Entrepreneur

An Upscale Pawnbroker Offers an Alternative Form of Financing

A men's clothing retailer pawns his Harley-Davidson to keep his store open.
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. --which caters to Broadway, film and TV productions and individual clients--is a thriving business. But the lengthy legal battle Savoia

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