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PORTERS BAR & GRILL
Porters Bar & Grill used a loan found through Lendio to solve his business’s cash flow woes and help turn things around.
Located near TD Garden, home of the Celtics and Bruins, Porters Bar & Grill is a lively neighborhood watering hole for concert-goers and sports fans alike.
Due to some high-interest loans, Porters’ debt continued to grow. The bar hoped savings would last through the off season, but wasn’t able to hit that goal.
After receiving the loan from Lendio, Porters Bar & Grill was positioned to earn over $1 million in annual revenue.
Located near Boston’s TD Garden, home of the Celtics and Bruins, the 85-seat Porters Bar & Grill fell on hard times in 2017 during the summertime off season.
Scott Nogueira, who opened the pub in 1999 with two business partners, scrambled to come up with the cash to survive, but the business’s debt “hole” continued to grow.
“We’d end up going into debt, and paying it back would take all season, so we couldn’t build up a pile” of savings, Scott says.
Spurned by traditional lenders, including his bank of 17 years, Scott turned to Lendio to solve his cash flow woes and help save his business. After securing financing through Lendio, Porters became positioned to earn over $1 million in annual revenue.
“I was so happy to be able to do this deal with Lendio,” Scott says. “It totally saved my business,”
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California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Financing Law License No. 60DBO-44694.