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Bounce Back Loan Sole Trader and Personal Bank Account
webster123
Posts: 2 Newbie
Hi there,
I am a business owner of 7 years and am looking for a BBL however as a sole trader I have always used my personal account with Halifax for all my business banking.
Has anyone come across any bank lending to Sole Traders with Personal accounts?
I have applied to Starling as I was told they offer a feeder account but it appears they only lend to Limited companies.
Any information would be hugely appreciated
:-)
I am a business owner of 7 years and am looking for a BBL however as a sole trader I have always used my personal account with Halifax for all my business banking.
Has anyone come across any bank lending to Sole Traders with Personal accounts?
I have applied to Starling as I was told they offer a feeder account but it appears they only lend to Limited companies.
Any information would be hugely appreciated
:-)
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Comments
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Yes - I am a sole trader and HSBC still gave me one with a personal account.0
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Has anyone come across any bank lending to Sole Traders with Personal accounts?
Some have. Some have found the bank closed their account for breaching T&C by using a personal account for business.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1 -
Have you followed the Halifax guidance for people in your situation? https://www.halifax.co.uk/helpcentre/coronavirus/bounce-back-loan-scheme.html
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Is anyone aware of lenders opening new accounts for sole traders and bounce back loans? I use Starling but they are just wait listing even though im a personal customer.
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