Small businesses are incredibly important to local economies, but getting one the ground can be an uphill battle, especially when it comes to financing. As you work to get your business funded you are likely looking into various loan and credit options from banks and other financial institutions. Unfortunately, a lot of prospective business owners are not eligible for many of these loans due to a poor credit history or time constraints from pressing financial needs.
However, the services offered by pawn shops in Olathe, KS can help you finance your business and invest in your long-term success. Here’s how.
Pawn shop loans
Loans from pawn shops are secured with tangible collateral, like vehicles or valuable items. Because of the security offered by tangible collateral on pawn shop loans, applicants can get their loan funded in a matter of minutes. Pawn shop loans are designed to be smaller, with a shorter loan term than most bank loans, and that often makes more sense for small business owners who need to cover startup expenses or inventory restocking to get their operation off the ground.
Small business owners use their cars, luxury jewelry or high-end electronics to secure loans that are large enough to cover their expenses. Unlike loans from banks and financial institutions, pawn shop loans are quick, and they don’t require good credit or a spotless financial history. This gives business owners who haven’t been able to rebuild their credit the opportunity to get financing that’s flexible and makes sense for their business needs.
How to get a pawn loan
If you’re interested in getting a loan from a pawn shop in Olathe, KS for your small business, you should first determine what you are going to use as collateral for your loan. You can get a loan secured by your car, or you can secure your loan with a piece of jewelry or electronics. Once you’ve decided what you are going to use as collateral for your loan, you should research local pawn shops and pick one that’s right for you. Look at reviews online to find out what former customers have to say about different pawn shops.
After you’ve selected a local pawn shop, bring your item in and apply for a loan. An associate at the pawn shop can walk you through the application process and provide you with information about the terms of the loan and how much financing you can get based on the value of the item you have. Typically, you can get your loan financed within just a few minutes.
Visit our pawn shop in Olathe, KS
At Harrison Street Pawn, we have been proud to provide exceptional pawn services to our customers for decades. As a full-service pawn shop, you can feel confident that you will receive the highest quality services when you come into our store. If you have any questions about what we have to offer, feel free to give us a call or stop by to see us in person today.