I completely understand you are eager for us to share an update about BBL as this is of paramount importance to you and your business.
I’ve read some of your comments about our communications lacking clarity, I’m really sorry to hear you feel this way. Since we got accredited for the Bounce Back Loan Scheme, we created a landing page for the scheme, 52 FAQs, 8 blog articles and sent 15 BBL emails to our waitlist as well as updating our social community. We’ll continue communicating regularly with you but as I have explained on the community before - we want to update you when we have significant news. As of our last update from our CEO, we are very close to securing more funding.
We have been busy working on building out our waitlist into a self-service tool for our members that will allow you to see your position against our lending. Apart from the funding, variables which may specifically effect your waitlist position include eligibility status, other members decision on withdrawing the loan ahead of you and other members choosing not to opt in to a BBL with Tide.
If you are still confused about the above or think you have been given an incorrect waitlist position, please send me a DM so I can look into it and understand what happened. I’ll do my best to get back to you shortly.
In regards to timeline for the launch of our automated tracker, I’m afraid that I can’t give you a firm date but a dedicated team is working hard to launch this soon - we will update you as soon as it’s live. As always, we will beta-test this first to make sure it is working as it should for our members.
We will continue to keep you updated and, as we have said in our previous communications, we encourage members to consider all other options as well as a Bounce Back Loan from Tide.
Thank you for your patience,