Thank you for your patience - we are reading all your comments and have been taking your feedback on board. We have just shared a new blog post answering the questions we have been receiving the most over the past two weeks.
From that list, I wanted to highlight the below question:
Based on the current amount Tide has available to lend, how many more Bounce Back Loans do you expect to deliver? You say you’re lending in batches – how often are new batches created and how many are in each batch?
We aim to offer a Bounce Back Loan to everyone who registered with us who is eligible. We’re currently scaling up to deliver hundreds of millions of pounds in loans.
This week – the first week of June, three weeks since our accreditation to deliver Bounce Back Loans – Oliver, our CEO, will write to all members again with an update on our lending. We’ll continue to write these updates regularly.
Remember, we’re aiming to offer loans to as many of you as possible – but we can’t promise that we’ll be able to do this. To find out more about the various factors that affect our lending, read the FAQ: When will I get a loan from Tide? I need a loan right now.
You can see the full post here 7.
I hope this helps.