CBILS Declined by RBS

Run a company with 80 staff that is about to go bust due to @rbs rejecting #cbils application, excuse given was one of our owners failed personal credit check!

[Gavin Reynoldson @GavinReynoldson]

I’ve created an anonymous form to collect data on businesses that have applied for #CBILS. Interested to see the data on how many have been declined/approved and for what reasons. Click the Google Form to add details.

https://t.co/9gQjCYgaAl

#cbilsnotworking

[CBILS Declined by RBS @CbilsO]

@RishiSunak Viable businesses like ours are having our #cbils applications rejected by the banks using any excuse they can. You must instruct the banks to accept every viable business, no excuses!

[Cristian Proietti @CristianProiet4]

#CBILS call today @MetroBank_Help asking the cbils loans and it's been refused
I own a small profitable business,I just need the money to keep my business alive.
@RishiSunak What should I do?

[Gavin Reynoldson @GavinReynoldson]

What in the name of Zeus’ butthole are the eligibility requirements for #CBILS?

Businesses are being declined even through they have revenue, are profitable, have cash flow forecasting/P&L/balance sheets.

@RishiSunak @AlokSharma_RDG @HSBCUKBusiness @StarlingBank

[CBILS Declined by RBS @CbilsO]

@northerntrack @RBSBusiness @RishiSunak Thanks, feel pretty alone when you have to resort to making an anonymous twitter account to get heard.

[CBILS Declined by RBS @CbilsO]

Absolutely furious and upset right now. I run a company with 80 staff that is about to go bust due to @RBSBusiness rejecting our #cbils interruption loan application, the reason given was that one shareholder has a poor credit rating! #cbilsnotworking #fixcbils @RishiSunak

[CBILS Declined by RBS @CbilsO]

@spacemonkeypg @LloydsBank Don't switch to @RBSBusiness our company qualified for the #cbils loan but they rejected us because one of our owners failed the personal credit check. No idea why that would matter unless they're looking for any reason to say no.

[CBILS Declined by RBS @CbilsO]

@GavinReynoldson @RishiSunak We were rejected by @RBSBusiness because one of our companies shareholders failed a personal credit check! Banks clearly using any excuse not to lend #cbils. Going to have to lay off 80 staff when we go bust.

[Andy Hair @northerntrack]

Government urged to fully underwrite cornavirus business interruption loans #CBILS

Is anybody listening? @RishiSunak @hmtreasury @AlokSharma_RDG @GOVUK

https://t.co/6TDGZ3l5vc

[Juliette Brown @JulietteABrown]

Having spent time researching and contacting @Barclays regarding the #CBILS it has become clear that to get one, your business should ideally have lots of spare cash, plenty of valuable assets for collateral, have been profitable for years and most importantly...not need one.

[Cristian Proietti @CristianProiet4]

#CBILS I have 5 employees on furlough scheme,In about 2 weeks time I have to pay the 80% of the wages,my "great bank" @MetroBank_Help didn't accept my application for the loans,so in 2 weeks time the country will have 5 more unemployment and 1 less business on board.

[CBILS Declined by RBS @CbilsO]

@SallyBundockBBC Exactly the circumstances we're in. @RBSBusiness rejected our #cbils application. Company profitable and growing but they used the excuse that one of our shareholders had failed the personal credit check. Why should the owners personal credit rating matter! #cbilsnotworking

[CBILS Declined by RBS @CbilsO]

@smartboudoir We're in the same boat, 80 staff furloughed, #cbils rejected by @RBSBusiness based on the personal credit rating of one of our shareholders. Banks clearly desperate to find any reason to reject applications and don't give a shit that we can't pay wages at the end of the month.

[CBILS Declined by RBS @CbilsO]

@DannyCollinsMCR @HSBCUKBusiness Same here, rejected because one shareholder failed credit check, not even a director. @RBSBusiness clearly looking for any and every reason to reject #cbils applications.