Bounce Back Loan

When contemplating the closure of a company, many directors wonder about the feasibility of striking off a company with an outstanding Bounce Back Loan (BBL). Understanding the legal and financial implications is essential for making an informed decision.

In the wake of economic uncertainties, the UK government introduced Bounce Back Loans (BBLs) as a lifeline for struggling businesses during the COVID-19 pandemic. However, companies are now facing difficulties in repaying the bounce back loans.

In the wake of the economic turmoil caused by the COVID-19 pandemic, the UK government rolled out a lifeline for struggling businesses in the form of Bounce Back Loans (BBL). While this financial support was vital for numerous businesses, unfortunately it also created an opportunity for fraud. This article sheds light on the various types of fraud associated with BBL, exposing the challenges faced by authorities in safeguarding public funds.