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LOCATION & INDUSTRIES

Your Guide to Business Loans for Pawn Shops

  • Apply in under 2 minutes
  • Get funds as fast as 24 hours
  • Applying won’t impact your credit score
By Erin Ryan Social Community Manager, Senior Writer and Editor at Fast Capital 360 Reviewed By Mike Lucas
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Loan Overview

  • Coins stacked on table with blue arrow pointing up
    Loan Amount Up to $500,000
  • Calendar image appearing as though the page is being flipped
    Estimated Repayment Terms 1-5 Years
  • Speedometer icon
    Interest Rate Starting at 7%
  • Dollar sign in circle
    Speed of Funding As fast as 1 day

In the world of loans, pawn stores give those who need cash access to it in exchange for goods. It’s no surprise then that these small businesses need to have a large amount of capital to be able to function properly.

Sometimes, though, pawn shop owners run into an issue where too much of their funds are tied up in physical items, and they’re unable to cover operating expenses comfortably. When this happens, business loans for pawn shops can provide access to more working capital.


Where to Find Financing and Business Loans for Pawn Shops

When you’re thinking of getting a business loan for your pawn shop, you might first look to credit unions and conventional banks. While they’re typically known for offering competitive interest rates and terms, they aren’t the only game in town. This is particularly true if you’re looking for fast access to cash, a financing feature lacking from many banking institutions.

Do you need a loan for your small business?

A contrast to conventional lending institutions are alternative non-bank lenders. Many borrowers apply with alternative lenders because they want to cut through the paperwork and get their financing approved quickly.

Because these lenders often take on riskier loans, their financing often comes with shorter repayment terms and less competitive interest rates. More frequent repayment installments are also common.

That said, many shop owners have found that some of the best financing for them is available online, including flexible business line of credits, working capital loans and more.

At Fast Capital 360, our funding approach is different from that of the big banks.

Fast Capital 360 FundingConventional Bank Loans
2-minute online applicationExtensive paperwork and identity checks
Shorter repayment termsLonger repayment terms
No collateral requiredCan require collateral
Receive your funding in 1 business dayCan take months to process your loan

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Why Choose Fast Capital 360 for Your Pawn Shop Business Financing?

Fast Capital 360 works with business owners to find them the right funding options at the right time. Even if a pawn store owner needs an unsecured business loan for bad credit, we can help.

We’ve proudly funded thousands of businesses across the U.S., and they’ve responded by voting us No. 1 on CrowdReviews.com for merchant cash advances. We’ve also earned a 5-star rating from Trustpilot.

By providing fast funding for working capital to pawn store owners, we’ve become a trusted resource in the industry. Instead of requiring that business owners pledge personal assets, the majority of our funding options are unsecured.

Additionally, as a member of the Responsible Business Lending Coalition, we ensure that all of our contracts and agreements are written in a clear and understandable manner so you aren’t surprised by your payment and terms.

As a small business owner, your time is extremely valuable. Our application process takes the average user a couple of minutes to complete. Once your application is approved, you can receive funds in as little as 1 business day. That means it’s possible for you to go from application to cash in 24 hours.

To learn more about financing and business loans for your pawn shop, call us today at (866) 380-0603 or contact us online.

Estimate terms for every type of financing

Loan qualifications

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    Time in Business 1+ Year
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    Annual Revenue $200,000+
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    Credit Score 560+

Loan qualifications

  • icon
    Time in Business 1+ Year
  • icon
    Annual Revenue $200,000+
  • icon
    Credit Score 600+

Loan qualifications

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    Time in Business 1+ Year
  • icon
    Annual Revenue $75,000+
  • icon
    Credit Score 540+

Loan qualifications

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    Time in Business 2+ Years
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    Annual Revenue $160,000+
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    Credit Score 620+

Loan qualifications

  • icon
    Time in Business 1+ Year
  • icon
    Annual Revenue $150,000+
  • icon
    Credit Score 600+

Loan qualifications

  • icon
    Time in Business 4+ Months
  • icon
    Annual Revenue $100,000+
  • icon
    Credit Score 500+

Loan qualifications

  • icon
    Time in Business 2+ Years
  • icon
    Annual Revenue $50,000+
  • icon
    Credit Score 650+

Loan qualifications

  • icon
    Time in Business 1+ Years
  • icon
    Annual Revenue $75,000+
  • icon
    Credit Score 540+

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      How much do you need?

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            Total Repayment:
            Cost of Loan:
            This is an estimation tool that provides a range of possibilities depending on creditworthiness and terms selected. Terms can be adjusted to increase or decrease your payment. To see all our loan calculators click here.

            How much do you need?

            Estimated Interest Rate

            %

            Loan Term

            Payments

            Total Repayment:
            Cost of Loan:
            This is an estimation tool that provides a range of possibilities depending on creditworthiness and terms selected. Terms can be adjusted to increase or decrease your payment. To see all our loan calculators click here.

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