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Delivered by PKF-FPM
This webinar was delivered as part of Tourism NI's Tourism Enterprise Development (TED) Programme by PKF-FPM who discussed 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
This session was open to any businesses within the NI tourism and hospitality industry.
If you missed it you can view our Approaching Banks and Other Funder for Tourism Businesses Webinar below.
To view the question and answers from this session please click here.
We are continually working to develop our Tourism Enterprise Development (TED) Programme. If you have a moment we would ask that you please complete a short evaluation after viewing this webinar session - Please click here to provide your feedback.