Category: Collateral Loan

Spotlight on the 4 C’s – Diamond Cut and Shape

Spotlight on the 4 C’s  – Diamond Cut and Shape

The cut of a diamond, one of the four aspects of grading that determine quality and rarity, is a characteristic that many collectors are somewhat familiar with. The GIA (Gemological Institute of America) trained gemologists at New York Loan Company appreciate the importance of cut when evaluating a diamond for pawn loan or purchase. Part … Continue reading Spotlight on the 4 C’s – Diamond Cut and Shape

What is a Pawn Loan and Why is it The Right Option for Me?

What is a Pawn Loan and Why is it The Right Option for Me?

Due to popular TV shows bringing the pawn business into the spotlight, more people than ever before are curious about collateral lenders and their businesses. Pawn loans can be confusing and somewhat intimidating to those who have never had a collateral lending experience before, and New York Loan would like to help answer common questions. … Continue reading What is a Pawn Loan and Why is it The Right Option for Me?

What is an Appraisal?

What is an Appraisal?

An appraisal, either for art, jewelry, or memorabilia is a document that helps determine value. Different types of appraisals include fair market value, liquidation value and replacement value. These can all vary significantly– but the most typical appraisal is for replacement value, which reflects a “retail replacement price”. These appraisals are sent to an insurance … Continue reading What is an Appraisal?

High End Collateral Loans Flourish in the New Economy

  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

New York Loan Company Meets All Your Pawn Needs

As the premier pawnbroker New York, New York Loan Company has been catering to the business needs of celebrities, influential executives, socialites and other Hollywood power players since 1938. The flourishing family-owned business is situated in the heart of New York’s diamond district is known across the country as the Pawnshop to the Stars™.  As … Continue reading New York Loan Company Meets All Your Pawn Needs