Hi ladies, for anyone still interested in the bounce back loan with HSBC. I applied Tuesday night fully expecting a no from them, got an email Wednesday morning to sign terms of the loan and set up direct debit. I won’t be surprised if I receive the money today Thursday or by Friday going by how quick the whole process has been.

I have a registered LTD and a business acct with HSBC which I think is the reason it was so quick. If you have a current account instead, they want proof of your last years self assessment I believe.

Hi,

Does anyone know of a lender who are lending to new customers that dont use a business account?

My bank is only lending to those who use a business account, but I just use a standard personal account solely for work. I am registered sole trader and have 3 years tax returns, not including 19/20, which hasn't been filed yet.

Any suggestions would be great!

Hi,

Does anyone know of a lender who are lending to new customers that dont use a business account?

My bank is only lending to those who use a business account, but I just use a standard personal account solely for work. I am registered sole trader and have 3 years tax returns, not including 19/20, which hasn't been filed yet.

Any suggestions would be great!

I had this problem to. I have put in for a business account obviously had to make some things up so doubt I will be accepted

Rishi Sunak just announced that the self employed grant will be extended another 3 months with applications opening in August. Such good news!

All I have seen so far on the BBC coverage is the furlough, great if SEISS is also extended will watch out for the mention.

Excellent just seen it appear in the write up, it'll be a little lower this time but still more than welcome and needed many sectors.

They have JUST announced a further "and final" grant of 70% for self employed, but I haven't checked who is eligible yet, so will be back in a bit with the details. /cross fingers it includes us

This grant covers June until August. 70% of profits up to £2,190 a month, paid in a lump sum. If you were eligible for the 1st grant you will be eligible for this. All same rules as the first grant. Again you have to declare that your biz has been affected by coronavirus. You still have until 13th July to claim the FIRST grant. You cannot claim the SECOND one until August (rollseyes).

I got my info from Martin Lewis (moneysavingexpert) on Twitter. The info will be on the gov.uk site later, I'm sure.


So it looks like the self employed are expected to be able to be working with no corona issues from August, and employed people on furlough able to work from October with no corona issues. I'm in the dark as to why I get cut off in August but if I was working for someone else I'd be paid to October. (more rolleyes)

I suppose the reason the self employed are getting less help than those furloughed is the government assumes if we have enough up top to be running a business then we can manage to restructure and adapt and change any business to suit any new circumstances.  I am only guessing mind.

Individual, self employed people tend to be poor and/or economically insecure and Tories don't often give a hoot about the poor and economically insecure, I reckon.  I mean, I might earn a good wedge per hour as an escort, but I'm forever an accident or prolonged illness away from being properly buggered, so...still I'm relieved I'm getting something to help, though, of course.

Rishi Sunak just announced that the self employed grant will be extended another 3 months with applications opening in August. Such good news!

I was over the moon with this. It takes the pressure off for sure while hotels are adjusting and it will give me some space to work out what I’m doing with work.