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 Hills, Beverly Loan Company, provide a unique opportunity for those who have short-term liquidity issues, but also have luxury assets. Do you need cash for a business deal? It’s much easier to pawn a diamond ring from the jewelry box or the coin collection collecting dust in the safe deposit box than tangle with your bank for weeks. Pawn loans are non-recourse and there are no credit checks involved; in other words, your livelihood is never at risk. Need money for a down payment for your dream home? It’s much more comfortable, safe and discreet bringing in your limited edition Rolex to a private and friendly office in the International Gem Tower than walking into a cramped street-level jewelry store under a neon sign.
Strict confidentiality and security. The privacy of each client and the security of their collateral is a main focal point for New York Loan Company. Not only do they have private offices overlooking 47th Street’s Diamond District, but all collateral is stored in a state-of-the-art class 3 vault. “We understand that our clients must be comfortable leaving their prized possessions in our hands, which is why we go to such great lengths to keep assets safe while in our possession and why we will never reveal any information about our clients or their collateral,” said Jordan Tabach-Bank, owner and CEO of both New York Loan Company and Beverly Loan Company.
Expertise. Graduate Gemologists trained by the Gemological Institute of America are exclusively employed at New York Loan Company. This means that jewelry and diamonds are accurately authenticated and valued by the very best in the industry. In addition to knowledge in the gem and jewelry trade, they have expertise in high-end watches, contemporary and modern artwork, and one-of-a-kind sports and entertainment memorabilia.
The popularity of New York Loan Company is no surprise to the owner and his employees, since Beverly Loan Company has received significant media attention since it opened its doors in 1938, and is often referred to as the “Pawn Shop to the Stars”. New York Loan Company’s unmatched professionalism and niche service attracts clients of all walks of life, as well as the media – with no signs of slowing down.