Market Overview

Beverly Loan Company's Diamond and Gold Anniversary; Upscale Pawn Shop Celebrates 75 Years in Business


CEO Jordan Tabach-Bank announces new location in Manhattan's exclusive Diamond District

Beverly Hills, CA (PRWEB) February 12, 2013

February 17, 2013 marks Beverly Loan Company's 75th year as Beverly Hills's most exclusive collateral lender. The upscale pawn shop has become a go-to resource for the elite 90210 community seeking large collateral loans on gold, diamonds, jewelry, watches, fine art and memorabilia. To celebrate this landmark anniversary, CEO Jordan Tabach-Bank announced the company's expansion to New York City, where a sister branch, New York Loan Company, will open its doors later this spring.

Widely known today as the “Pawn Shop to the Stars”, Beverly Loan Company was founded in 1938, towards the end of the great depression, by Louis Zimmelman, who saw a need for a discreet, upscale collateral loan company that could serve Hollywood's stars and affluent residents who found themselves in a cash crunch and in need of an immediate cash infusion. Beverly Loan was the first pawn shop in Beverly Hills and over the last 75 years it has thrived, even through the toughest of economic downturns.

Jordan Tabach-Bank, the family owned business' third generation owner/operator, pointed to Beverly Loan's strict adherence to customer privacy and security as the reason behind the company's longevity and prosperity. “A hallmark of our success has been our respect for our clients, the safeguarding of their privacy and our unique ability to offer the largest collateral loans in the country,” noted Tabach-Bank. “We're extremely excited to open New York Loan Company and bring this service to our east coast clients who previously had no local resources such as this at their disposal.”

New York Loan Company will be located in the exclusive International Gem Tower on 47th Street in New York City's Diamond District. Tabach-Bank said, “Clients will enjoy the same discreet, secure and professional environment at New York Loan that its west coast counterpart has offered for 75 years.”

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