Coronavirus

V8Druid

V8Druid

do it as well as you can,but learn to do it better
and another
www.theconstructionindex.co.uk

Covid loan fraudster in the dock

A Romford man who ran a joinery business in Essex has been handed a 15-month suspended sentence and community service order after he claimed a second Covid Bounce Back Loan and used some of the money for personal spending.
www.theconstructionindex.co.uk www.theconstructionindex.co.uk

" Charles Ling, of North Road, Havering-atte-Bower, had already received a £20,000 Bounce Back Loan in May 2020, which was both valid and used legitimately to support Bradcon (Bespoke) Joinery Ltd.
But the 57-year-old then successfully applied to a bank for a second Covid loan of £30,000 in June 2020.
In the days that followed, he withdrew £9,000 in cash and transferred a £2,500 mortgage payment from the loan. "
 
Furniss

Furniss

Well-known member
The lack of any kind of preparation or coherent response to something that was predicted is staggering.

Does anyone actually know someone who took a covid loan out for something other than a camper van.
 
S

Stroppymonkey

Well-known member
Furniss said:
The lack of any kind of preparation or coherent response to something that was predicted is staggering.

Does anyone actually know someone who took a covid loan out for something other than a camper van.
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I was eligible for a CIBL (covid interruption business loan). 3.9% over base. 5 year term with first year no repayments. Shockingly easy to borrow the money. I could have had £450K if I wanted , but we just had £150K and it’s been enough of a sweat to pay that off, especially when interest rates increased. I have 2 payments left and then I’m clear. Will be nice to see the back of it :)
 
Furniss

Furniss

Well-known member
Stroppymonkey said:
I was eligible for a CIBL (covid interruption business loan). 3.9% over base. 5 year term with first year no repayments. Shockingly easy to borrow the money. I could have had £450K if I wanted , but we just had £150K and it’s been enough of a sweat to pay that off, especially when interest rates increased. I have 2 payments left and then I’m clear. Will be nice to see the back of it :)
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Did you need it to stay afloat though ?
 
S

Stroppymonkey

Well-known member
Furniss said:
Did you need it to stay afloat though ?
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No.. we used it to expand, bought a couple more vans and a had a very busy couple of years. Build a trailer crane. Bought a spider crane and a bunch of new kit. Also allowed me to pull my invested money out of the business to fund my shed project.
Oh, and I did build a campervan in 2020 🤣
 
S

Stroppymonkey

Well-known member
Good day today. My last CIBL (Covid Loan) payment of £3250 went out today. Very glad to see the back of that bugger! Just 11 months left on the E10 (was 0%) then no work debt. I wonder if I could see today 5 years ago... what different decisions I would have made.
 
Lancs Lad

Lancs Lad

Well-known member
Hmmm this thread brings back memories.
Felt shite last weekend really bunged up and banging head...wife insisted I tested before seeing Dad in hospice ...ruddy positive. Didn't even know it was a thing still 😂
Feel ok again now but lieing low . 5 years on 🫣
 
V8Druid

V8Druid

do it as well as you can,but learn to do it better
Lancs Lad said:
Hmmm this thread brings back memories.
Felt shite last weekend really bunged up and banging head...wife insisted I tested before seeing Dad in hospice ...ruddy positive. Didn't even know it was a thing still 😂
Feel ok again now but lieing low . 5 years on 🫣
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oh it's a thing alright -- just wearing 'different clothes' ...
Pam's been real rough with it and still trying to shake the bloody cough, two weeks down the line :mad:
pretty sure I have some version of it - headful of snot, barking cough and feel like I've been trampled in a stampede - lower back pain is killing me and I have done absolutely nothing to pee it off - it just arrived - heaviest thing I've picked up has been a coffee cup -- thankfully I still have my taste - Pam's has still not returned in over a week ....... it is deffo a thing still :mad::mad::mad:
 
Gecko

Gecko

Well-known member
V8Druid said:
.... it is deffo a thing still
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Yep. Mrs G got back from a week in china a few days ago ... with the latest varient.
I guess I'll have it by next week - something to look forward to.

Anyone on the antivirals?
 
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V8Druid

V8Druid

do it as well as you can,but learn to do it better
Lancs Lad said:
Bourbon. And copious amounts 👍🏻 sorts most things I find

Oh and she feeds me a few pills...🤔
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well whatever this is, it has really wiped me out today :mad:
got up at 5 for some paracetamol and was on the 3rd dose by 3 ... been saving the 4th dose for bed .. head is absolutely bursting - have even considered tramadol-ing it today :rolleyes::unsure: - back is in half and my legs/bum cheeks're aching like I've run a marathon/been trampled on - cough is abating a bit though and still have my taste ?? :unsure:o_O
 
Lancs Lad

Lancs Lad

Well-known member
V8Druid said:
well whatever this is, it has really wiped me out today :mad:
got up at 5 for some paracetamol and was on the 3rd dose by 3 ... been saving the 4th dose for bed .. head is absolutely bursting - have even considered tramadol-ing it today :rolleyes::unsure: - back is in half and my legs/bum cheeks're aching like I've run a marathon/been trampled on - cough is abating a bit though and still have my taste ?? :unsure:o_O
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10 quid it's COVID thing. Prob from your grandkids school ...ours was
 
V8Druid

V8Druid

do it as well as you can,but learn to do it better
Lancs Lad said:
10 quid it's COVID thing. Prob from your grandkids school ...ours was
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well that makes it dose no 6 for me .... but not had it like this before - not with the legs and back - cough is deffo covid-esque as is the banging head :mad: :mad:
 
V8Druid

V8Druid

do it as well as you can,but learn to do it better
kill or cure .... not eaten since yesterday lunch-time - just don't fancy anything, or feel hungry -- ate 3/4 of it though -- light lunch tomorrow :rolleyes: good ol' chick tik mas (y)
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