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Should I be a pawnbroker?
I've had many entrepreneurs contact me who state they are planning to open a pawnshop and are seeking my assistance. In talking to them I discover they are most interested in buying, selling, and trading second-hand goods. They are shocked to discover this is not the main business activity of a legal licensed pawnshop. I always suggest to them to consider opening a secondhand store as opposed to attempting to meet the requirements to become a licensed pawnbroker. This is important for you to realize. The main business activity of any pawnshop is providing short-term credit to consumers who in turn pledge personal property as collateral for the pawn loan. Simply stated; if you do not want to be a moneylender, you should not choose to be a pawnbroker.
Click here to read all the tips for opening a pawn shop.
Click here to request a copy of the NPA Magazine.
NPA Student Membership
Student membership is limited to individuals studying or learning to operate a pawn establishment. The membership is valid for one year (if the individual joins after June 30 in a given year, they may retain the membership through the following year.)Upon demonstration that a valid pawnbroker license has been obtained, the student member may become a Regular Pawnbroker Member.
Cost: $300
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Consultants
Cloud Ten Inc
Steve Krupnik
808 Trailridge East
Mishawaka, IN 46544-6649
(574) 968-8360
www.startapawnshop.com
www.pawnshopadvisor.com
www.pawnshopperformer.com
Pawnshop Consulting Group
Jerry Whitehead
7920 NW 85th Ave
Tamarac, FL 33321
(954) 540-3697
www.pawnshopconsultinggroup.com
Stallcup Group, Inc.
Steve Stallcup
701 E Bluff St., Ste 7311
Fort Worth, TX 76102
(817) 723-3323
www.thepawnshopbroker.com
Online Training Classes
Pawn 101
A basic training course which provides basic knowledge of the pawn industry and an overview of the roles and responsibilities of a new Pawn employee. Pawn 101 courses are provided through a partnership with NPA, Online Training Technology (OTT) and Jerry Whitehead of Pawnshop Consulting Group.
Cost: NPA Member $20
Non-Member $40
History of Pawn
A basic training course offered for new pawn employees who need to learn general information about the pawn industry. What is Pawn and how it works? The course also addresses the typical customer of pawn. It has an overview of regulations and compliance of the industry.
Cost: NPA Member $20
Non-Member $40
NOTE: If you are interested in either one or both of these courses, please click here to fill out the form and fax to OTT.
NPA Pawn Expo
Reference Books
Pawn Items
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