11 May 2020

Approaching Banks and Other Funders for Tourism Businesses

This webinar will be delivered as part of Tourism NI's Tourism Enterprise Development (TED) Programme by PKF-FPM who will discuss the following:

Essentials for presentation to the bank to include: 

  • The COVID-19 impact on your business and mitigating actions taken to date
  • Detailed cashflow with realistic assumptions
  • Clear ask – how much, what format and for how long
  • Evidence of repayment capacity

Take Away – template for bank proposal including key metrics to be included

Overview of alternative sources of finance including:

  • Utilising your existing assets – cash advances on your debtors (invoice discounting); raising finance on unencumbered fixed assets (asset finance); selling on surplus stock at a reduced price etc.
  • Other sources of finance if mainstream not available – pros and cons

Full details for accessing this webinar will be provided upon registration.

Please note that places are limited to 2 representatives per organisation. Register early to avoid disappointment.

This session is open to any businesses within the NI tourism and hospitality industry.