New York Loan has had the privilege to be interviewed by some of the most prestigious news outlets in the US, including The Wall Street Journal, NPR, and Reuters.
The normal stream of customers heading into EZ Pawn shops has slowed to a trickle. “People assume that pawn shops thrive in times of desperation and that’s just not where we are right now,” said Lauren Kaminsky, President of EZ Pawn Corp. Pawn shops were exempted from Governor Cuomo’s order closing all non-essential businesses to … Continue reading Pawn Shops See New Loans Plummet Amid Pandemic
Prominent online lender Borro Private Finance unexpectedly ceased its collateral-based lending program this summer after nearly ten years of business. The UK-US-based establishment specialized in online pawn loans against valuable assets, including fine art, jewelry, and watches. The immediacy and convenience of pawn loans has cemented its value within the brick-and-mortar eco-system and established collateral … Continue reading Online Pawn Lending Goes Back Offline
It has to be said that being “cash-poor”—meaning you’ve got a lot of assets, but very little wealth in spendable form—is, despite its negative connotations, a position of incredible privilege. Most often you’ll hear about it in relation to celebrities as the reason for a house flip or sale of a beloved Lamborghini. But surprising … Continue reading Warhols for Fast Cash: Why Collectors are Pawning Expensive Art
Wealthy people looking to fund new ventures are turning to their Rolexes and art collections as collateral for quick and easy loans from high-end pawn shops. Business owners say the trend points less to financial distress and more to customers eager to seize money-making opportunities. Wealthy people looking to fund new ventures are turning to … Continue reading The wealthy are using pawn shops to finance their business ideas
The New York Loan Company sells items like $30,000 Hermes Birkin bags and fine jewelry. Its professional staff and tight security make it unlike any other pawn shop experience. They promise their clients absolute confidentiality. The New York Loan Company isn’t your typical pawn shop. Your fingerprint must be taken before you can access the … Continue reading Inside the pawn shop where Wall Streeters and other New York elite sell their Rolexes and Birkin bags
After she lost her job, Angela Rivers found herself in need of some quick cash. Instead of heading to her bank, she delved into her Brooklyn closet. An avid shoe and handbag collector, she took out her cherished chocolate brown Birkin and went across the river to Manhattan, where she had an appointment in the … Continue reading A Birkin Bag in the Box Is Worth a Lifetime of Debt
There are 8 million stories in the naked pawnshop. There’s the bling put up by a beloved Knick before his death; an MTV Award presented to a world famous rapper; a 1976 World Series trophy awarded to a minor cog in the Big Red Machine; and a $45,000 watch put up by the girlfriend of … Continue reading From Oscars statues to a killer’s bling: The mystique of city pawnshops
Strapped for cash? This luxe Diamond District store pegs itself as an “upscale collateral lender,” and indeed owner Jordan Tabach-Bank’s private suite is tastefully decorated, its cream walls adorned with clips from Crain’s and other econ rags Read the full article: http://www.timeout.com/newyork/shopping/new-york-loan-company
BEVERLY HILLS, Calif., Jan. 6, 2015 /PRNewswire/ – Jordan Tabach-Bank, CEO of two luxury pawn shops, Beverly Loan Companyand New York Loan Company, anticipates a record-setting year for asset-based lenders focused on high-end items, particularlydiamond jewelry and fine watches. Photo – http://photos.prnewswire.com/prnh/20150105/167057LOGOPhoto – http://photos.prnewswire.com/prnh/20150105/167058 “Our business has records dating back to the 1930s and pawn loans have become a mainstream financing option for the … Continue reading Pawnbrokers to the Stars Predicts a Banner Year for Collateral Lenders
Hard up for cash and need a fast loan? There are pawnbrokers all over Greater New York who will take your gold, your diamonds, even your car. And two are willing to take your Mouton, your Petrus and your Domaine de la Romanée Conti. Both Borro Co. and New York Loan Co. have added fine … Continue reading Uncorking the City: Pawning the Petrus
