Recent content by MrMFS

  1. M

    Bounce back loan

    Term Funding Scheme with additional incentives for SMEs (TFSME) "Participants in the Bank of England’s Term Funding Scheme for SMEs may extend the term of certain funding under that scheme to align with the 6-year term of loans under the BBLS."
  2. M

    Bounce back loan

    The Business Bounce Scheme rules say self-certified. KYC AML and fraud check that is it. Those checks are done during an account opening. If account is open, company exist and self certifies money in theory should be given. Could government on top legislate that banks must accept 100% of the...
  3. M

    Bounce back loan

    How would government legislate to ensure banks will lend to every eligible case? The very fact that scheme is a 100% gov backed is a poke to lend lend lend. Plus some stuff that goes behind the curtains of which we know little. In past BOE also provided extra funds to banks directly for them...
  4. M

    Bounce back loan

    Busy working, Now replying. Banks have got a taxpayer bailout in 2008. So it looks like now Goverment is looking at them to repay a favor. As to funds. Banks can borrow from Bank of England. Correct me if I am wrong. As to specifically legislating that banks must lend to anyone who fits the...
  5. M

    Bounce back loan

    Let's stay polite. Government wish to distribute money to every business that existed before the cut off date. I would say politely remind that scheme is self sertified and all requests such as go to your main bank, where is prove of turnover, etc are not relevant. It's simply a matter of...
  6. M

    Bounce back loan

    Application with a bank is approved, yet to get a document to sign to receive funds. 7th working day now. Should I send email to a bank exec or better not to and just wait?
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