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Bonus Watch ’13: Beverly Hills Pawnshop Owner Is Here To Make Sure You Get Paid

Beverly Loan Company is a high-end pawn shop three floors above the Bank of America branch on Santa Monica Boulevard. CEO Jordan Tabach-Bank’s grandfather started the company 75 years ago. “The amount that we have loaned out on the street is up about 10 percent from last year,” Tabach-Bank said. “We’re seeing more and more white collar customers bringing in large diamonds.” Tabach-Bank refered to one hesitant client who needed to cover year-end bonuses for his employees. “He needed a quick infusion of cash, he had some outstanding receivables. He came in here, received a collateral loan, and he was able to pay out his bonuses, but he was a bit tentative.” [CNBC]

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8 Responses to “Bonus Watch ’13: Beverly Hills Pawnshop Owner Is Here To Make Sure You Get Paid”

  1. Guest says:

    A pawn shop owner giving liquidity assessments of firms "on the street".

    Well fuck.

  2. Barry O says:

    that executive order raising congressional pay wasn't going to fund itself…

  3. Guest says:

    Their client did what he had to do to pay his workers. Nothing wrong with that.

  4. sohbet says:

    telling these little stories, here's a good idea: Have a point. It makes it so much more interesting for the listener.

  5. sohbet says:

    officers to investigate Blackstone's fishy financial transactions, but they wound up giving them