The Swan, Ipswich

 

David Yates took over The Swan Public House, Ipswich four years ago. Although he had no pub experience at the time, he simply “fancied a change of direction” from his previous career as a mechanical engineer, and now runs two successful pubs; The Swan and The Warwick in Woodbridge nearby.

The Swan is a popular music pub attracting bands and musicians from all around the world including Canada, Germany and Greece; as well as those that have performed at British festivals Glastonbury and Latitude. David also organises an annual festival for the business - known as Swanfest - which this year hosted 28 acts and 10 DJs in one weekend. Following their success as a music venue, the pub has built up a large fan base bringing in punters from around the region to see the artists and enjoy a pint.

David took his first Liberis Business Cash Advance not long after taking over the pub in 2014. Because, as a young business, he didn’t have two years of accounts to show, he knew that bank funding would be out of the question. He approached Liberis to apply for a more flexible way to borrow, and received his funds within five days. He has since taken three more cash advances and has used the money to refresh and refurbish the pub; including relocating the bar, upgrading the toilets and retiling the floor, as well as purchasing kitchen equipment.

“Liberis has really helped me grow the business,” says David “I’ve been able to improve the pub and attract more people. It also means I don’t have to pay over the odds to lease equipment like bottle fridges. When you have six that are on 24/7, leasing is an expensive option.

“The efficiency of Liberis’ service is excellent too; there’s no paperwork and having worked with them for a few years now, I can get funding the same day. I wouldn’t go anywhere else. It really eases the cash flow and, running such a busy pub, I really need that flexibility.”

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Liberis is a responsible financial provider. Liberis does not offer 'short-term loans'. The minimum expected duration of a Business Cash Advance is 120 days / 4 months and typical expected durations are 6-12 months. These business financing products are not consumer loans.