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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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Flyer21 said: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
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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: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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