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An Upscale Pawnbroker Offers an Alternative Form of Financing

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This story appears in the July 2013 issue of Entrepreneur. Subscribe »
Tailor-made: Michele Savoia put up his Harley for a loan from borro.
Tailor-made: Michele Savoia put up his Harley for a loan from borro.
Photography by Andrew Herthington<

Losing the lease on his Manhattan storefront left men's clothing and costume designer Michele Savoia scrambling for funds last summer, traditionally his slowest time of year. House of Savoia--which caters to Broadway, film and TV productions and individual clients--is a thriving business. But the lengthy legal battle Savoia waged trying to stop his landlord from hiking his rent sapped his savings.

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