Pawn Loans in Southwest Florida
at First Pawn Jewelry & Loan
First Pawn is your EASY Money Store!
We provide fast and easy cash loans when you NEED it the most!
We all miscalculate sometimes or go through a down period where money just isn’t coming in as fast as it is going out. Suddenly, before you know it, a bill comes due and you are short on funds.
That’s where First Pawn Jewelry & Loan is here to help you! Find something of value you already own and bring it on in to First Pawn where you can take out a no credit check pawn loan, walking out with cash in a matter of minutes.
Frequently Asked Questions About Pawns
What is a Pawn Loan?
A pawn loan is a personal, home or business loan based on collateral. A pawn loan can be done on any valuable product the consumer brings in and the loan amount is based on the value of that item.
Unlike banks, where they base your loan on a number of factors including employment history, income, assets held and credit, Pawn Brokers use a much easier system. It is based on whatever item you currently own and are willing to place on a physical hold with them for the time frame of which the loan is outstanding. During that time, interest accrues on the loan and is paid to the broker.
These loans are not intended as long term financial fixes but can be a fantastic option when you need short term cash in the interim. When managed correctly they can be a tremendous financial asset to have at your disposal.
How Much Can I Borrow?
We lend anywhere from $5 to $10,000 plus. It all depends on the value of your item. First we consider the needs of the customer and start every interaction with a desire to get you what you need. We find that when we build relationships with our customers, it becomes less about the value of the stuff, and more about the value of the earned trust between the store and the customer.
What Can I Bring in to Pawn?
The short answer is: Anything of value that doesn’t eat! 😂
The long answer is: We take almost anything that has value. Common items that people pawn are: Video, Audio, Musical Equipment, Instruments, Smart Phones, Tablets, Motorcycles, Cars, Bikes, Jewelry, Diamonds, Watches, 3D printers, Firearms, Gun safes, Power tools, Video Games, DVD’s, Computers, Memorabilia, Collectibles, Antiques, Landscaping Equipment, Slot Machines, Furniture, Sports Gear, Rare Coins, Gold Coins, Collectible Foreign Currency, Collectible Signs, even taxidermied wall mounted animal heads. If you have it, we just might take it!
How Long Do I have to Pay the Loan Back?
Subject to individual state laws, a typical pawn loan may have a term length of 30 days plus a 30 day grace period. If you cannot pay back your pawn loan in full, including any applicable grace period, extensions/renewals (where permitted by state law) are permitted to give you extra time which can be extended out for as long as you need it, even up to 12 months or more.
You may also choose to surrender your collateral (pawned item) as payment in full at any time.
Pawn shops main goal on a loan is to generate income based on the interest, not to procure your items. They are happy to work with you as much as possible to make your pawn loan a mutually beneficial transaction.
How do I get my stuff back?
When you are ready to end the loan and take your property back, you simply need to pay back the principle of the loan as well as any remaining past due interest. At that time, you will be given back your merchandise in the same condition that you pawned it in. At First Pawn Jewelry and Loan we take pride in our business and treat your belongings as if they were our own – with respect and care.
What happens if the pawn loan is not paid back?
We at First Pawn make every attempt to get your items back to you. The beauty of a pawn loan, is that if you end up not being able to pay back on the loan, nothing happens to you. There is no strike on your credit. No collector is going to come to your door. We simply take the collateral that the loan was based on and pass your goods on to a new home.