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Bounce back loan
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bluewaters
Posts: 1 Newbie
Can I get a bounce back loan on a personal account with Halifax
0
Comments
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I don't believe so, they don't do business banking but will divert to Lloyds.
Doesn't your current business account offer it?
Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Who do you have your business bank account with? They will be in a better position to provide you with a BBL.0
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No.
https://www.moneysavingexpert.com/news/2020/05/small-business-boost-as-bounce-back-loans-launched/
No free lunch, and no free laptop0 -
One of the major problems with the BBL scheme is that if you can't get the loan from your business account's bank, any other bank will do a full check on the applicant, whether it be for a new business account, or a feeder account. BBL FAQs say:
"In the first instance, businesses, where possible, should approach their own Bounce Back Loan Scheme accredited provider. They may also consider approaching other Scheme accredited providers if they are unable to access the finance they need or if their existing provider is not accredited to provide loans under the Scheme."
From https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/faqs-for-small-businesses/#f20 -
Hi - I could not get any grants as my income was c. £100 over the £50k limit - very nice to have but that has now dropped by c. 50% & my outgoings are still the same. Been trying to get a business account since early august to get the BBL, does anyone have any ideas? Thank you Kbain70
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When did you start trading?
How have you done your business banking before?
What have you done to reduce outgoings?0
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