An iconic Street venue has received a six-figure funding boost to support its reopening.
In 2021, following a period of enforced closure caused by the pandemic, The Loft restaurant was taken over by Mark Tobin.
The building, which has a long and colourful history, was originally a theatre and Mark has taken extra care to integrate its historic characteristics with the new refurbishment to create an opulent dining experience.
Whilst a family-friendly vibe is a crucial element of the venue, upstairs in the eaves of the building can be found Street’s only dedicated cocktail and prosecco lounge, Marion’s Bar.
The Loft currently employs 10 people who are all local to the restaurant, with employment expected to rise to 15 over the next year.
The business was referred to SWIG Finance by Kai Pinnell, Business Development Manager at South West Business Finance (SWBF).
The loan was backed by British Business Bank’s Recovery Loan Scheme and supported by Triodos Bank.
The Loft owner Mark Tobin said “The pandemic affected business dramatically. Without the safety net of SWIG funding my restaurant would have already opened and closed – I would not be in business without this help and support. SWIG Finance were phenomenal, my business manager Nicola provided help and advice every step of the way.”
SWIG Finance’s Senior Business Manager Nicola Mapp commented “Mark has a great deal of experience in this industry, and because he knows this venue particularly well, he is perfectly positioned to lead the relaunch of this exciting restaurant. For over a century, this venue has played an important role within its local community, and we are delighted to play a small part in helping to bring it back to life again for all to enjoy.”
