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How it Works

Pawnshops and pawnbroking have been around for thousands of years. The basic idea behind any pawnshop is to loan people money.  People also come in and sell used items outright to the pawnshop.

There are three things that happen in a pawnshop:

  1. People borrow money by putting up something of value that they own as collateral.

  2. People sell used merchandise.

  3. People buy new and used merchandise.

What is "Pawning"?

  • Pawning is when you bring in something of value that you own and give it to the pawnbroker as collateral for a loan.

  • The pawnbroker loans you money against that collateral.

  • When you repay the loan plus the interest, you get your collateral back.

  • If you don't repay the loan, the pawnbroker keeps the collateral. This does not affect your credit or ability to pawn with us again.

LoanUSA's Lending Process

What to Expect:

When an item is brought in for a pawn loan, it is first inspected to determine its value. Loan amounts are based on to the item’s value, condition and consumer demand for the item.

There is a $10 minimum dollar amount on a pawn transaction, and there is a set period of 4 months in which to repay the loan. 

Interest is charged on all loan transactions.


Should you choose to accept the pawn loan and terms, you’ll get cash on the spot. When you return to pay back the loan, we’ll immediately return your item.

While your item is in pawn, you still own it. Your item is safely stored until you return to pay your pawn loan in full and reclaim it.   

LoanUSA is regulated by Pawn Laws in the State of Massachusetts and the cities & towns in which we operate.


We are proud members of the Better Business Bureau, National Pawnbrokers Association, and the Jeweler's Board of Trade.

Come in today for a free no-obligation quote!

easy cash transaction
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