New York Loan Company’s west coast counterpart, Beverly Loan Company, has been in the collateral lending business for over 75 years, loaning against luxury jewelry, complicated watches, fine art, one-of-a-kind memorabilia, and other high-end goods.  Jordan Tabach-Bank, the third generation owner and CEO of New York Loan Company, is also known as the Pawnbroker to … Continue reading New York Loan Company Buys Fine Art and Memorabilia →

  Beverly Loan Company has been located in the heart of Beverly Hills, California for 75 years, a prime location for Hollywood’s elite to discreetly pawn their luxury items.  So when CEO Jordan Tabach-Bank decided to open a branch on the East Coast, he knew that the location would have to be absolutely perfect. New … Continue reading New York Loan Opens in Brand-New International Gem Tower →

Beverly Loan Company is a high-end pawn shop three floors above the Bank of America branch on Santa Monica Boulevard. CEO Jordan Tabach-Bank’s grandfather started the company 75 years ago.

By: Jeff Tyler Marketplace  As the economy has suffered, one business model has thrived: the pawn shop. In fact, this may be the golden age of pawn.  The number of pawn businesses has increased by half in the last five years to around 10,000 shops. And over that same time, the average pawn loan has … Continue reading Pawn shops experience boom in hard times →

By: Charles Passy With holiday bills starting to come due, even some affluent Americans may be looking for a source of quick cash. But these days, the wealthy are increasingly likely to be wooed by lenders from a place outside the traditional financial realm—the local pawnshop. In recent years, the pawn industry, once saddled with … Continue reading Pawnbrokers pitch loans to kings and queens: Shops go upscale, as Beverly Hills pawnbroker opens Manhattan location →

As retailers like Tiffany & Co., Saks Inc., Best Buy Co. and Wal-Mart Stores Inc. vie for last-minute holiday sales, customers are being drawn away by a growing crop of competitors: pawn shops.

Pawn Shop To the Stars owner featured in high stakes bidding television series FINAL OFFER

When it comes to securing a pawn loan on high-end or luxury items, savvy consumers provide more information about their collateral than one might think.

The premier collateral pawn shop lender in New York, New York Loan Company reports that high end collateral loans for contemporary art such as Warhol, Hockney, and Chagall as well as celebrity memorabilia are at unprecedented levels.

  The 2007 financial crisis, which led to the weakening of global economies and the loss of 8 million jobs in 2008 and 2009 in the United States, tightened the availability of credit for consumers and small businesses. Since the crisis, the unemployment rate in the United States has remained stubbornly high and the economic … Continue reading High End Collateral Loans Flourish in the New Economy →