Category : Featured Press

If you like fast-paced trivia games, you are in for a treat.  CEO of Beverly Loan Company and New York Loan Company, Jordan Tabach-Bank, appears on the newest episode of the popular Apple iPad application Braindex, which lets players go head to head with celebrities, answering trivia questions dealing with history, prop culture, science and a [...]

Beverly Loan Company is a high-end pawn shop three floors above the Bank of America branch on Santa Monica Boulevard. CEO Jordan Tabach-Bank’s grandfather started the company 75 years ago.

By: Charles Passy With holiday bills starting to come due, even some affluent Americans may be looking for a source of quick cash. But these days, the wealthy are increasingly likely to be wooed by lenders from a place outside the traditional financial realm—the local pawnshop. In recent years, the pawn industry, once saddled with [...]

By Jeff Tyler Marketplace  As the economy has suffered, one business model has thrived: the pawn shop. In fact, this may be the golden age of pawn.  The number of pawn businesses has increased by half in the last five years to around 10,000 shops. And over that same time, the average pawn loan has [...]

As retailers like Tiffany & Co., Saks Inc., Best Buy Co. and Wal-Mart Stores Inc. vie for last-minute holiday sales, customers are being drawn away by a growing crop of competitors: pawn shops.

Beverly Loan Company, the foremost collateral lender in Beverly Hills, is sponsoring Jamie Gold, the renowned 2006 World Series of Poker $10,000 No Limit Hold’em Champion, who defeated a field of 8,772 players and took home a record breaking $12 Million. 
 Gold is a close personal friend of Jordan Tabach-Bank, Beverly Loan’s owner and [...]

Pawn Shop To the Stars owner featured in high stakes bidding television series FINAL OFFER Jordan Tabach-Bank, CEO of Beverly Loan Company, is one of four rival dealers featured in a new television series presented by Discovery Channel. The show, FINAL OFFER, which is a new twist on the pawn/auction genre, premieres Thursday, May 31 [...]

by Michael Schneider Source: TVGuide.com Discovery Channel is putting a new spin on the popular pawn/auction genre. The cable network has picked up the series Final Offer, which pits four experienced dealers from the world of art and antiques against each other. Final Offer, which premieres Thursday, May 31 at 10/9c, centers on rival dealers [...]

By Leslie Gevirtz Some U.S. pawnbrokers are taking liquid assets – literally. Along with family jewels and fine art they will accept wines as collateral for loans to help ease cash shortages of businesses and people on all rungs of the economic ladder. “You’d be amazed by how many wealthy individuals have terrible credit ratings,” [...]

The chief executive of Beverly Loan Co. says more affluent people than ever need cash this holiday season, although most customers he gives loans to reclaim their expensive jewelry and other items.

By Robert Frank The rich have always faced periodic “liquidity shortfalls,” where they have plenty of assets but not enough cash. Yet apparently, those shortfalls are becoming more common in the bad economy. And the cash-poor rich are fueling a continued rise in high-end pawn shops. According to an article in the South Florida Sun-Sentinel, [...]

Sept. 29 (Bloomberg) — Jordan Tabach-Bank, chief executive officer of Beverly Loan Co., talks about his pawnshop that caters to people who sell Cartier watches, Harley-Davidson motorcycles and award statuettes and plans to open a location in New York City. Tabach-Bank speaks with Scarlet Fu on Bloomberg Television’s “InBusiness With Margaret Brennan.” (Source: Bloomberg) Watch [...]

Beverly Loan Company contributed fantastic items for appraisal on NBC’s hit TV show “It’s Worth What?” Alan Friedman Yellow Diamond Skull Pendant and Chain Designed by Alan Friedman, this 18-carat yellow gold skull and chain is 24″ long and has 920 natural fancy yellow diamonds totaling over nine carats. There are also 28 tapered baguettes [...]

via CNN.com LIVE February 2009 LOS ANGELES, California (CNN) — The Lamborghinis and Bentleys still cruise Rodeo Drive in Beverly Hills.  But these days, visitors to California’s most famous ZIP code are more likely to take note of the empty storefronts and deep-discount signs. Call it recession, 90210 style. Fewer sales have meant fewer tax [...]

via CNN.com Transcripts WorldView Aired April 9, 2000 – 8:26 p.m. ET ANDRIA HALL, CNN ANCHOR: Finally, when you think of pawn shops, the exclusive California community of Beverly Hills isn’t likely to spring to mind. But nearly every U.S. city and town has one. CNN’s Jennifer Auther introduces us to one particular shop which [...]

via the Los Angeles Times The stores are seeing a rise in customers as more financially strapped people seek quick loans. By David PiersonDecember 25, 2008 in print edition C-1Not far away on Santa Monica Boulevard is Beverly Loan Co. – a pawnshop the same way a Bugatti Veyron is a car. The 70-year-old business, [...]

via the Los Angeles Times At the Beverly Loan Co., those in need of quick cash can discreetly hock that Rolex watch, even Grandma’s pearls — as long as they’re real. By Monica Corcoran, Los Angeles Times Staff WriterOctober 12, 2008 IN certain ZIP Codes, hocking a pair of Tiffany diamond studs is as hush-hush [...]

via the New York Times By CHARLIE LeDUFF (NYT) BEVERLY HILLS, Calif., Feb. 17, 2003 — Some may not realize that in these murky and difficult days, the rich and the artificially beautiful are suffering, too. Take the case of one Beverly Hills socialite. She has no money, because her soon-to-be-ex-husband controls their investment portfolio [...]

via the New York Times By CALVIN SIMSPublished: October 26, 1992 The chic boutiques and high-priced department stores here may be emptier today than they have been in the past, but at least one business is thriving in this stubborn recession: the Beverly Loan Company. It is perhaps this city’s best-known pawnshop, at least to [...]

via eHow By Sylvia Cochran, eHow Contributor Instructions Things You’ll Need:Jewelry to sell 1. Visit the website for the Bay Area Jewelry Buyers. If you have gold or platinum jewelry, diamonds, a high-end watch or designer jewelry, this jewelry buying business is prepared to make you a quick cash offer. Simply call or email the [...]

via the New York Times By Alex WitchelPublished: August 20, 2000 Whenever something bad happened, my great-grandmother’s philosophy was that things could be worse. ”If you walked into a room and saw everyone else’s troubles up on the wall,” she would say, ”you would still go straight to your own.” She obviously never knew about [...]

via the Wall Street Journal BUSINESS DECEMBER 30, 2008, 9:43 A.M. ET Well-to-Do Turn to Last-Resort Lenders; Putting Up Diamonds, Dumpsters as Collateral PHILADELPHIA — At Society Hill Loan, a pawnshop in a middle-class neighborhood here, a steady rain fell outside as a fashionably dressed young man parked his Cadillac Escalade outside. Looking around warily, [...]

via ESPN: The Magazine When athletes can’t keep up with their luxe lifestyle, they know where to go for a loan By Shaun AssaelESPN The MagazineArchive This story appears in the May 2, 2011 issue of ESPN The Magazine. BROCK WILLIAMS ISN’T HAPPY to hear from me. I’ve tracked down the obscure former Patriots cornerback [...]

via Forbes.com 12.14.08, 07:17 PM EST Americans rich and poor pawn more to pay billsBy Sue Zeidler and Tim Gaynor BEVERLY HILLS, Calif./PHOENIX (Reuters) – Whether it’s a Tiffany (nyse: TIF – news – people ) diamond or a three-year-old lawnmower, more and more Americans from all social classes are pawning their possessions to make [...]

via New York Post By Michael JanofskyNov. 7 (Bloomberg) — The worse the economy gets, the better it is for Jordan Tabach-Bank.  ”Business is booming,” said Tabach-Bank, the chief executive officer of Beverly Loan Co. in Beverly Hills, California. Beverly Loan is a pawnshop. Not just any pawnshop, but the kind that caters to people [...]

via NPR by Debra BaerMorning Edition, November 27, 2008 Befitting a town where image is everything, the Beverly Loan Co. is tucked away on the third floor of the Bank of America building in Beverly Hills, a block east of Rodeo Drive. It’s an upscale pawn shop in one of the nation’s priciest ZIP codes, [...]

via AARP Bulletin Today By: Caroline E. Mayer | Source: From the AARP Bulletin print edition | May 1, 2009 Pawnshops used to be the bank of last resort, says Jordan Tabach-Bank, head of the Beverly Loan Co. “Nowadays, we’re the bank of only resort. People come to us because—where else are they going to [...]

The Beverly Loan Company caters to an exclusive clientele, who pawn everything from Rolexes to Picassos. How’s business? Our business as a whole is up at least 20%. Pawns – we prefer to call them collateral loans, when clients leave a piece of property – are way up. people need the money. Has the stature [...]

via People Magazine Jean Zimmelman runs the Beverly Loan Co., an haute hock shop for celebs whose cash isn’t flowing. The pawn shop has valet parking. It boasts a Hockney, a Chagall, a Picasso-and an hourglass filled with diamonds. This is Beverly Hills, after all-the Beverly Loan Co., to be specific, the place many a [...]

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via SmartMoney With more middle-class borrowers looking for cash, pawnbrokers are cleaning up their image. By ANNE KADET When Jim De Lisa’s chain of six furniture stores went belly-up midrecession, the New Jersey father of five found himself in a fix. He was suddenly unemployed and broke, and his credit score, he says, was “in the [...]

via Beverly Hills Patch The price of gold is high so now’s the time to sell that gold at the bottom of your jewelry box.                                                By Sharon Cotal | April 28, 2011 With the price of gold skyrocketing and the economy tanking, many people are looking through their jewelry boxes for items to trade [...]

via CBS Evening News LOS ANGELES, Dec. 4, 2008 | by Ben Tracy (CBS) Forget Rodeo Drive. In this economy, the rich and famous have a new destination: the collateral lender, reports CBS News correspondent Ben Tracy. “At the end of the day that’s a fancy term for a pawn shop,” said Jordan Tabach-Bank, the [...]

via Yahoo News Jordan Tabach-Bank, CEO of Beverly Loan Company, displays some of the valuables his clients have left in his upscale Beverly Hills, California pawn shop December 10, 2008. Pawn shop owners see strong business across the country, even in as unexpected locales like Beverly Hills, the mecca of luxurious living and shopping.

by Patricia Towle An actor tried to pawn his Oscar… a princess traded her crown jewels for quick money… an aging starlet needed a loan for plastic surgery. And they all stopped in at the swank Beverly Loan Company – the creme-de-la-creme of pawn shops discreetly tucked away on the third floor of an elite [...]

Jean Zimmelman is the owner of the Beverly Loan Company, a high-end pawn shop in Los Angeles. In February of 2002, she told the New York Times the store of the time she gave an actress a $10,000 loan in exchange for a bra that was encrusted with diamonds and rubies. Who was the actress? [...]

via Telegraph.co.uk Cash-strapped Americans in even the country’s ritziest enclaves are heading to pawn shops for credit amid the economic crisis and lending squeeze. By Catherine Elsworth in Los AngelesLast Updated: 11:32AM GMT 16 Dec 2008 In Beverly Hills, one of the nation’s glitziest post codes, so-called “collateral lenders” report an influx of well-to-do customers [...]

via Seuddeutsche.de Pfandleihhaus der Stars Eine Rolex für die nächste Schönheits-OP 14.08.2009, 16:41 Interview: Claudia Fromme Auch bei den Promis fordert die Wirtschaftskrise ihren Tribut. Ein Anruf bei einem Pfandleiher aus Beverly Hills, dem Stars ihre Diamanten bringen. Es geht bergab in Beverly Hills, dem Hort der sehr Schönen und sehr Reichen. Die Fassade glitzert weiter, [...]

via U.S. News December 18, 2008 04:00 PM ET |  Kimberly Castro Pawnshops—loan companies that take items as collateral—have always gotten a bad rap. This stereotypical image often comes to mind: A seedy store stuffed with broken belongings in an unsafe area of town often catering to derelicts and criminals. But with the credit crunch, [...]

by Sue Cameron Low-profile and tucked away behind smoked-glass doors and security guards, the Beverly Loan Company is the place Angelenos go when they need a buck or two quickly and quietly. Through these doors have waltzed movie stars (in between contracts), hotshot producers (desperate for a quick $15,000 to option that can’t-miss script), and [...]

by Elaine Lipworth It’s hard to imagine Julia Roberts sneaking into a pawn shop to borrow a few thousand bucks in exchange for a diamond necklace. But Beverly Hills pawnbrokers Jean Zimmelman says even A-list stars can have cash flow problems… “Even stars can have a temporary cash crunch. What can I tell you? We [...]

by Michael Aushenker Erté art deco statues. Lalique crystal. Original Chagalls, Picassos, Rauschenbergs. Not the items normally associated with a pawn shop. But at Beverly Loan Company, you won’t find any used tennis rackets and acoustic guitars with broken strings. That’s because this pawn shop is located in Beverly Hills, where it is the city’s [...]

via Angeleno by Amandy Gordon Want proof that the recession is finally affecting the rich too? The high-end Beverly Loan Company pawn shop is currently granting twice as many $50,000-and-up loans in exchange for luxury goods as it was just six months ago. “Never before have we seen so many white-collar customers in need of [...]

 via Los Angeles Business Journal Monday, April 9 2001 WHILE the term “pawnshop” may conjure up images of seedy characters dumping their latest “acquisitions,” that’s not what the Beverly Loan Co. is all about. The Beverly Hills pawnshop has been giving collateral loans to many of Los Angeles’ rich and famous for more than half [...]

via Daily Candy August 15, 2002 We all make mistakes. Diamond-horseshoe necklace? Plastic-strap tank tops? Not your finest retail moments. Unfortunately, the higher you climb up the fashion food chain, the more dramatic the missteps, the more costly the spending sprees, and — here’s the clincher — the more difficult it is to undo the [...]

via theage.com.au March 30 2003 When the rich and famous are a bit short, they see their broker — pawnbroker, that is. Charlie LeDuff reports. Some may not realise that in these murky and difficult days, the rich and the artificially beautiful are suffering too. Take the case of one Beverly Hills socialite. She has [...]

via Sunday Mirror by Words: Elaine Lipworth Even stars can have a temporary cash crunch. What can I tell you? We deal with people who shop too much,’ says Jean. ‘Diamonds are definitely a girl’s best friend – until the credit card bill comes. And the guys want a new expensive car and can’t be [...]

by Mark Hunter You might think that Beverly Hills is not the place to look for a pawn shop, but you would be wrong. Even residents of this poshest of communities require brokers who will turn possessions into cash immediately – and discreetly. Foremost among these money sources is the Beverly Loan Company, one of [...]