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Bounce Back Loans HSBC
I wonder if people can help. I applied for an HSBC BBL to support me with cash flow - I own a nice holiday management business in Cornwall. I have received no money’s from anyone to date through the Covid crisis. HSBC in their wisdom have declined the loan as I bought the business in May 2020- even though it had been trading successfully for the 10 years prior to this. Surely this can’t be fair?
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Comments
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Flyer21 said:
Of course its fair, you bought the business well after the pandemic started! Surely you knew you were not going to make any money and took the risk anyway?I wonder if people can help. I applied for an HSBC BBL to support me with cash flow - I own a nice holiday management business in Cornwall. I have received no money’s from anyone to date through the Covid crisis. HSBC in their wisdom have declined the loan as I bought the business in May 2020- even though it had been trading successfully for the 10 years prior to this. Surely this can’t be fair?2 -
Thanks for your comment. I have single handedly supported multiple local businesses during last season and this, where there was little work around and continues to be that way. Do you feel that I am not deserving of access to support ? Really?0
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According to the rules you had to be running the business before a set date, you were not, so no you don't qualify.0
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The rules state that the business should be running prior to the 1st March - which it had been for 10 years.0
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Flyer21 said:
But it wasn't your business then 🙄The rules state that the business should be running prior to the 1st March - which it had been for 10 years.0
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