Funding will help business cover ‘critical costs’ during ongoing coronavirus closure
A SEAFOOD restaurant in Edinburgh is now in a “positive position” after securing a five-figure sum through the UK Government’s Bounce Back Loan Scheme.
Located on The Royal Mile, Ondine – which launched a home fine dining delivery service during the shutdown – received a loan of £50,000 from Barclays through the scheme, which was set up to help smaller businesses access finance more quickly during the coronavirus pandemic. Barclays also granted the business a six-month capital repayment holiday on existing finance and a three-month rental holiday on the restaurant’s Barclaycard payment terminals.
Karin Brett, co-owner of Ondine, which opened in 2009, said: “We have been supported exceptionally well by Barclays. Our relationship manager Richie Paul has been helping us every step of the way to get through these difficult times and get Ondine the financial help needed to keep the business in a positive position as we work through the COVID-19 lockdown.”