Just a simple update from oliver would be good and show they are still thinking of us. Even if its just to say they havn’t forgotten about us and that they are trying to get us what we deserve,also what feedback they have had from the treasury if any. That would go a long way i think. At the moment it seems as though we have been set aside and forgotten by Tide.
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Hi there, @Marc1
Thank you, and everyone else for continuing to engage here on the forums.
We try to let members discuss without always jumping in unless it’s something we’d like to address, like now.
We haven’t forgotten about you. It’s an ongoing conversation, but as soon as we get a definitive final outcome on this from the Treasury, we’ll make it known.
Got a reply from my mp today.
“ Thank you for contacting me about Tide, I was sorry to hear of the difficulties that you have experienced.
I understand that you and many others have been directly affected by Tide’s decision to pause their Bounce Back Loan Scheme (BBLS) lending and to close their waiting list. I appreciate that many businesses are keen to receive the BBLS and protect their business and jobs during this difficult time.
As you know, the British Business Bank oversees the BBLS and other business support measures, such as the Coronavirus Business Interruption Loan Scheme. I note that the British Business Bank has made a statement on Tide’s decision on Twitter which states that the funding for the BBLS does not come from the Government or the British Business Bank, but from the lenders and it is for the lenders to secure funds and have sufficient capital to meet the lending forecasts. Tide remains an accredited lender and, should they secure additional funding, will be able to offer Bounce Back Loans again.
In the meantime, I would encourage you to approach other lenders offering the BBLS, of which there are over 20 other lenders, and apply to them for the BBLS. Even if you are rejected by a lender, you can still apply to another lender. Further to this, if you encounter any further difficulties, then please do not hesitate to get back in touch with my office and we will investigate your case further.”
Sounds like a standard reply.
Your MP obviously doesn’t know there are very few other avenues. In fact I think only HSBC is open to non customers. I’m in their pre-approval stage, have been for about 2 weeks.
If I pass that, then I go into the approval stage. Why they can’t just lump the 2 stages together especially if they are going to take weeks to get through.
Agree it does seem somewhat generic. At least he replied tho & acknowledged the tide situation, more than many others have done.
“Further to this, if you encounter any further difficulties, then please do not hesitate to get back in touch with my office and we will investigate your case further.”
Of course I replied highlighting that I and many others have tried every option imaginable & that we’ve been discriminated against for using a fintech bank / account which just seems disgracefully unfair considering the support government was touting not so long ago… also as with many others, having received nothing and only after enough to get up and running again.
hopefully he investigates the case further before it’s to late. 2 months and it’s game over.