don’t be shy

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]