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Pawn Loans
Chesapeake Virginia

          If you’re in a financial bind or are just looking to put some extra cash in your pocket, pawnshop loans can be quite useful. If you are unfamiliar with pawn transactions, Greenbrier Pawn is here to help. Once you learn a little more about our bad credit loans, you may want to work with us to put some quick cash in your pocket.

What Are Pawn Loans?

You might have already visited your local pawn shop to sell unwanted items or to purchase used items for a discount price. What you might not have known at the time is that pawn shops also offer instant cash loans or collateral loans. 


Pawn shops offer short-term loans that would be considered a collateral loan. This is because your loan has to be secured with collateral.


When you think about a loan being secured with collateral, you might think about a vehicle or house being used. Things are a little different with pawn shop loans. These loans are instead secured by items of value that could be resold in the shop if you were to default on your loan. For example, you can bring in your engagement ring, fine jewelry, or maybe a Rolex watch.


With the average pawn shop loan, the pawnbroker will assess the value of your items. Then, based on this value, they will determine how much they can loan you. If you decide you’re interested in the loan, you will be given the cash and a pawn ticket. The pawn ticket will list things like the items that are being held as collateral, the amount you were loaned, the amount you have to pay back, the due date for your loan, and more. Hold on to this ticket, since you will need it when you return to repay your loan and collect your high-value items.

Are Pawn Loans Legal?

Payday loans are illegal in multiple states. In other states -- including Virginia -- they are technically legal but are very heavily restricted. This means that many payday lenders don’t operate in restrictive states at all.


On the other hand, pawn loans are legal in all 50 states. No matter where in the United States you live, a pawn shop loan should be an option for you. Just be aware that laws and regulations for pawn shop loans do vary from state to state. If you have questions about taking out a pawn loan in your state, your local pawnbroker should be able to educate you.

Are Pawn Shop Loans Regulated?

Pawnbrokers are required by the laws in their respective states to follow certain regulations. Therefore, if you want to borrow from a legitimate business and avoid high interest rates and overly high fees, a pawn shop loan should be your first choice.


In Virginia, interest rates on pawn loans are regulated by law. As long as you deal with a reputable pawnbroker, you never have to worry about paying overly high rates and fees.


Why Take Out a Pawn Shop Loan?

Pawn shop loans have many benefits. You may find this is the best way to take out a cash loan for all of these reasons.

The Money Can Be Used for Anything

People find themselves in need of extra cash for all sorts of reasons. At Greenbrier Pawn, we understand this. We won’t even ask you what you want to borrow the money for, and you can spend the money on anything you want.

You Shouldn’t Get Turned Down

You might be a bit apprehensive about taking out a pawn shop loan, since you might think you will not be approved. You might have had trouble getting approved for bank loans and personal loans because of a poor credit score, for example. Luckily, pawn shops don’t even check credit scores. Yes this is a no credit check loan.



With most types of loans, you have to provide quite a bit of information about your job and income. You might be asked about the type of job you have, how long you have worked there, how much you get paid, and how frequently you get paid. With a pawn loan, you won’t be asked about your income or employment history at all.


Typically, the only way you will get turned down for a loan is if you aren’t a legal adult, if you don’t have a valid government-issued ID, or if you don’t have sufficient collateral for the loan you’re hoping to take out. Even if this is true, you can return with more collateral and hopefully get the loan you were hoping for. 


With payday loans, you often have to have a bank account. This is because the loan money might be deposited into your bank account, and you may have to agree to have your repayment drafted from your bank account on your payday. You don’t have to have or use a bank account to take out a pawn loan. Instead, your loan will be paid to you in cash, and you can pay in cash when you’re ready to make your repayment.


The Process is Easy

Because you don’t have to provide employment or bank information when taking out a pawn loan, the process is incredibly fast and easy. In fact, you don’t even have to fill out an application to apply for one of these cash loans. You can get a loan offer right away, and if you accept, you’ll have the cash in your hand in minutes.

You Can Get Your Items Back

You might have thought about selling unwanted items to get cash instead of taking out a loan, and this is something that Greenbrier Pawn can help you with. You might not actually want to part ways with a family heirloom or an item that has a lot of sentimental value, but you might fear you have no choice because you’re in a financial bind.


With pawn loans, you do have a choice. Instead of selling your items, you can use them to take out the loan that you need. Then, as long as you repay your loan, you can get your special item back as soon as you do so.

You Can Choose How Much You Borrow

Some lenders only offer small loan amounts, or you could be worried you’ll only be offered a small loan because you don’t have a high income. With a pawn shop loan, you actually get to decide how much you are able to borrow. Just bring in enough collateral to equal the amount of money that you need, and we’ll grant you the loan you want, whether you’re interested in borrowing $5 or $50,000.

You Don’t Have to Worry About Negative Financial Impacts

The last thing you want to do is put yourself in a worse financial situation when taking out a loan. However, this happens to people all the time when they take out the wrong types of loans or when they work with the wrong financial institutions.


If you take out a payday loan that has a lot of hidden fees and high interest rates, you might find it’s difficult or impossible for you to repay the loan. This can lead to a lot of problems. Late fees might pile up and make the loan even harder to pay off. You might receive collection calls or letters at home and even at your place of employment. The payday loan company might attempt to draft the payment from your checking account when you can’t afford it, leading to a negative bank balance and overdraft fees. You also have to worry about your credit score potentially being affected for seven years or more.


None of these are things you have to worry about with a pawn shop loan. You’ll know how much your repayment is and when your due date is from the day you take out your loan. If you can’t repay your loan, no one will call your cell phone or job to ask you about it, and your credit score will not be negatively affected since we do not report to any credit bureau. 

What Are the Downsides of Pawn Shop Loans?

Now that you know about some of the upsides of borrowing money in this way, you might be interested. However, you probably want to find out if there are any downsides before you make a move. As is the case with loans of any type and from any financial institutions, there are a few things you should know. Still, when you weigh out the pros and cons, you’ll likely still find that a pawn loan is an easy way to get extra money.

You Have to Have Collateral

As mentioned above, you will be required to have collateral for your loan, and the collateral that you bring will have to be valuable enough to secure the loan that you want. If you don’t have a lot of valuable items, you might be worried that you will not be able to get a big enough loan.


Luckily, this is often less challenging than people think. This is because we accept many different items of value. Chances are good that you have something lying around the house that you can bring in that is in good condition, such as a laptop that you don’t normally use or some of your jewelry that you seldom wear.

You Could Lose Your Collateral

Of course, the whole point of providing collateral is to secure your loan in case you don’t pay it back. If you don’t repay your loan, it’s not a big deal. You won’t owe the pawn shop anything, and you don’t have to worry about not being able to take out pawn loans from the same pawn shop in the future. However, you will not be able to get your items back if you don’t repay your loan within a certain period of time.


There are a couple of things you can do to prevent this from being a problem. For one thing, don’t take out a bigger loan amount than you need and can pay back. Additionally, if you’re worried that you might not be able to repay the loan, you’ll want to avoid using items with sentimental value as your collateral. Instead, look for other items of value that you won’t miss as much or that you can easily replace at a future date, if necessary.

What Types of Items Does Greenbrier Pawn Accept as Collateral?

It would be impossible to list all of the different items that we accept as collateral. We have decades of experience in the industry and have accepted many unusual items of value over the years. There are some items that are brought in more often than others, though.


It’s very common for people to bring us jewelry, watches, and accessories to use as collateral. This even includes class rings, engagement rings, and more. 


If you haven’t played your trombone since you graduated from high school or if you have a big guitar selection and can spare one or two of your instruments for a few weeks, your musical instruments can serve as collateral.


We also accept gold coins, valuable metals, sporting goods or memorabilia, firearms, loose diamonds, laptop computers, video game consoles, and so much more. Go ahead and bring your items of value for us to take a look at, or give us a call ahead of time if you want to be sure.

Why Choose Greenbrier Pawn for Your Loan?

If you are wondering which pawn store you should visit for one of these collateral-based loans, we invite you to visit Greenbrier Pawn Shop & Jewelry, which is conveniently located in Chesapeake next to Greenbrier Mall. Consider visiting us for all of your pawn transactions for these reasons:

  • Chesapeake residents have trusted us for pawn loans and other pawn transactions since 1996, so we have a lot of industry experience.

  • The average pawn shop loan is around $150. We offer loans that are much larger than this, though. You can borrow up to $50,000 from Greenbrier Pawn, so we encourage you to visit us if you’re looking to take out more than just a small cash loan.

  • Our experienced associates will value your items fairly and make the process as easy as possible for you.

Pawnshop Loans Near Me in Chesapeake

Pawn shop loans from Greenbrier Pawn Shop & Jewelry make borrowing money easier than ever. If you've been looking for pawn shop loans near me, you don't have to keep looking for local pawn shops. Just visit the Chesapeake pawn shop that you know and trust, Greenbrier Pawn. Our pawn shop in Chesapeake VA offers jewelry collateral loans near me, as well as pawn loans on other items of value!

Jewelry Collateral Loans Near Me

Our pawn shop in Chesapeake VA is one of the best local pawn shops if you're looking for pawn shop loans near me. When taking out a pawn loan, many people look for jewelry collateral loans near me. A pawnshop loan on a piece of fine jewelry is fast and easy. Plus, when you use a valuable piece of jewelry for a loan, you may be surprised by how much you can borrow! Visit us today for pawnshop loans near me! Our staff is here and ready to help you.

Loan Places Near Me

Searching for loan places near me? Loans from pawn shops are a great option! Are you in Chesapeake? Greenbrier Pawn is the best pawn shop near me. Avoid predatory title loans in Chesapeake, and consider a pawn loan from a trusted pawn shop.

What Will a Pawn Shop Buy?

Maybe you're wondering, "What will a pawn shop buy?" because you want to get cash now but don't want to have to worry about repaying pawn shop loans. Just as we accept many items of value for our pawn loans, we buy items for top dollar, too. Bring us your unwanted jewelry, gold, firearms, and so on. We'll make you a cash offer today!

Jewelry Expert

How It Works

Here at Greenbrier Pawn Shop, we understand that anyone can suffer from cash flow issues. If you’ve found yourself running a little short on cash, we are here to help.


Our pawn loans are SHORT-TERM LOANS THAT ARE REGULATED BY VIRGINIA STATE LAW. Basically, you will need to bring in an item of value -- or multiple items -- for us to hold as collateral.


Then, BASED OFF OF HOW MUCH THE ITEM IS WORTH, WE'LL GIVE YOU A LOAN OFFER. If you choose to accept, we can quickly and easily write up a loan contract and loan you the cash.


All you need is your state-issued ID to prove that you’re at least 18. WE DON'T CHECK YOUR CREDIT, and we accept a wide range of items as collateral for our pawn loans.

After you take out your loan, you’ll have a few different options. Your first option is to come back in and pay off your loan within the 30-day loan term. You’ll pay back the amount that you borrowed plus a small loan fee and interest charge that is regulated by Virginia state law. Then, you’ll get your item back immediately. If you aren’t able to pay off your loan in 30 days, it’s not a big deal. All you have to do is bring in the amount of your interest and fees. Once you pay this sum, we’ll renew your loan for another 30 days to give you more time to come up with the cash.


Lastly, if you are unable to pay back your loan for any reason, or if you decide that you just don’t want your item back, you don’t have to do anything. We will keep your item, and you won’t have to worry about paying back the loan. This will not have a negative impact on your credit, and you will not have to worry about us calling and hassling you about the money. You can also come back to us anytime that you want to take out another loan.

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