The Bounce Back Loan Scheme (BBLS)

[Mohammad1234]

Hello Everyone,

I have question please if someone can help me with:

My (T1 200k) investment done over 350k so far and I am running a restaurant as we are affected by COVID-19 situation.

We are eligible for The Bounce Back Loan Scheme (BBLS) through our bank. is this support or say Loan will affect my visa status, (public funds)?

Thank you all and Stay Safe

[marcnath]

Hello Everyone,

I have question please if someone can help me with:

My (T1 200k) investment done over 350k so far and I am running a restaurant as we are affected by COVID-19 situation.

We are eligible for The Bounce Back Loan Scheme (BBLS) through our bank. is this support or say Loan will affect my visa status, (public funds)?

Thank you all and Stay Safe

No

[Mohammad1234]

Hello Everyone,

I have question please if someone can help me with:

My (T1 200k) investment done over 350k so far and I am running a restaurant as we are affected by COVID-19 situation.

We are eligible for The Bounce Back Loan Scheme (BBLS) through our bank. is this support or say Loan will affect my visa status, (public funds)?

Thank you all and Stay Safe

No

Thank you for the reply

[umer.shahzad1]

this is a very curtail part even though technically it wouldn't impact your extension application but Home office during scrutinizing may ask you the source of funds of your investment if you have enough evidence available for your investment then you are okay

[Anontier20]

@ Mohamed, just so I can understand for my own curiosity, you are on the Tier 1, £200k route, and have a restaurant, your revenue was £350k or you've spent an additional £150k and have ended up spending £350k instead of £200k?

[zimba]

We dedicated a post to this so we do not have to repeat the same thing over and over again in each post.
uk-tier-1-entrepreneur-visas/impact-due ... l#p1896535