Traditionally, pawn shops have been the last stop for people desperate for cash. But now there’s a small but growing group of pawn shops for the wealthy. Actor and model Regi Huc needed $75,000 in a hurry last year. He was making his first feature film, and needed to do re-shoots before the deadline to … Continue reading When The Wealthy Need Cash, Pawn Shops Can Be Appealing
Tensions are mounting between the pawn business and city police. Marc Kaye had to do something drastic when his children’s tuition bills at Columbia and Harvard came due just as his consulting business hit a dry spell. So he pawned his Picasso. An art collector, Mr. Kaye brought a sketch by Pablo Picasso with the … Continue reading Pawnshops for the wealthy
In an era of tight credit and a recovering economy, well-heeled borrowers face problems, too. Wall Street bankers need cash before the bonus check arrives. Heirs face estate-tax bills. Small-business owners have to pay for inventory up front. Pawnshops that cater to affluent clients are opening new outlets to fill the niche. The firms make … Continue reading Where to Pawn Your Warhol
NEW YORK (CBSNewYork) — An old-fashioned way of scoring cash is making a comeback with a twist. As CBS 2′s Maurice DuBois reported Tuesday, high-end, luxury pawn shops are popping up all over, offering loans on some very pricey items. Michele Savoia loves his motorcycle and his 1958 Chris Craft, but he couldn’t afford both. So he … Continue reading Seen At 11: Pawn Shops With A Twist
New York Loan Company, on the third floor of the state-of-the-art International Gem Tower at 50 West 47th Street, opened for business last year providing confidential collateral loans against diamonds, gold, jewelry, luxury watches and contemporary art. It is the sister operation to Beverly Loan Company, which has been the premier collateral lender in Beverly … Continue reading New York Loan Company Offers Collateral Loans to Dealers in the Trade at Discounted Rates
Check out our Beverly Hills company; Beverly Loan Company, which is mentioned in pages 51-54 of American Hard Assets. To read more click here: http://issuu.com/ahametals/docs/americanhardassets-december_january and check out pages 51-54!
It’s a legacy of the financial crisis that hasn’t quite faded away: Banks are still hesitant to loan to small businesses, constraining the growth of a part of the economy lionized by politicians and the public alike. While these businesses often rely on credit cards to finance operations and expansion, that’s a risky strategy, given that … Continue reading Should you get a small business loan from a pawnshop?
Traditional pawn shops are jumping on the trend. For instance, Beverly Loan Co., a pawn shop in Beverly Hills, Calif., opened New York Loan Co. in Manhattan, the Journal notes. “Small businesses needed loans more than ever before,” its CEO, Jordan Tabach-Bank, told the Journal. “Our bread and butter is the $20,000 loan to small-business … Continue reading New Breed of Pawn Shops Fills Business 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 … Continue reading High-Class Pawnshops Fill a Lending Void
New York, NY (prsync) September 30, 2013 – The most elite and prestigious pawn shop in New York has been thriving, despite being the only business currently open to the public in New York City’s International Gem Tower located in the Diamond District on 47th Street. While other occupants are busy planning and building out … Continue reading New York Loan Company Hands Out Hefty Referral Fees