PAWN FAQs

What is a Pawn?

To pawn something is to use it as collateral when you’re borrowing money. When you pawn a necklace at a pawn shop, you get cash in exchange for it with the understanding that you can buy it back later.

from Vocabulary.com

What's the Benefit of a Pawn?

The benefit when you pawn something is getting cash immediately. The down side is that you’ll have to pay more money — the amount you borrowed, plus interest — to get your item back. If you aren’t able to do this, the pawn shop will sell it to someone else.

from Vocabulary.com

The benefits are:

  • Quick Cash
  • No Credit Check
  • No Credit Worries
  • Interests are high, but
    not as high as payday
    and title loans
  • Get in – Get cash  – get out

Of course, this loan is totally based on you having something of value for security!

What are concerns of a Pawn?

You risk losing the item you pawned.

Most pawn loans are made for 30 days. Often they will extend the loan another 30 days, but you’ll pay interest the end of the first 30 days, and if you pick it up the end of the next 30 days (60 days later), you’ll pay interest again plus the loan amount. If you’re really in a bind, this can mean that you’ll not be able to pay the loan off and you’ll need to let the item go.

 

We care about you.

Although we are in business to make money, we also care about our customers. Over the years we’ve learned a great deal about the hardships folks can have. We do our best to help and we also are very  honest in our dealings.

More questions?

Please don’t hesitate to call and talk to one of our staff. 

GUN FAQs

Are you a recognized dealer?

Yes, …

Can you do gun transfers?

Yes, …

Are you a licensed dealer?

We are. And we specialize in GLOCK® firearms. 

Do you recommend classes?

We can…

Do you buy guns?

Yes, we do.

Will you trade guns?

Yes, we have done that. …

About The Bank


Phone: 443-617-4277

72 Patterson Avenue
Perryville, MD 21903

HOURS OF OPERATION

Monday-Friday: 10 to 6
Saturday: 10 to 2
Sunday: CLOSED