Never been to a pawnshop? Thinking about making your first visit? You’re not alone. The poor economy has many people considering pawning items to provide short-term solutions. We’re seeing more and more people who’ve never seen the inside of a pawn shop walk through our door at Traders Loan and[…]
Read More »It’s often difficult for entrepreneurial business owners to get a small business loan from a bank. This, in part, prevents the economy from growing and keeps us in a slow recovery. Many small business owners rely on credit cards to finance their business, which is an unsafe strategy. More and[…]
Read More »There is more than one legend of how pawnshops’ trademark symbol of the three balls came about. The first is probably the most popular. The trademark symbol of pawnshops’ three balls was established in the second decade of the 19th century by the Medici families in Italy and the Lombards[…]
Read More »Did you know that about 30% (source: NPA) of households in the United States [or millions of households] don’t have a bank account? That number is on the rise as more people look for alternative ways to get cash. A couple of reasons people don’t have bank accounts are: They don’t[…]
Read More »Ask many different people about the origination of pawning and you’ll probably get many different answers; each with a variation of truth. Most will agree that they really don’t know for sure how pawn shops got started but the act of lending money by collateralizing personal possessions can be traced[…]
Read More »In the United States, the number of pawn shops grew exponentially because of the vast growth of the domestic manufacturing sector, which mostly paid their workforce low wages. Pawn shops because essential for those workers because they helped form a crucial bridge between paydays and loaning cash for basic necessities[…]
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