About The Bank
323 St. John Street
Havre de Grace, MD 21078
HOURS OF OPERATION
Monday-Friday: 10 to 6
Saturday: 10 to 2
What exactly does it mean – PAWN?
The Bank Gun & Pawn offers cash loans on your items of value!
Bring us your gold, silver, platinum, and diamond jewelry (in any condition), TV’s, Laptops, Computers, Digital Cameras, Video Game Systems, Musical Instruments, Guns, Tools, etc.
How a pawn loan works:
Pawn loans are for a thirty (30) day period, you may pay your interest and extend the loan for thirty (30) more days (but this does not change your pickup price). You may do this as many times as you wish. If you would like to know if The Bank would take your item for pawn, or if you have any questions about pawn loans, please do not hesitate to contact us at
For thousands of years, people all over the world have from time to time found themselves with one problem in common—the need for fast cash. And for almost as long, there’s been one easy way to solve it: To “pawn” personal items of value for a cash loan. Throughout history, pawnbrokers have provided monetary loans in exchange for valuable items. These items are then held by the pawnbroker for a contractual period of time during which the owner of the item can repay the cash loan, plus an amount of interest, to reclaim their goods. If they are unable to come up with the money to buy the item back, the broker has the right to sell the item to another buyer. In the United States today, more than 12,000 pawn shops operate nationwide, their shelves filled with an eclectic array of items from the ordinary to the unbelievable. Each has its own unique story and past.
The Bank Gun & Pawn
is able to help you
through a tough time.
Don’t believe the bad things you’ve heard
Pawnshops aren’t the shady, scary places they often appear to be in the media. “Pawnshops have been unjustly vilified by the mainstream media, and so most people perceive pawnshops to be dirty and seedy,” says Harrison.
Rather, pawnshops are regulated by 14 federal statutes and regulations, plus numerous state and local laws, says Emmett Murphy, spokesman for the National Pawnbrokers Association, or NPA. “The majority are clean, well-lit stores run by people who pride themselves on providing good customer service.”
A Pawn Is
- a collateral-backed loan
- secured by something you value
- the pawnbroker keeps your
item until the loan is repaid
- usually an amount that is a
fraction of the value of the item
- for a set period of time
- given an interest rate
You are responsible
- Get a receipt that has all the
requirements – amount of
loan, date to pay interest and/or
- interest and loan to take
back your item.