If this sounds like you
I am worried about a Bounce Back Loan
Separate an inability to repay from concerns about eligibility, declarations or use of the funds.
You may recognise this
- The company cannot maintain the repayments.
- You are unsure whether all application information was correct.
- Some spending may not have been for the economic benefit of the business.
What to do now
- Keep the application, lender letters and bank statements.
- Trace how the funds were used.
- Get independent advice before dissolving the company or moving money.
What to avoid
- Assuming non-payment alone proves misconduct.
- Assuming the government guarantee removes every risk.
- Changing records or inventing explanations after the event.
Useful information to gather
Do not wait for everything to be perfect. Start with what is readily available.
- Loan application and declarations
- Bank statements showing receipt and use
- Invoices and payroll records
- Repayment and lender correspondence
Why timing matters
Earlier action can preserve time, information and choice. Waiting for certainty can allow cash, legal or creditor deadlines to decide the next step for you.
Would you like to talk about this?
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Related next steps
This page provides general information, not advice about your company or personal position. Formal deadlines may require immediate advice from a solicitor or licensed insolvency practitioner.