High-Class Pawnshops Fill a Lending Void

High-Class Pawnshops Fill a Lending Void

Some old-line pawnshops are expanding to capitalize on the trend. Beverly Loan Co., a 75-year-old Beverly Hills, Calif., pawn operation, earlier this year opened an enterprise in Manhattan called New York Loan Co.

“Small businesses needed loans more than ever before,” says Chief Executive Jordan Tabach-Bank. “Our bread and butter is the $20,000 loan to small-business owners who have to meet payroll or inventory demand.”

 

Read more here: Wall Street Journal
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High-Class Pawnshops Fill a Lending Void
Article Name
High-Class Pawnshops Fill a Lending Void
Description
Some old-line pawnshops are expanding to capitalize on the trend. Beverly Loan Co., a 75-year-old Beverly Hills, Calif., pawn operation, earlier this year opened an enterprise in Manhattan called New York Loan Co. “Small businesses needed loans more than ever before,” says Chief Executive Jordan Tabach-Bank. “Our bread and butter is the $20,000 loan to small-business owners who have to meet payroll or inventory demand.”   Read more here: Wall Street Journal
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New York Loan Company
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