Travel agency secures funding to help clients re-book holidays

A travel agency business has secured funding through the Coronavirus Business Interruption Loan Scheme (CBIL) in order to help its 300 clients rebook their holidays.

Four Oaks Travel, based in Sutton Coldfield, is owned by husband and wife John and Linda Young and was established in 1994.

Linda Young said: “We’ve been an established family-run travel agent for 30 years and have never touched our overdraft, but we are using this loan scheme because it’s the best option for the long run. After all this is over, we’re hoping all of our customers come back and book all the holidays they couldn’t go on now.

“Even though new bookings have stopped because of coronavirus, we need this loan to stay open to support customers with existing bookings. It’s important that our customers can pick up the phone and talk to a human who can help them keep updated, and help them rebook their holiday or get a refund.”

Parveen Dhillon, business manager at Barclays in Walsall, said: “Four Oaks Travel is a long established business that enjoys a good reputation locally. I am delighted we have been able to support John and Linda through the provision of the Coronavirus Business Interruption Loan Scheme, who in turn can support their customers through what is a really challenging time.”

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