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Covid-19 Bounce Back Loans – sole traders could be named

bounce back loan

Tribunal may decide this week if small businesses that took out Bounce Back Loans should be made public.

The 1.7 billion small businesses that took out the Covid-19 loan could leave sole traders vulnerable to fraudsters.

British Business Bank oversaw £47 billion worth of Bounce back loans, they may now have to reveal the names of some or all the businesses that borrowed money.

Spotlight for Corruption is pushing for the British Business bank to comply with a freedom of information request is lodged two years ago.

The appeal hearing began on Monday 28th November and is expected to last 3 days.