Bounce back loan for partnerships?

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    Bounce back loan for partnerships?

    Have any landlords had any success with this scheme as a partnership?

    Thanks

    #2
    This scheme started this month and on the Santander website shows :

    You can apply for a BBLS Loan if:
    ¡ You have a Santander current account
    ¡ You’re a UK-based business
    ¡ Your business has been impacted by Covid-19
    ¡ You haven’t already applied or received a BBLS Loan
    ¡ You don’t already have a Coronavirus Business Interruption Loan Scheme, Coronavirus Large Business Interruption
    Loan Scheme or Covid Corporate Financing Facility unless you’re refinancing it in full by taking this BBLS Loan

    Only one Bounce Back Loan is allowed per group. For the purposes of the Scheme, group generally means businesses
    that are under common ownership or control (including by the same individual or group of individuals).

    Full eligibility details are included within the online application process.

    Its for trading businesses . Are landlords in a trading business ?

    Comment


      #3
      Originally posted by Gordon999 View Post
      Are landlords in a trading business ?
      Not by most people's definition, they are an investment business.
      When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
      Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

      Comment

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