The tide interrupts loan rebound, leaving 10,000 people stranded on its waiting list

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What are customers saying about Tide?

Many Tide customers have spoken out against the company’s decision to stop lending bounce loans, with some reaching out to express their disappointment.

A money saver, Simon, said: “After waiting weeks and weeks for Tide to grant my business a bounce loan, I received an email today stating that Tide will no longer be providing loans. My business has been overwhelmingly affected by the pandemic and I was pinning my hopes on a rebound loan to get us out of it. “

Another, Lee, said: “I was waiting for a rebound loan from Tide to support the closure of my training and consulting business due to the coronavirus. I have now been informed that Tide is on hold due to lack of funds. , hoping that the government can provide direct funding to support the program in the future.

“This is going to devastate my business and I will be forced to shut down as I have had to cover all the bills during this entire foreclosure period and I cannot survive financially. I feel so badly disappointed with Tide.”

A third MoneySaver, Danielle, told us, “I applied for a bounce loan from Tide. I opened a new business account with them and it’s now up and running. I got an email yesterday informing me that Tide has ceased to offer bounce loans, but I ‘tried unsuccessfully to register with other banks. “


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