Dorman's Bar and Mary's Bar of Magherafelt, Co. Derry, have secured financial support from Ulster Bank to help them weather the coronavirus crisis.
The support includes a loan via the UK government-backed Coronavirus Business Interruption Loan Scheme (CBILS).
"Really Come To The Fore"
Henry McGlone, who co-owns and manages the two venues with his wife, Teresa, stated, "The team at Ulster Bank has been incredibly helpful, moving very quickly to put in place this essential support. Clearly, we have faced a complete stop to our trade due to social distancing measures. Without this support we would, quite simply, be out of business. Ulster Bank have always worked well with us, but it is at this time of crisis that they have really come to the fore to enable us to preserve our businesses for the future - something that is not only important for us, but for the town as a whole."
"A Central Part Of The Local Economy"
Meanwhile, Ulster Bank relationship director Damien Long commented, "Mary's and Dorman's are a central part of the local economy in mid-Ulster, having seen substantial investment over the years, providing employment to many and attracting visitors from the wider area. Ulster Bank is strongly committed to supporting our customers in these times of significant challenge, and we have worked closely with the owners and their advisors to put in place a package to appropriately assist the businesses at this time."
© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
