What is a Pawn Loan?

This it second oldest business known to man. Pledging your valuable items in exchange for cash now. We lend you money and hold onto your items. Super simple. Super easy and very common. Just bring in any item of value for a free loan appraisal and we can determine it's value and make you offer to lend money to you.

How Does a Pawn Loan Work?

Simply bring in any item of value. If we can agree on the terms, we write up the loan agreement, get a signature and thumbprint from you, take your item and store it for free during the life of the loan. We have a safe, secure storage area and no one can see or touch your items while in pawn at our store. We don't pull your credit and we don't call any references.

What is the Charge for a Pawn Loan

The State of Florida regulates the interst that pawn shops can charge their customers. For smaller amounts, all pawn shops charge 25% interest per 30 days. For larger loans over $500, it can be as little as 10% per 30 days. There are no storage fees or paperwork fees. Generally your first pawn transaction takes about 10 mins start to finish. Once you are a regular customers, they can take less than 2 minutes.

How Long Do I Have to Pick Up My Pawn.

For a standard pawn in our shop, you get 60 days to pick up your items. This is the State Standard for a pawn in the State of Florida. There are two interest periods during that 60 days, but you are not required to make any payment for the first 60 days.

What Happens if I Can't Pick Up My Pawn Loan.

Easy, just let us know you cannot pick up your loan, make one interest payment and we will extend your loan for 30 days. Each time you make one interest payment, we extend the loan for 30 days. Of course it is best for you and we recommend picking your items up, but we understand that emergencies happen and some times you just need a little extra time. No worries, we are here for you.

What Happens if I Default On My Pawn Loan

We hate when this happens. However, we understand that life is not always predictable and that some times you just cannot afford to get your items back. No problem from us. No hard feelings. After our grace period, we simply place your items on the sales floor for sale to anyone. You can purchase it back or some one else may purchase your items. We welcome you each and every time you need a loan, even if you have defaulted on previous loans. Each transaction is a new tranaction to us, so don't worry if you have ever defaulted on a loan. We are here for you no matter what happens.