Waiting for Starling Bank to Let Me Apply for a BBL, So Starling taking over 4 days to even look at my application, still waiting!!!! Banks Bosses Confident There Will Be “No Great Demand” for Recovery Loans – I Beg to Differ, MPs Squabbling in the House of Commons Over the Sordid Greensill Affair Leaves SMEs Fearful for Their Personal Safety, Urgent Warning Recovery Loan Applicants – HM Government Scheme Designed to Farm You Off to High Interest Rate Lenders When Declined, Worried About Bounce Back Loan Repayments? Last month, she applied for a £50,000 Bounce Back Loan with Starling to sustain and grow Made Bare. The Financial Times Comes to the Same Conclusion as We All Did on Day One of the Recovery Loan Scheme, those Loans are Rigged Against SMEs, HSBC Bounce Back Loans – Snatchbacks, Declines, Errors, Problems and Complaints, Getting Your Head Around the Pay as You Grow Bounce Back Loan Options – Detailed Guide, Some Good News for a Change – There Is Still a Chance of a Bounce Back Loan with Conister if You Applied Months Ago and Heard Nothing. We process applications as quickly as possible and some cases take longer than others. Come Over here Let’s Chat, MP’s Wall of Shame or Wall of Fame – List of MP’s Who Can Urgently Address the Bank Referral Scheme (Government Approved “Loan Sharks”), Cut Off Day Announced for Lenders to Process Bounce Back Loans Still in Their Systems, National Audit Office Investigation into the Bounce Back Loan Scheme, My Input Into the National Audit Office Investigation into the BBL Scheme, I’ve Offered My Input Into the NAO Bounce Back Loan Investigation, Quite Happy with NatWest They Paid Quickly, Bank of Scotland Pays Starling Declined Applicant, Your Twitter Account Gave Me Hope for My HSBC BBL, Bounce Back Loan Fraud the Elephant in the Room, Another 30,629 SME’s Secured a Bounce Back Loan. In a blog post on its site, Tide apologised and said it will now be campaigning for the Government to provide the funding for the loans. See all 8 articles Registering Interest. At least one Starling applicant (below) told us they were informed they had been approved for a bounce back loan, only to then be told they'd actually been rejected. Things have been moving quickly since our accreditation last week with the British Business Bank and we have now started delivering the loans to members. Note: Starling are working through their list you should get your turn soon, they are much better than most other banks but not as good as Metro and Lloyds. Note: Starling Bank do now have a waiting list, and I am aware that they are working through that list and once it is your turn they will email you can give you 72 hours to apply for a … However, getting one might prove difficult. As a loyal Tide member we want to be transparent with you so you can make informed decisions about your business. I’ve already applied for a BBL with Starling but haven’t yet been accepted. How long should I expect to wait before being invited to apply? (Metro Bank), HMRC Employees May Suggest You Call the Samaritans When You Get Totally Frustrated with Their Utter Incompetence, Getting Your Head Around the Pay as You Grow Bounce Back Loan Options – Detailed Guide, British Business Bank Laugh at SMEs By Accrediting Private Banks and Specialist Lenders in Second Batch of Recovery Loan Accreditation’s, Some Good News for a Change – There Is Still a Chance of a Bounce Back Loan with Conister if You Applied Months Ago and Heard Nothing, How Barclays Compensated One Customer for Locking Their Accounts and Refusing to Give Them Access to Their Bounce Back Loan for Three Months, Members of the House of Lords with Links and/or Financial Interests in CBILS, CLBILS, BBL and Recovery Loan Lenders. Also check the CIFAS register. WTF? obliged to consult a central record of all Bounce Back Loans to confirm that only one loan has been provided per business. As of today (November 20), Starling Bank is the only accredited lender out of 28 who is open to BBL (Bounce Back Loan) applications from those who bank elsewhere. Tide’s approach was to implement a waiting list for the BBLS, while Starling Bank from today will prioritise the applications of existing customers. That’s because reports suggest that there are no high street banks open for Bounce Back Loan applications anymore. UK-based Starling Bank issued an update on June 1, 2020 regarding the Bounce Back Loan Scheme (BBLS).. What is going on […], Applied with Lloyd’s for a business account (had a current account) then applied for a bbl and there were no issues. If you need a loan and can’t wait, you can also apply or join waiting lists with other lenders. Any advice should I go to any other bank etc. We look back on how far we’ve come since the beginning of the year and what we’ve been working on for our customers. Account Closure and Bounce Back Loan Snatch Back Letters Exposed! Bounce Back Basics. Starling Bounce Back Loans will be available as soon as possible after 4 May. I have received a Bounce back loan, can I apply for a CBILs? Image source: Oliver Prill/Tide. Our Bounce Back Loans. Note: There is no set timescale for when Starling Bank will invite applicants to apply for a Bounce Back Loan when they are on their waiting list, however they are regularly inviting people and are processing BBL’s as quickly as they can do so. Will Rishi Sunak Make an Appearance this Week. Sadly, Starling […], Starling Bank Decline Left Me Confused Hi, great work you are doing well done . We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential … Note: No rhyme or reason when it will be your turn though, they will just email or message you letting you know you have 72 hours to apply. I have applied to HSBC for a bounce back loan on Sunday I’m awaiting a reply from HSBC for an outcome. Starling Bank is registered in England and Wales as Starling Bank Limited (No. However, my business account is with Starling now I’ve added myself to the waiting list with starling it says they are giving priority to  existing customers which I have been for 1 year but I’ve been waiting a week now what should I do?! We take a look at the full details. ... Starling milestones: Spring 2021. When it came to financial support, she wasn’t entitled to any self-employment grants as she had only recently launched her limited company. HSBC are giving bounceback feeder accounts which is solely for a bounceback loan. The Bounce Back Loan Scheme was recently extended until the end of January. How long should I have to wait on starling getting more funds from a Bounce Back Loan? Do you have any indication of how long the starling waiting list usually takes for most people until they are invited to apply? News Ticker. Under the Bounce Back Loan Scheme, the Government announced that the smallest tier of companies in the UK economy will be able to borrow between £2,000 and £50,000 – capped at 25% of a business’s turnover, which would be a maximum of £200,000. An activated Starling business (physical) debit card (the only way to activate your card is in the app once you’ve received it, Starling Customer Service cannot do this for you) A verified email address; Sole traders, will also be required to provide additional documentation. Money in within 48 hours, My process: Declined by Starling Waiting list for tide […], I don’t follow you but I’ve followed your tweets (probably like most others) but I applied for the loan with starling yesterday around 1pm and just got approved, so thanks hugely for what you’re doing […], Copyright © 2020 | Mr Bounce Back | Contact | Disclaimer | Privacy Policy | Corrections and Updates | Terms and Conditions |, NatWest Still Approving Bounce Back Loans However They Are Pulling Tricks or Out and Out Lying When it Comes to Customers Appealing BBL Snatch Backs, Dave Cameron swanning around in Greensill Private Jets Now Boris is Flying Around in Helicopters Owned By JCB Who Mysteriously Vanished as a BBL Lender, Metro Bank Joins the Recovery Loan Party But Be Warned I Seriously Doubt They Will Be Approving Many of Them, British Business Bank Appear to be Lying to Journalists and the Guarantees on Greensill Issued Government Backed Loans ARE Still in Place, PAYG Options Finally Becoming Live at Several Banks Including a Weird Delay from Taking the 10 Year Extension to Taking the Other Options, Dodgy David Cameron’s Text Messages and Emails Relating to Greensill. CIFAS is the fraud register. To be honest is was a little bit of a lifeline to see that email being sent just gave me a little bit of hope. Expert on LBC Iain Dale show says Starling should be getting the loans out which are 100% guaranteed by the Govt, and should contact British Business Bank to look at applications for Bounce Back Loans offered by Starling. Is This the Worst Bank Bounce Bank Loan Related Compensation Offer Ever? However, it isn’t automatically straight forward for those applicants either as there is currently a waitlist and priority is given to those businesses who already bank with Starling. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. The new customer delay Given the overwhelming demand for Bounce Back Loans, many banks have been forced to prioritise existing customers. British Business Bank want swamped with complaints and are investigating Starling Bank. Come Over here Let’s Chat, MP’s Wall of Shame or Wall of Fame – List of MP’s Who Can Urgently Address the Bank Referral Scheme (Government Approved “Loan Sharks”), Cut Off Day Announced for Lenders to Process Bounce Back Loans Still in Their Systems, National Audit Office Investigation into the Bounce Back Loan Scheme, My Input Into the National Audit Office Investigation into the BBL Scheme, I’ve Offered My Input Into the NAO Bounce Back Loan Investigation, Fast Payment from Santander I Must Be Lucky, Waiting for a Card and Reader to Access BBL, The Stress of Waiting for a BBL Is Hard to Cope With, Bounce Back Loan Problems Causing Stress, Anxiety and Despair, HSBC Finally Admit Problem with Their Top Up System. These SMEs can, in theory, borrow between £2,000 and £50,000 depending on the size of their company. If you have been invited to apply, and have submitted a loan application, there are a number of checks we are required to do as part of the BBL scheme rules. What Did I Learn from Watching the Treasury Committee Grilling Lex Greensill? It Took Ages for Starling to Approve My BBL, Starling Declined Me Lloyds Quickly Approved Me, Expect All Manner of Delays and Hoops to Jump Through if You Want to Apply for a Recovery Loan with Yorkshire Bank, Danske Bank Pulling the Usual “We Are Overwhelmed” Excuse Used During the BBL Scheme to Put Off New Customers After a Recovery Loan, The Chances of You Getting a Recovery Loan with Ulster Bank Are as Low as With All Other Banks, Bank of Scotland Follow Lloyds Bank in the Design of Their Recovery Loan Facility, Royal Bank of Scotland (RBS) Recovery Loan Facility Designed to Reject as Many SMEs As Possible, NatWest Admit the Government Guarantee Fee They Pay May Not Reduce the Cost of a Recovery Loan for Applicants, Which Is Puzzling As That Fee is Negligible, Is This the Worst Bank Bounce Bank Loan Related Compensation Offer Ever? I just hope that Starling can ’ t wait, you ’ been... 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