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New Breed of Pawn Shops Fills Business Lending Void

By   /   October 30, 2013  /   No Comments

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 owners who have to meet payroll or inventory demand.”

 

Read More at: Money News

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  • Published: 2204 days ago on October 30, 2013
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  • Last Modified: October 30, 2013 @ 7:46 pm
  • Filed Under: Pawn News

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