I have a number of limited companies that trade in various products and services, most have been effected by COVID-19. I have asked if Tide will support the businesses that have accounts, I have been told it “one” loan per customer, I have pointed out that I have Ltd companies and they trade in different sectors and are NOT a group, I was further replied to:
“To be honest with you, we are still awaiting for further guidance from the british bank. Please keep an eye out for our updates and FAQ’s, as soon as these details are confirmed we will be sharing them with our members immediately” the support team member was - Katya
That reply was made on the 19th May, I straight away did some research, Santander have got there ducks in a row and have published guildence, click the following link:
I clearly fall into scenario D, small prints reads: If company A and company B are not operating in the same (or adjacent) markets, each may apply for a bounce back loan.
So come on Tide, if Santander know the rules why dont you?