Loans

At Golden State Pawn & Guitars we not only buy and sell vintage and used music gear, but are also a full service Pawn Shop that deals with jewelry, consumer electronics, tools, fishing gear and other items of value. 

If you are in a position where you need some quick cash and don't have access to credit, then a Pawn Shop is usually going to be your next best option. Unlike Payday Lenders and Cash Advance Lenders, Pawn Shop's interest rates are heavily regulated by the state, which in turn protects the consumer from unfavorable loan terms.

How It Works:

If you need cash here is what you do. Get some items together that you think may have value and bring them into our shop. We generally loan on items such as guitars, amplifiers, gold jewelry, diamonds, watches, newer consumer electronics, fishing gear, musical instruments, tools, collectibles, etc. We will then evaluate your item(s) and come to a price on how much we can loan you. Loan amounts are based off of how much your item is worth on the second-hand market. We take into account the age, condition, and comparable prices that similar items have sold for when appraising your item.

Once we both agree on a loan amount, we can start the paper work. All we would need from you is a valid driver's license, state issued I.D. card or a Matricula Consular card. The average time a loan takes from start to finish is about 5 minutes and you are on your way! 

Loan Terms:

California regulates the loan terms for every licensed Pawn Shop doing business within the state. The pawn loan length is 4 months with a 10 day grace period. There is a flat interest rate for the first 3 months and on the 4th month it goes up slightly. After the loan expires at the end of the 4th month, the customer gets a 10 day grace period and a reminder letter is mailed out to their address. If you don't have the full amount to pick up your loan, you have the option on the 4th month and 10 day grace period to pay the interest and roll the loan over for another 4 months. This is the great part about Pawn loans because you don't have to lose your item if it has sentimental value or is of great importance. You may pick your item up at any time you wish within the 4 month loan period and there is no limit on how many times you can borrow against your item. 

Many times people are in a situation where they have to sell an item to get cash. Later on they regret that decision and wish they had their valuables back. With a pawn loan, you don't have to make those tough choices. You get cash AND you get your items back! It's a win-win!