Silver Shores Restaurant
We looked around a little bit for financing, even though we’ve had a long relationship with The Progress Fund. They were able to be flexible with their rates in order to make it work for us.
Business nearly doubled after the Schepner family bought Silver Shores Restaurant and brought live music and events to its lakeside patio. One problem: “If we had a storm coming in, we had to cancel entertainment outside,” Rob Schepner says. After the pandemic increased the allure of outdoor dining, they got an idea: weather-proof a porch known as the Captain’s Quarters, creating a fallback space for events. Just extend a wall and construct three garage-style doors, and Silver Shores would have a unique spectrum of atmospheres: upscale upstairs, tiki bar outside, and the versatile Captain’s Quarters in between.
The Progress Fund financed The Schepner’s purchase of Silver Shores, arranged their Paycheck Protection Program loan early in the pandemic, and now loaned $200,000 to fund enhancements.
Silver Shores’ patio remains Conneaut’s go-to-spot for a sun-drenched pig roast, clam bake, wedding reception or family reunion. Now, when the thunderclouds roll in, the garage doors roll down and the party moves to the Captain’s Quarters. Kitchen improvements and audiovisual upgrades allow Silver Shores to host everything from game-day gatherings to business meetings. “For us to be able to offer something with a nice view of the lake,” says Rob, “right over the water, is very appealing.” Especially now that it’s weatherproof.
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