If you are thinking about pursuing a dream to start your own business or start a new business venture, you need passion, planning, patience and most importantly money! Today, many people who are looking to fund new business ventures are turning to reputable pawn shops to obtain the funds they need through collateral loans.
An article on the finance page of CNBC.com explains, “Wealthy people looking to fund new ventures are turning to their Rolexes and art collections as collateral for quick and easy loans from high-end pawn shops.” Savvy investors and business enthusiasts are using their valuable possessions to obtain the capital to purchase property, open new businesses or invest more in their own businesses.
The assumption that all people who borrow money from pawn shops are down on their luck or in financial distress is simply untrue. The pawn shop industry is seeing an increasing number of customers who obtain collateral loans to grow their businesses or invest in a new endeavor. These customers are eager to seize money-making opportunities that sometimes require immediate action and they can quickly secure the funds to do so at a reputable pawn shop. Most banks and financial institutions cannot provide loans in a short period of time. The CNBC article adds, “Many pawn shop owners agree that these luxury goods-backed loans are growing points less to the financial distress associated with pawn shops and more to seize lucrative business opportunities.” The overall trend for high-end pawnbrokers today appears to be entrepreneurs needing large amounts of capital quickly.
A reputable pawn shop can also be the answer to the small business owner that needs some extra cash to grow their business or a small startup company that is trying to get established. Business loans can take time to get approved and they are often denied to companies that are just starting out. A collateral loan is paid out immediately so clients can get started on their new ventures right away.
Gold Coast Jewelry & Pawn is a professional and highly reputable business that offers collateral loans. They adhere to all New York state guidelines for collateral lending and offer competitive interest rates. If you have an item of value, you can use it as security (or collateral) to obtain a short-term, immediate cash loan.
If you are looking for extra funds to support a new business venture or to invest in your own business, stop into Gold Coast. Their professional staff can appraise your item and authenticate its validity and once an amount is established, you will be paid cash immediately. You can choose to either sell the item outright or pay back a collateral loan in the future.
Gold Coast Jewelry and Pawn offers professional and reputable service for collateral loans as well as high quality and affordable items for sale including designer jewelry, luxury watches, antiques and many other eclectic items. Visit their showroom today.
