your chances with your current application?

The problem is that you can only apply if you haven't already made an application:
"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."

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

gt94sss2

xk120c said:

gt94sss2 said:

Keep an eye on their Twitter feed for updates - you will be on a waiting list (or try a different bank)

From what I've read on here applying for another BBL can affect your chances with your current application?

Yes, you can only apply for a BBL at one place at a time - but it sounds as if you haven't actually applied with Starling yet.. you're on their waiting list to apply for one.

xk120c

gt94sss2 said:

xk120c said:

gt94sss2 said:

Keep an eye on their Twitter feed for updates - you will be on a waiting list (or try a different bank)

From what I've read on here applying for another BBL can affect your chances with your current application?

Yes, you can only apply for a BBL at one place at a time - but it sounds as if you haven't actually applied with Starling yet.. you're on their waiting list to apply for one.

Okay. Thanks I may look into HSBC with a feeder account although that looks like a long process...