Latest scammer trick

[Broccers]

So you're ok with taxpayers funding a loss on 'bankrupt' companies that have taken a BBL for a director to spunk on premium bonds or whatever?

I didn't type that. Buying premium bonds is not spending money, it's buying a constant asset that may win funds. It doesn't go down, there's no fees and it's safer than a bank account that's got more than 85k in it

[Simon]

Then that person doesn't need a BBL. Period.

[Broccers]

Then that person doesn't need a BBL. Period.

Its a loan over 5 years - they may not need it today but one day in the future - typing 'period' doesn't make what you are saying correct Simon

[Simon]

Then that person doesn't need a BBL. Period.

Its a loan over 5 years - they may not need it today but one day in the future - typing 'period' doesn't make what you are saying correct Simon

The length of the loan is 6 years.

Let's just review what the Govn. website says:

"Eligibility
You can apply for a loan if your business:
is based in the UK
was established before 1 March 2020
has been adversely impacted by the coronavirus
"

You can't just take one in the off chance that you might need the money at some point in the future - your business has to have been affected by C19. Further eligibility comments:

"The business is engaged in trading or commercial activity in the UK at the date of the application, was carrying on business on 1 March 2020 and has been adversely affected by coronavirus (COVID-19).
...
They will use the loan only to provide economic benefit to the business, and not for personal purposes
...
"

So only if your business has been impacted as of now.

[Broccers]

Dont be a dummy - if your business has had no income for 4 months and you ran it properly you will have funds - you will be shedding your workforce and limping on using reserves. Hopefully things will pick up but if they don't you've a buffer of 50k when things get serious. After all its not your fault the government ruined your livelihood.

I still dont advocate buying a sports car,

[Orange Cola]

After all its not your fault the government ruined your livelihood.

And *POOF* went the credibility

[Broccers]

After all its not your fault the government ruined your livelihood.

And *POOF* went the credibility

Nope dont get it