A £500,000 loan with a seven per cent interest rate was taken out by the company in September 2019 at a point when it had come close to running out of money and being unable to pay staff.
The deadline for repayment was moved several times but it was announced this week that the debt had been repaid in full as a result of the sale of a building owned by Welcome to Yorkshire in York.
Welcome to Yorkshire refused to confirm any details about the sale but figures were provided by North Yorkshire County Council confirming over £68,000 in interest had accrued.
A spokesperson for North Yorkshire County Council said: “Welcome to Yorkshire has fully repaid the £500,000 loan that was in place.
“The repayment was within the period of the terms of the loan and Welcome to Yorkshire has no further commitment.
“In total, the repayments amounted to £568,696.59.”
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