Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Reading
Core Issues Facing Bounce Back Loan Scheme Lenders
ShareTweet
Home
Fintech
Core Issues Facing Bounce Back Loan Scheme Lenders

Core Issues Facing Bounce Back Loan Scheme Lenders

Emily Donato·
FintechNews RoundupUSA
·May. 21, 2020·1 min read

The Bounce Back Loan Scheme (BBLS) has recently ignited an uproar on social media which can be traced to a few key issues; the British Business Bank has placed lending limits on BBLS-accredited lenders which has caused these firms to tell customers they have to stop lending until a higher limit is approved; the overall program is better than the CBILS which required loans to be reviewed and approved instead of lenders; lenders have also been forced to serve existing customers first, much like the banks have been doing; new customers are finding themselves at the back of the line waiting and many will not receive funds in time; there is also a small segment of SMEs who have used the Current Account Switching Service to move banks and are stuck in limbo as their previous relationship was ended and the new one does not offer them priority for the BBLS; the BBLS is showing to be a better program than CBILS but it is not without its own issues for SMEs in desperate need of funding. Altfi

  • Emily Donato
    Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

    View all posts
Tags
bounce back loan schemeCBILSCurrent Account Switching Servicesmall business lending
Related

Are We About to Make a Quantum Leap in Small Business Lending?

Renton’s Take: Major Shifts for Small Business Lending?

How Fintech Lenders Can Help Capture Small Business Opportunity

Enough Already! Funding Circle Deserves to Keep Their 7(a) Lending License

Popular Posts

Today:

  • Karan KatyaInside Adyen’s Blueprint for Getting Merchants Ready for Agentic Commerce   Jul. 16, 2026

This month:

  • FUTURE NEXUS IMAGE TEMPLATES!! (2)OCC Hints at Trouble for Charters Jun. 18, 2026
  • Dr. Devi Parikh“Too heavy of a hammer”: How Yutori is beating AI giants at building the web’s future Sep. 10, 2026
  • Santiago SuarezInside Addi’s mission to build a fairer financial system in Colombia Feb. 19, 2026
  • Ryan WigginsMercury’s Ryan Wiggins on Building Customer Trust: Lessons from a Decade at Facebook and WhatsApp Jul. 2, 2026
  • Dr. Jean NehmeHardware as a durable moat & the former surgeon’s bet on “soft robotic cells” Aug. 27, 2026
  • Ram PalaniappanIn 2026, Your Wages Should Not Be On a Two-Week Delay Aug. 20, 2026
  • 197Renton’s Take on Loan Model Risks Nov. 4, 2025
  • Ethan ChanAllium CEO Ethan Chan on making blockchain data usable Sep. 3, 2026
  • TitoEscaping the demo: The founders building the foundation for medtech physical AI Jul. 23, 2026
  • Karan KatyaInside Adyen’s Blueprint for Getting Merchants Ready for Agentic Commerce   Jul. 16, 2026

More News
  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2026 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results