Articles with tag: bbls

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UK-based taxpayers face GBP 26 bln loss due to BBLS fraud and defaults

08 Oct 2020 | Digital Identity, Security & Online Fraud

The National Audit Office (NAO) has raised concerns that taxpayers might lose up to GBP 26 billion due to fraud and defaults on the Bounce Back Loan Scheme (BBLS).

UK, taxpayers, BBLS, fraud, defaults, National Audit Office, NAO, Bounce Back, Loan Scheme, Starling Bank, Tide, covid-19, small businesses, fintechs, sole trader business accounts

UK-based lenders support 1.2 mln businesses amid pandemic

12 Aug 2020 | Payments General

UK-based lenders have provided support to over 1.2 million businesses through government-backed loan schemes, according to HM Treasury statistics. 

UK, United Kingdom, SMEs, lenders, loan, pandemic, government-backed loans, loan schemes, BBLS, CBILS, funding, small businesses, coronavirus, large businesses

UK-based businesses benefit from government-backed loan schemes

10 Aug 2020 | Payments General

The British Business Bank has announced that the regional distribution of loans under the CBILS and the BBLS matches the respective share of UK businesses in each region. 

UK, businesses, government backed loan, loan schemes, British Business Bank, CBILS, BBLS, loans, London, South East, East of England, North West

Tide pauses its Bounce Back Loan Scheme

10 Jul 2020 | E-invoicing, SCF & E-procurement

Tide has announced, in a letter to its 150.000 SME customers, that it would not be resuming its Bounce Back Loan Scheme (BBLS).

Tide, Bounce Back Loans, SMEs, BBLS, loans, fintech