Frequently Asked Questions
Beverly Loan Company
9440 Santa Monica Boulevard, Suite 301
Beverly Hills, CA 90210
New York Loan Company
50 West 47th Street, Suite 319
New York, New York 10036
Chicago Loan Company
29 East Madison Street, Suite 1215
Chicago, IL 60602
The Loan Companies prides itself on being the premier high-end luxury pawn shop in the country. We have the expertise to purchase and loan against unique, one-of-a-kind collateral. With over 75 years of experience, our family-owned business has earned an impeccable reputation and is frequently referred to by the media as the “Pawn Shop to the Stars”. We are able to provide higher loan amounts due to the expertise of our GIA trained loan officers and our longstanding relationships with buyers on both Coasts.
No matter what the size of the transaction, every pawn loan is conducted with unparalleled professionalism in the comfort of a private office. Furthermore, we make every effort to protect our clients’ privacy and confidentiality; customer service and discretion have always been the cornerstone of our business.
Loan contracts are offered in four-month terms. All loans are non-recourse and all interest rates and loan terms are governed by federal, state and local law.
We pride ourselves on being completely transparent and we charge absolutely no hidden fees. Pawn tickets have a clear breakdown of all costs associated with the loan. Unlike some of our competitors, The Loan Companies does not take any fees upfront. The entire amount all interest and fees is paid only when you redeem your item or rewrite the loan. Our loan officers are pleased to answer any questions regarding the loan process during your visit.
We ask that the client compile an email with photographs of the potential collateral and any details, most specifically the provenance. Upon receipt of the email, we will conduct our due diligence. This process can take up to 24 hours (or more) as we must often consult with other experts and pull comparable auction records in order to determine the most competitive valuation possible.
Please be aware that we cannot make a firm offer until we see the collateral in person.
The Loan Companies employs state-of-the art safety measures to ensure security and protection. All collateral is stored in a vault within a vault under 24-hour surveillance.
Please note that our family-owned business has been in continuous operation since 1938 and we have never lost, broken, or misplaced any collateral. We handle all collateral with the utmost respect and care and package it safely and securely while in your presence.