How would the bank know my turnover?
That’s my thoughts exactly.
ZERO checks were done. I know loads that have applied and got the full £50k (some on multiple businesses) on self certs that turnover nowhere near £200k.
Once the media got onto the fact that the first stage of government loans were almost impossible to obtain, and started heaping the pressure on the government, they made the bounce back loans far too easy to obtain.
There’s loads that have got these loans with no intention to pay them back.