Collateralized Small Business Loans

Skip the Bank

If your business needs a short term infusion of cash, a pawn loan from Kohn’s can be a fast and easy alternative to the headache of a traditional bank loan. We accept a wide variety of items for collateral, from office furniture to construction equipment.

Here’s how it works:

  • Bring in an item of value along with a valid ID.
  • We will work with you to determine a loan amount for the item.
  • Once you sign the contract, we’ll loan you the money and provide you a loan ticket detailing the terms of your loan. We will safely store your item in our vault until you return to pick it up.
  • Return anytime within the loan term to repay the loan amount with interest and pick up your item.
  • If you choose not to pay the loan by the end of the term, you may either extend the loan, or simply leave your item with us. In any case, your credit remains unaffected.
  • If you decide to forfeit your item, we will keep your item for a short grace period as required by law. After the grace period, we sell your item to recover the money we originally loaned.