LOS ANGELES, September 13, 2019 (Newswire.com) – LA Loan Company, a pawn shop on Santa Monica Blvd., has offered cash loans to borrowers for years. Now, they make it possible to get such a loan in less than three minutes.

This Los Angeles pawn shop has been around since 1945. For many years, borrowers have been able to bring items to the pawnshop as collateral for a loan. Instead of giving out this loan through a check or on some kind of card, the LA Loan Company gives its borrowers cash for these loans.

Other pawn shops or lenders may make potential borrowers wait for some time before determining whether or not to approve the loan. The LA Loan Company has instituted a new policy where they can let a borrower know if the loan will go forward in three minutes or less.

“When you need cash right now with a low-interest rate, it can seem like there’s nowhere to turn. Here at the LA Loan Company, we’ve helped people to get cash when they need it for many years. We see our borrowers as partners. We want folks to succeed as much as possible, so we keep the terms flexible. That way, you have the best chance to pay off your loan. We’re a BBB business and we’ve been giving people loans for several decades. We also know that people don’t really have time to wait to hear about a loan. That’s why we make sure to let you know in three minutes or less,” said Eric Kotlyar, owner of the LA Loan Company.

The LA Loan Company also pays for gold coins or really any kind of gold. They also test gold and clean jewelry for free.

For more information about pawnshop loans, getting a loan quickly, or to make a press inquiry, contact LA Loan Company at 5511 Santa Monica Blvd., Los Angeles, CA 90038 or call (323) 400-6480. People looking to deal with them must be at least 18 years old to pawn or sell an article and must show a valid state ID, national photo ID, passport or matricula consular. Spanish-language service is available.

Source: LA Loan Company