If it's true about HSBC, surely places like CTC and OAA would have to stop their schemes that rely on the loan?
OAA don't have the kind of setup that CTC [used to?] have. CTC is the ONLY place you could get the cash without signing away grandmas/parents/random persons house as security. CTC do secure 30K, so as far as HSBC are concerned the total sum is partially secured.
If this goes CTC will still remain one the best JAA FTOs in the world with one of the highest employment rates, it just won't have the added bonus of free money (ahem
), you will have to find the cash yourself.