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In California, the term of a pawn loan is five months.
The largest pawn loan that Tabach-Bank ever made was over one million dollars.
The Company's pawnshops make pawn loans, which typically are small, non-recourse loans collateralized by tangible personal property.
Collateral for its pawn loans consists of tangible personal property, generally jewelery, consumer electronics, tools, sporting goods, and musical instruments.
The rising demand for pawn loans might itself make an investment in a publicly held chain like Cash America Investments Inc., the industry leader, appealing.
A pawn loan offers a simple and unbureaucratic way of overcoming temporary financial difficulties and this appears to be the main purpose for which the service is used.
The company makes pawn loans, which are non recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, tools, sporting goods, and musical instruments.
On the far corner of the intersection she had just crossed was a nondescript storefront with a neon sign in the window reading PAWNS LOANS FINE JEWELRY BOUGHT AND SOLD.