Pawn Financing to Secure An Apache Junction Business Loan

Using Pawn Financing to Secure An Apache Junction Business Loans

Using Pawn Financing to Secure An Business Loans

Getting a non-traditional financing loan for your business will help your get the money for your business fast.

Apache Junction, Arizona

Starting a new business in Apache Junction can be an exciting prospect, and it can lead to financial independence and a great sense of personal empowerment. However, getting the financing to start a business can be quite difficult. Many avenues are available for financing, such as banks, investors and other lending institutions, but getting the financing you need could prove difficult.

Turning your attention to non-traditional financing options can help you get the money you need to start your business. Getting a pawn loan is one option that you might overlook but that could be the solution you need. Here are a few reasons why a pawn shop might be the best place to look for the money you need to start your new business:

No Need for Collateral

Traditional lending institutions require collateral for a business loan. Collateral most often includes items like a house, expensive car or savings. However, you may not have collateral like this to put up, or you may not want to risk these items by offering them as security against the loan. You don’t need that kind of collateral for a pawn loan. You can just offer up items that you no longer need or that have a lower value. Things like computers, appliances, and electronics may not be suitable collateral for a traditional loan, but they can collectively help you raise enough money through pawn loans.

Lower Rates

You may be surprised to learn that a pawn shop will offer you lower rates than what you would likely get at a traditional lending institution. The lower rates will make the loan more affordable and, therefore, more accessible. The loan won’t be as much of a burden to pay off while you are struggling to turn profits at your new business. Unlike with venture capitalists, you also won’t have to pay out a big portion of your profits. You’ll get the money you need and keep the yields for yourself.

More Attainable

When you apply for a traditional business loan, you will need sterling credit. However, anyone can get a pawn loan, regardless of your credit history or business experience. All you need are possessions to pawn. Then you get the money you need, which you can funnel into your new business. You don’t even have to take the loan to get the money. You can simply sell your items at the pawn shop to get the cash.

You don’t have to let financing be an impediment to opening your own business in Arizona. Pawn Now offers low-rate pawn loans on everything from electronics to aircraft. We have written loans ranging from $2 to $1 million. In about 10 minutes, you can pawn your belongings and get the money you need. Of course, if you don’t want the loan, you can sell the items for immediate cash. We have a large facility, so we can accommodate any items you wish to pawn. Everything you pawn is safe and secure.