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Daily Record
Daily Record
National
Ross Dunn

Brazen Ayrshire business chief spent majority of £30,000 Covid loan on herself

A brazen Ayrshire business chief has been banned from being a company director for ten years after spending the majority of a Covid loan on herself.

Monica Coyle, 51, who was the president of Ayrshire Business Women, claimed a £30,000 Bounce Back Loan (BBL) in May 2020.

The UK Government's Insolvency Service say that the Kilmarnock woman personally gained at least £26,861 in payments from the loan.

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