Get a Pawn Loan in Ocala, Florida
Fast Cash & No Hassle!

Pawning 101: Your Quick Loan Solution

At Shores Pawn & Jewelry, your local pawn shop based in Ocala, Florida, we understand that financial situations can be unpredictable, and sometimes you need a quick and reliable solution to meet your immediate cash needs.  That’s where pawn loans come in handy.  Pawn shops offer a secure and straightforward way to get the funds you need without the hassle of credit checks or lengthy paperwork.

interior of a pawn shop large sign saying Pawn Loans man and woman

Understanding How Pawn Loans Work

A pawn loan, also known as a collateral loan, is a short-term, asset-based loan where you can borrow money against the value of your personal items.  Instead of relying on your credit history, the loan is secured by the item you bring in as collateral.  These items could be anything from gold jewelry and luxury watches to electronics, musical instruments, firearms, and more.

The Convenience of Pawn Loans

One of the main advantages of pawn loans is the convenience they offer.  When you find yourself in need of cash, simply bring in an item of value to our pawn shop, and a Pawnbroker will assess its worth.  This process is quick and efficient, allowing you to get the cash you need on the spot.

Quick Access to Cash

Sometimes, financial emergencies can’t wait.  With pawn loans, you don’t have to endure lengthy approval processes or paperwork.  Once the assessment is complete, we will offer you a loan amount based on the item’s value, and if you agree to the terms, you can walk out with cash in hand the same day.

Accepted Pawn Loan Items

We accept a wide array of valuable items as collateral for pawn loans, turning your possessions into a pathway to quick cash.  From exquisite jewelry pieces adorned with precious gemstones to the latest electronics, we welcome an assortment of items that hold substantial market value.  Experience the ease and convenience of pawn loans with us, where items around your house can become powerful resources.

Navigating the Pawn Loan Process

Pawn loans are a structured and secure process that enables customers to obtain fast cash by leveraging their valuable items as collateral.  When a customer visits a pawn shop with an item they wish to pawn, the pawnbroker will meticulously evaluate the item’s condition, authenticity, and market value.  This assessment is crucial in determining the loan amount he can offer.  Once the assessment is complete and the loan terms are agreed upon, a pawn ticket is issued, outlining the loan amount, finance charge, maturity date, and other pertinent details.  A person must be 18 years old to pawn or sell to a pawn shop.  Regarding firearms, a person must be 18 to sell a firearm and 21 years old to pawn a firearm.

The item is then securely stored in our designated storage area throughout the loan term.  We strictly adhere to all applicable laws and regulations, maintaining the utmost security and confidentiality of our customers’ collateral.

During the loan term, customers have the option to redeem their items by repaying the principal loan amount, plus the accrued finance charges, on or before the maturity date.  If a customer is unable to redeem the item within the designated time frame, they can choose to extend the loan by paying the finance charges, effectively renewing the pawn loan.

In the event that a customer decides not to redeem the item or cannot extend the loan, the collateral item may be sold in our store.  Our goal is to maximize the value of the item while ensuring fair and transparent sales practices.


Find Something

Need to know what is valuable? Check our list of what you can bring.


Bring it to Us

Bring your item to Shores Pawn & Jewelry. There's no obligation to sell or pawn what you bring. Don't forget you'll need a valid ID and you must be 18 years old.


Get Cash

We'll assess the items and make you an cash offer. You can sell the items or get a pawn loan.


Pay off the Loan

You have 30 days to make a payment or to get your items back. We accept cash, debit cards and credit cards.

Frequently Asked Questions

At our local pawn shop, we have received many questions from our customers about our services over the years.  Here are some of our most frequently asked questions about pawn loans, and we hope they’ll answer some of yours.  If you have further questions, contact us today.

The loan amount for a pawn loan is primarily determined by the assessed value of the item you bring in as collateral.  Experienced pawnbrokers assess the item’s condition, market demand, and current resale value to arrive at a fair and competitive loan offer.  The assessment process ensures that you receive the maximum loan amount possible based on the item’s worth.

It’s essential to note that the loan amount will typically be a percentage of the item’s assessed value, and this percentage may vary depending on local regulations and the policies of the pawn shop. We take care to provide transparent and trustworthy assessments, ensuring that you receive an accurate evaluation of your item’s value and, in turn, the most favorable loan offer for your financial needs.

Yes, you have the option to redeem your pawned item before the loan term ends.  Most pawn shops understand that circumstances may change, and you may want to retrieve your item as soon as you are ready to do so.  To redeem your item, you will need to visit the pawn shop and pay the total amount owed on the loan, including the principal loan amount, accrued finance charges, and any applicable fees.

By redeeming your item early, you can reclaim ownership and possession of your valuable item without any further obligations.  We take care to offer flexible solutions to our customers, allowing you to regain control of your collateral whenever you are prepared to complete the loan repayment.

If you decide not to, or are not able to, redeem your pawned item before the loan term ends, you have the option to forfeit the item.  Choosing not to redeem the item means you won’t need to repay the loan, and there are no additional obligations on your part.  The pawn shop will retain ownership of the item, and it will be used as collateral to recoup the loan amount.

It’s important to remember that forfeiting your item does not have any adverse impact on your credit score or financial history, since pawn loans are collateral-based and don’t involve credit checks.

Absolutely, the safety and security of your items are of utmost importance to us at Shores Pawn & Jewelry.  We take extensive measures to ensure that all pawned items are kept in a secure and monitored environment throughout the entire loan term.

Once you entrust your item as collateral for a pawn loan, it is stored in a designated and secure area of our pawn shop.  Our premises are equipped with security systems, including surveillance cameras, and alarms, to safeguard your items from any potential risks.

Additionally, our team of trained professionals handles stores all pawned items with the utmost care and responsibility.  We maintain a detailed inventory system to track each item, ensuring its proper storage and retrieval when needed.

Yes, absolutely! You have the flexibility to pawn more than one item at a time.  Whether you have multiple valuable items that you’d like to use as collateral for pawn loans or you’re looking to access cash for different financial needs, we welcome you to bring in multiple items for evaluation.

The pawnbrokers will assess the value of each item separately, considering factors such as market demand, condition, and authenticity.  Based on the individual assessments, we will provide you with fair and competitive loan offers for each item.

Pawning multiple items at once can be a convenient way to secure the funds you require while retaining ownership of your valuable possessions.  It also gives you the advantage of accessing cash for various expenses without needing to apply for separate loans.

Sometimes life can throw unexpected curveballs, making it difficult to redeem your pawn loan within the 30-day loan period.  That’s where pawn loan renewal comes into play, offering you a second chance to extend the loan and regain control of your valuable items.  When your pawn loan term is nearing its end, you have the option to renew the loan by paying the finance charges due.  This payment process provides you with additional time to gather the necessary funds for redeeming your collateral.

To initiate the pawn loan renewal process, simply visit our shop or give us a call to make a payment on your pawn.  They will walk you through the renewal procedure and clearly explain the updated terms and maturity date.  Our goal is to make the renewal process as smooth and convenient as possible, so you can focus on getting your finances back on track.

It’s essential to remember that pawn loan renewal is not always the best option for everyone.  While it provides additional time, it also comes with additional costs since the pawn will continue to accrue additional finance charges.  Before deciding on renewal, take some time to assess your financial situation and consider your ability to redeem the loan in the renewed period.