The main business of CB Estrada Pawnshop is to offer short-term credit with interest rates against pledged goods. With jewelry as collateral, we lend money for a set period of time and for a given interest. The amount of loan is dependent on the value of the pledged goods. The beauty of this process is that it is very fast, with no complicated document requirements like you would encounter when applying for a loan from a bank.

For quick cash, CB Estrada Pawnshop is definitely the place to go! We provide free and fair evaluations of our customers’ jewelry based on its current value. They just need to bring in their item to one of our locations and show it to any of our friendly Branch Personnel. After they agree to the price, there will be a little paper work to fill out and they will be paid on the spot. We will hold the item in pawn for the agreed period of time. To reclaim the item, they will just need to pay the money back in full before the maturity period of the pawned item. Additionally, they can choose to renew the loan and pay the required interest in order to keep it in pawn. If they do not want the item back, they don’t need to do anything. Once the pawn period has lapsed, the item will be taken out of pawn and sold in one of our showrooms.

In a nutshell, a pawnshop transaction can be divided into the following simple steps

• A client brings jewelry to be used as collateral for a loan.
• CB Estrada Pawnshop (we) assesses the value of the item and proposes a loan amount.
• If the client is agreeable to the amount, we lend the client the money.
• We then issue a pawn ticket complete with required information
• The client repays the loan after the given period of time and gets the pledged item back.
• In case the client fails to repay the loan, we get to keep the item and sell it