If your business is currently unable to meet its Bounce Back Loan repayment obligations, seeking advice is crucial. The BBL scheme provided a lifeline during the pandemic for many businesses.

However, the threshold for ‘abuse’ is very low. For example, if it is deemed that a directors use of funds falls outside the strict parameters or gives any inaccurate information during the application, the consequences will be serious. Directors found guilty of BBL abuse are likely to face disqualification for up to 15 years and personal liability for the BBL.

Call: +44 (0)20 7692 8456 for a Solution to Bounce Back Loan Issues