Meet Jordan Tabach-Bank of Beverly Loan Company
Today we’d like to introduce you to Jordan Tabach-Bank.
Thanks for sharing your story with us Jordan. So, let’s start at the beginning and we can move on from there.
I am a third-generation pawnbroker; in 1938 my grandfather, Louis Zimmelman founded Beverly Loan Company the first of three high-end financial institutions I oversee. Along with my partners, I also own New York Loan Company in New York City and Chicago Loan Company in downtown Chicago, which collectively constitute “The Loan Companies”.
A fourth business is Jewelry-N-Loan in Costa Mesa, CA (Orange County), a more traditional pawn shop catering to retail clients. We employ GIA-certified staff members and specialists in the field, who have the highest degree of proficiency and expertise. Beverly Loan specializes in high-end luxury brands like Cartier, Van Cleef & Arpels, Tiffany & Co., Harry Winston, Rolex, Patek Philippe, and Audemars Piguet.
Our business continues to expand, and I feel extremely lucky that I have had the opportunity to work my way from the ground up, learning every facet of the pawn industry. I started off as a gopher and grew into a sales position, eventually becoming a loan officer after graduating college. I really believe that I learned from the best in the industry and I was fortunate to have an extremely solid foundation upon which to build.
As CEO, I am responsible for every facet of the company. The buck stops here. While I run rather low volume shops, the average loan amount is significant and the collateral is often complicated. When a Warhol painting or fancy pink diamond comes in, my immediate attention is required.
Has it been a smooth road?
Despite our multiple locations in different time zones, our offices are extremely collaborative. We have created a business with superior customer service and confidentiality – something not many businesses in the industry can boast. No matter the customer who walks in, no matter the collateral, we treat every loan, every sale and every purchase with the utmost professionalism, and we never name names!
As an absentee owner to some extent, I have faced my fair share of growing pains, but by now we are a well-oiled machine with many frequent flier miles. Our proficiency in operating from a great distance has also allowed us to service and attract customers on a national level.
So, as you know, we’re impressed with Beverly Loan Company – tell our readers more, for example what you’re most proud of as a company and what sets you apart from others.
Many shops lend against diamonds, gold jewelry and fine watches, but not many hire GIA-trained graduate gemologists who have the expertise to authenticate and value even the most complicated collateral. Outside of the more traditional collateral areas, we also have a dedicated team of fine art specialists to evaluate artwork for loans and an expert to assess auction-worthy handbags, including Hermès Birkins and Kellys. This is highly unusual in our industry, but our willingness to accept fine art and other luxury goods has proven very popular with our clients.
We are entrepreneurial, quick to act and exceedingly discreet. No matter the customer who walks in, no matter the collateral, we treat every loan, every sale and every purchase with the utmost professionalism. I am very proud of my team, and while I may be a bit biased, I would put them up against any other pawn staff in the country.
Let’s touch on your thoughts about our city – what do you like the most and least?
Beverly Loan has been heralded as “The Pawn Shop to the Stars,” and such a moniker could only be possible in the unique, glamorous, and magnetic city of Los Angeles. We love the energy and possibility of the city, and our clients not only bring in interesting and rare collateral, but they also share their fascinating stories. Plus, I can’t complain about the sunny Los Angeles weather!