ACE JEWELRY & LOAN (509)582-7936
429 West Entiat Street - Kennewick WA 99336

Loans

 

We lend money to the poor and we lend money to the affluent. Anyone can eventually experience a cash flow shortage. Whether you need money for diapers, cigarettes, a Harley, a Rolex or for stocks--we can lend it to you.

 


Our customer needs money and therefore wants to borrow or sell us their collateral. If the customer borrows they have a 90 day loan with the right/option to repay the loan principal and fees and retrieve their collateral, and/or the opportunity to rewrite the loan for a new 90 days by paying the previous 90 days interest. It's simple. The borrower also has the right to forfeit the property by defaulting on the loan, losing their property, with no negative repercussions beyond the loss of the collateral.  


The stigma of borrowing is long gone, as is the idea that a pawnshop is a dirty dingy place to conduct business. It is difficult to estimate but were I to guess, I would estimate that 200+/- Washington State pawnshops make excess of 1.5 million in loan transactions per year*, lending out an estimated $100,000,000 per year. 

*This information is part interpolation and part guesstimate. Shops do not normally discuss their market share.

I don't know how many loans Washington State banks make each year, but I do know unequivocally that we are easier to use, faster, more responsive, and accommodating, and we require zero financial info from you. Additionally we are nice to kids, & have a sense of humor.

We Buy
I would guess that, most if not all shops turn down a high percentage of items offered for sale or for a loan, we do. Statistically for any number of reasons we turn down (or refer to other shops), nearly as many transactions as we actually make. 

We Sell
consequently, we are usually pretty much assured that the product we have for sale is in good working order. While we stress the making of loans and de-emphasize purchasing; about fifteen percent of the transactions we make eventually make it to the sales floor.

Best efforts are made to make these items available to the public at attractive prices. While we prefer to make loans, sales are welcome.  

What We Often Take As Collateral

The following are sample items used as collateral to borrow against, and consequently often available for sale at the Ace Jewelry & Loan

Gold

Rolexes

Electronics

Diamonds

Cartier’s

Speakers

Original Artwork

Cars

Four Wheelers

Guns

Camera’s

Dirt Bikes

Antiques

Laptops

Flat Screen Televisions

Acoustic Guitars

Generators

Compressors

Electric Guitars

Hand Tools

DVD’s

Amplifiers

Electric Tools

Pressure Washers

Bangles

Pneumatic Tools

Coins

Bracelets

Rings

Glassware

Bikes

Saws

Collectibles

Gaming Systems

Saddles

and much, much, more …