QA Advisory
  • Home
  • Areas of Practice and Speciality
  • Biography
  • Recent Cases
  • Insight
  • Contact
6 October 2020

BBRS and Covid-Related Business Loans

Recent reports suggest that as many as 10% of the government’s business support loans have ended up in the hands of criminals, not the intended borrowers. At the same time, there are reports that applications for business support loans in particular, took too long, and that many firms were incorrectly told they weren’t eligible for the loans. The new banking resolution service, BBRS, has been told to expect a wave of complaints about the banks involved when BBRS get going in November. It is currently concluding its Pilot Scheme. What hasn’t been considered yet is the terms and conditions of these support loans, including “bounce-back loans”. When this is considered by borrowers later on, it is likely that the terms of the loans will cause significant problems.

Related Posts

Uncategorized

Financial Ombudsman Service and Business Banking Resolution Service Eligibility

Uncategorized

Something really needs to be done about Agricultural Mortgage Corporation – Farmers are trapped by its lending practices

Uncategorized

Win on Fixed Rate Loan with Lloyds

QA Advisory
QA Advisory

QA Advisory
07415 485849
01980 671739
simon.jaquiss@qaadvisory.co.uk

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Okay