HOW DO COLLATERL LOANS WORK?

Collateral loans, also called pawn shop loans, involve using something valuable you own as security for a short- term loan. It’s like borrowing money with your belongings as a guarantee.

With a collateral loan, you can secure a significant sum of money without needing a co-signer, regardless of your credit past.

While selling an item means giving up ownership, a collateral loan allows you to maintain ownership. Once you repay the loan, you can retrieve your item promptly.

You will receive text notifications when your payment is due


  • At Pawn Emporium, a wide variety of items can be used as collateral for a loan, as long as their appraised value meets or surpasses the requested loan amount. Accepted items include:

    Firearms

    Jewelry, even if it’s broken

    Fine Watches

    Precious Metals

    Coins

    Loose Diamonds and Valuable Gemstones

    High-end DSLR cameras and relatable gear

    Apple Products

    Laptops and Computers

    Phones

    Musical Instruments

    Select Collectibles

    Luxury Handbags

    Artwork

    Large Machinery (Skid Steers, Mini Excavators, Trenchers etc…)

  • If you need cash fast but do not want to sell the item outright, a loan is an excellent option for you. You borrow money against the item of value and can pick it up in 30 days or extend the loan for another 30 days if necessary.

    If you don’t want the item anymore and just want to get rid of it, then you should sell it. It’s a great way to get cash fast and get rid of unwanted items.

  • We are unable to provide quotes over the phone. To value your item, we must see the condition of it and research it in person.

  • Depending on what items you bring in and how much you bring determines how long the loan will take. All items must be researched for value and tested to ensure they work.

    However, pawning is one of the fastest and easiest ways to get cash fast. There are no credit checks because your loan is based on the value of your items.

  • We do our absolute best to try to prevent from loaning or buying stolen items. However, if you had something stolen, YOU MUST FILE A POLICE REPORT.

    Every item that is taken in is reported to the police department along with the persons information of who sold or loaned on it. The police department will contact us regarding any stolen merchandise.

FAQS

FAQS

steps towards getting your loan…

Stop by for a fast assessment of your items at the counter. We do not give quotes over the phone.

1

Get your verbal quote right away at the counter within minutes

2

Present a proper identification such as a Drivers license, ID card or Passport

3

Once your loan is approved, we’ll generate the loan agreement for your signature, which you’ll receive a copy of for your records

4

As you receive your payment in cash, your item will be securely stored.

5