Barclays Bounce back loan

[Magik22]

Probably been covered before but, Has anyone had any trouble applying for a bounce back loan with Barclays? I’ve been trying to contact my local ag manager but not returning calls, filled in the call back on the website but nothing yet. Not impressed! Has anyone had better luck with other banks?

 

[Al R]

@Adeptandy is finding them useless too, he applied back in June I think he said?

 

[steveR]

Probably been covered before but, Has anyone had any trouble applying for a bounce back loan with Barclays? I’ve been trying to contact my local ag manager but not returning calls, filled in the call back on the website but nothing yet. Not impressed! Has anyone had better luck with other banks?

Had no issues whatsoever. However, we are Barclays business customers, which may make a difference.

 

[Magik22]

I’ve had a business & personal account with them for 15 years now. When applying online it just says that some details are missing, although everything appears to be in order. Perhaps a bit cynical but I suspect they might be making it difficult to apply for a reason

 

[milkloss]

With NatWest and it was quick. I have quite a new business account with them and about a month before these BB loans I got a letter requesting more business info. If I hadn't filed out this I suspect the loan might have been held up.

have all of you updated your business information with the bank lately?

 

[Nearly]

applied back when they started. Money in account 3 days later, and out again.
Friend at bank said they were keen to get them done as backed by govt so no risk.

 

[upnortheast]

Filled in the online form (Natwest) on a Thursday afternoon,, Took 5 minutes.
Reply back in 10 minutes by email
Money in the bank Saturday morning.

 

[Hfd Cattle]

Probably been covered before but, Has anyone had any trouble applying for a bounce back loan with Barclays? I’ve been trying to contact my local ag manager but not returning calls, filled in the call back on the website but nothing yet. Not impressed! Has anyone had better luck with other banks?

Try another bank . You don't have to do it with the bank you use .

 

[Still Farming]

All here,read it, possibly?:-

Business loans, 100% government backed,

I guess anyone can apply, how is this going to work, pay back time etc.

thefarmingforum.co.uk

 

[Manney]

It took 22 hours from filling in the form for the full 50k to hit our account through barclays.

 

[steveR]

applied back when they started. Money in account 3 days later, and out again.
Friend at bank said they were keen to get them done as backed by govt so no risk.

Same here

 

[gone up the hill]

If you have not applied for the bounce back loan before can you still apply?

 

[Magik22]

Try another bank . You don't have to do it with the bank you use .

Just looked this up and I’m not sure that’s correct.

There’s a table about half way down this page saying only one bank will allow new customers to apply, but it could be wrong.

'Bounce back loans' – help for small businesses and income support for those missing out elsewhere, eg, limited company directors and self-employed

Small businesses can now apply for a new 100% state-backed loan worth up to £50,000, with no interest charged or repayments needed in the first 12 months

www.moneysavingexpert.com

 

[RhysT]

If you have not applied for the bounce back loan before can you still apply?

Yes. Nov 30th deadline

 

[Magik22]

Yes. Nov 30th deadline

Haven’t they just extended the deadline to January 31st? The speed my application is going, I hope they have!

 

[powerontheland]

20k in bank within 48hrs of applying, that was right at the start of it though.

 

[AJR75]

Natwest here for the farming business- 5 min application and the money was in the bank within 48 hours. Couldn't have been simpler.

Involved with another business that banks with HSBC and it's woeful. Application fine, acknowledgement fine and then nothing.

 

[RhysT]

Just done our application. Money in the bank within 48hrs via Lloyds

 

[I still farm]

Haven’t they just extended the deadline to January 31st? The speed my application is going, I hope they have!

Yes, extended. I'm looking to claim one through Barclays too

 

[Scrow]

We were told by our barclays Bank manager that the system will automatically reject it if they haven't got a copy of ID on file for everyone named on the account/ in the partnership and all contact details correct and up to date when the application went through.

He advised us not to apply until he had checked everything was right behind the scenes, he came back to us and said we were missing 2 IDs (the two older partners), we just scanned them and sent them across by email and it was sorted in minutes. Applied for the loan and it was in the bank 2 days later.