Boston pub overcomes cash flow challenges and hits $1 million in revenue thanks to working capital found through Lendio.
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1-50
Porters Bar & Grill used a loan found through Lendio to solve his business’s cash flow woes and help turn things around.
"I was so happy to be able to do this deal with Lendio; it totally saved my business."
Porters' Story
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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Porters Bar & Grill used a loan found through Lendio to solve his business’s cash flow woes and help turn things around.
"I was so happy to be able to do this deal with Lendio; it totally saved my business."
Porters' Story
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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