Featured Press

Category : Featured Press

Online Pawn Lending Goes Back Offline
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Luxury lender, The Loan Companies, comments on the downfall of online collateral lending, as Borro Private Finance withdraws from the pawn industry. Jordan Tabach-Bank, a board member of the National Pawnbrokers Association and CEO of The Loan Companies, a luxury collateral lender that chooses to stay offline, said, “Online loans may seem like the easiest […]

Back to School with LIFT-Los Angeles' Fourth Annual Backpack Drive
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In August, Beverly Loan Company had the opportunity to underwrite LIFT-Los Angeles’s annual Backpack Drive, during which over 200 backpacks filled with school supplies were distributed and educational activities and expert talks were conducted.  We are proud to play a part in helping our local community through partnering with such a beneficial organization.  Read more […]

Warhols for Fast Cash: Why Collectors are Pawning Expensive Art
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It has to be said that being “cash-poor”—meaning you’ve got a lot of assets, but very little wealth in spendable form—is, despite its negative connotations, a position of incredible privilege. Most often you’ll hear about it in relation to celebrities as the reason for a house flip or sale of a beloved Lamborghini. But surprising […]

Meet Jordan Tabach-Bank of Beverly Loan Company
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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 […]

The wealthy are using pawn shops to finance their business ideas
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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. Business owners say the trend points less to financial distress and more to customers eager to seize money-making opportunities. Wealthy people looking to fund new ventures are turning to […]

A Birkin Bag in the Box Is Worth a Lifetime of Debt
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After she lost her job, Angela Rivers found herself in need of some quick cash. Instead of heading to her bank, she delved into her Brooklyn closet. An avid shoe and handbag collector, she took out her cherished chocolate brown Birkin and went across the river to Manhattan, where she had an appointment in the […]

Academy Rules Can’t Stop Pawn Shop Oscar Sales
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On the third floor of a nondescript Beverly Hills office building, past an armed security guard and beyond a glass case full of diamond jewelry, is a gleaming Academy Award. But this trophy wasn’t awarded to any of the staff, or to anyone related to them. This Oscar was pawned. Beverly Loan Co., “the pawnshop […]

Pawn my handbag: How women use designer accessories to raise cash
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When Sophie was short of cash to buy her dream studio apartment in London, she decided to pawn her £8,000 ($10,000) Hermes Birkin handbag that her fiancé got her for their two-year anniversary. “It was the most practical thing to do. I would have unnecessarily paid more interest if I had gone for a higher […]

Male-dominated pawnbroking is actually a great career choice for women
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Traditionally considered a male-dominated field, pawnbroking has changed in recent years. While reality shows like ours have certainly impacted the image of the pawnshop, the influence of women in the industry cannot be overlooked. In honor of Women’s History Month, we wanted to take a look at a few who have personified what it means […]

Comments Off on Pawnbroker to the Stars Predicts a Banner Year for Collateral Lenders
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BEVERLY HILLS, Calif., Jan. 6, 2015 /PRNewswire/ — Jordan Tabach-Bank, CEO of two luxury pawn shops, Beverly Loan Companyand New York Loan Company, anticipates a record-setting year for asset-based lenders focused on high-end items, particularlydiamond jewelry and fine watches. Photo – http://photos.prnewswire.com/prnh/20150105/167057LOGO Photo – http://photos.prnewswire.com/prnh/20150105/167058 “Our business has records dating back to the 1930s and pawn loans have become a mainstream financing option for […]