GALWAY HOTELS FEAR CREDIT REFUSAL FROM BANKS

Date Published: 06-Jul-2009

There's a real fear among the hotel industry in Galway that they will be refused credit from their banks during the low season. That's according to the Galway branch of the Irish Hotels Federation which is meeting with the Minister for Trade and Commerce Billy Kelleher in the city this evening.The minister is in Galway to meet with invited representatives of the business community and the banking sector. Minister Kelleher told Galway Bay FM News that he wants to address the difficulties being experienced by small businesses in Galway.Eoin Connors of the Galway Branch of the Irish Hotels Federation says local hotels are using up last year's overdraft facilities which is unheard of in the high season.However, Head of small business banking with Bank of Ireland Damien Young says the bank is still providing access to credit for Galway businesses.