New York Loan Company is considered a luxury pawnshop, and with 493 pawn brokers in Manhattan alone, it’s an important distinction. Pawnbrokers have been around for centuries, but the term “Luxury Pawnshop” wasn’t coined until 1938, the year in which Louis Zimmleman founded Beverly Loan Company, the first high end establishment providing pawn loans against … Continue reading What is a Luxury Pawnshop Anyway?
New York Loan Company has been gaining a lot of media attention lately, both locally and nationally, ranging from the New York Times to NPR to The Wall Street Journal, which begs the question: Why is New York Loan Company so newsworthy? A unique service. New York Loan Company, and its sister store in Beverly … Continue reading Why is New York Loan Company so Newsworthy?