Here at Pawn Inc. we are able to lend on a broad range of collateral, ranging from firearms, jewelry, and musical instruments, to consumer electronics, tools, and recreational equipment such as motorcycles and snowmobiles. In collateral-based lending, a customer is lent money based on a percentage of the fair value of the item being put up for collateral. The customer then has a given time period to repay the loan plus interest to retake possession of the collateral. If the customer does not repay the loan and interest within that time period, the collateral becomes the property of the pawn business and typically is sold in the shop’s retail showroom at a fair price. In some cases, customers will sell goods outright, not intending to reacquire it after the loan period. 

Pawn Inc also sells a variety of goods on a retail basis, both merchandise acquired through the collateral-lending operation and wholesale goods bought on the open market for retail. Typical goods found in our pawnshop include consumer electronics such as televisions and stereo equipment, gaming consoles, and software such as DVD movies, Blurays and games. Also common are tools, firearms, musical instruments and equipment, jewelry, and sporting goods. We also occasionally sell recreational equipment such as motorcycles, snowmobiles, ATVs, and small boats.