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TSB Bounce Back Loan

funkycredit
funkycredit Posts: 536 Forumite
500 Posts First Anniversary Name Dropper
edited 24 July 2020 at 2:29PM in Coronavirus Board
I've got a limited so thought I'd apply to BBL to invest for the year (free £120 with Santander) - but we use 3 business accounts as we have different departments so deciding which bank to apply through was the only dilemma! 

TSB - very little info on here
Barclays - loads of info on here
Clydesdale - very little info on here

So, as TSB is one of the primary accounts we use (around £20k monthly), thought I'd try there first. 

Turnover is irrelevant as we are way over the cap but £50k was no use so I went for £20k knowing it's Santander's 123 max limit. 

Applied last Monday at 3am (working late) and had the funds by Wednesday (around 3pm). 

Process was painless; holding an active business account obviously helps but the application submission was early doors Tuesday. I got an email link to digitally sign the agreement (Weds morning) and then the funds appeared 3 hours later. I never got any emails prior to the e-signature, a day later. 

Got to admit, having read some posts here the TSB process was extremely easy and if you do have a business account and want a BBL then TSB is extremely easy. 
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