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How does a pawnshop work?

Pawnbrokers lend money on items of value ranging from gold and diamond jewelry to musical instruments, televisions, tools, household items, etc.. These items maintain their value over a reasonable period of time. Usually, loans are small averaging between $75 and $150, although they can be as small as $5 or as high as several thousand dollars depending on the value of the collateral item.

We do not show your item or display it. We will not play with it, wear it, or use it. Nor will we allow anyone else to touch it. We will not sell an item any time within the loan period.

By law your transaction is confidential. You just bring in your item or items (you can have as many loans as you need). We will evaluate the item and tell you if we can loan on it and how much we can allow. Then you can say YES or NO and it didn’t cost you a thing.

Are your pawn loans regulated?

Our pawn loans are regulated by the State of California. The law requires that a loan be held by shops for a minimum of four months, plus a 10 day grace period. This means you can pick up your item anytime within that period (the next day if you want). Santa Barbara Loan and Jewelry further works with our customers and will let you pay just the interest on your loan at the end of the four months, and can give you another four months (just like a brand new loan). If you are out of the area and can’t get in, someone else can renew the loan and in many cases we will allow you to renew with a cashier check by mail.

Are there any loan fees?

The interest and account fees are set by state law and depend on the amount of the loan. Click here to see a list of all fees. No payments are required until you pickup or renew your loan.

Do most Santa Barbara Loan & Jewelry customers lose their merchandise?

On average, 90 percent of all loans are repaid. Repeat customers make up most of our business, similar to any other lending or retail establishment. Santa Barbara Loan & Jewelry knows the vast majority of their customers because they often borrow against the same items over and over again. It is the choice of the customer whether he/she elects to repay the loan

This doesn’t look like my Father’s pawn shop, why?

The image of a dark seedy pawn shop frequented by derelicts and criminals is long gone. Santa Barbara Loan & Jewelry focuses on providing exceptional customer service in a clean, safe, friendly and comfortable environment. We’ve been selling items at this same location since 1993.

What type of items does Santa Barbara Loan & Jewelry take on loan?

Santa Barbara Loan & Jewelry makes loans on just about any item of value.

All Jewelry is insured and stored in secured vaults.

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